About Elixia
Elixia is a company based in Mumbai (India) founded in 2011 by Sanket Sheth. It operates as a SaaS (Software-as-a-Service). Elixia has raised $2.57 million across 6 funding rounds from investors including Motilal Oswal, Rajasthan Venture Capital Fund and Flipkart Leap. The company has 68 employees as of April 02, 2024. Elixia offers products and services including Planning, Control Tower, Freight Billing, Marketplace, and Gen AI. Elixia operates in a competitive market with competitors including Freight Tiger, Logospot, Descartes, Shipwell and MercuryGate, among others.
- Headquarter Mumbai, India
- Employees 68 as on 02 Apr, 2024
- Founders Sanket Sheth
- Stage Minicorn
-
Sectors
Transportation, Automotive & Logistics
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Elixia Inc
- Date of Incorporation 13 Jul, 2011
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$1.36 M (USD)49.3as on Mar 31, 2023
-
Net Profit
-$991.09 K (USD)-135.73as on Mar 31, 2023
-
EBITDA
-$747.41 K (USD)-121.11as on Mar 31, 2023
-
Total Equity Funding
$2.57 M (USD)
in 6 rounds
-
Latest Funding Round
$1 M (USD), Seed
Oct 14, 2024
-
Investors
Motilal Oswal
& 29 more
-
Employee Count
68
as on Apr 02, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Elixia
Elixia offers a comprehensive portfolio of products and services, including Planning, Control Tower, Freight Billing, Marketplace, and Gen AI.
Route and load planning is optimized using AI technology.
Real-time tracking is provided for all in-transit shipments.
Automated billing and auditing are driven by AI technology.
Freight procurement is facilitated through a WhatsApp-driven marketplace.
Predictive analytics are offered for data-driven logistics decisions.
Transport management system is provided for logistics optimization.
Funding Insights of Elixia
Elixia has successfully raised a total of $2.57M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Elixia
Elixia has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Motilal Oswal, Rajasthan Venture Capital Fund and Flipkart Leap.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Multiple sectors are incubated by the foundation in Mumbai, India.
|
Locked | Locked | Locked | |
|
E-commerce startup acceleration and innovation programs focused on technology and partnerships in India.
|
Locked | Locked | Locked | |
|
Venture capital fund investing in multiple sectors
|
Locked | Locked | Locked |
Investor details for Elixia
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Elixia
Investment portfolio details for Elixia
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Elixia
Detailed financials for Elixia
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Elixia Comparisons
Peer comparison for Elixia
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Elixia
Elixia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Freight Tiger, Logospot, Descartes, Shipwell and MercuryGate, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Freight and logistics are managed via web-based platform.
|
|
| Locked | Locked | Locked |
SaaS-based transport management solutions are provided by LogiSpot.
|
|
| Locked | Locked | Locked |
Cloud-based solutions for transportation and supply chain management are offered.
|
|
| Locked | Locked | Locked |
Online booking platform for freight transportation
|
|
| Locked | Locked | Locked |
Cloud-based transportation management systems are provided for multimodal logistics.
|
|
| Locked | Locked | Locked |
AI & SaaS-driven transportation management software solution provider
|
Detailed competitors of Elixia
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Elixia
Complete news archive for Elixia
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Elixia
Elixia was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Elixia is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Mihir Ravani is the current CEO of Elixia.
Elixia is a funded company, having raised a total of $2.57M across 6 funding rounds to date.
As of Apr 02, 2024, the latest employee count at Elixia is 68.
Annual revenue of Elixia is $1.36M as on Mar 31, 2023.
End-to-end logistics automation solutions are delivered by Elixia to enterprises across India, GCC, and the USA. Operations in the logistics sector are simplified through AI-powered tools, real-time tracking, and automated billing systems. Cost reduction and on-time delivery are ensured through data-driven decision-making and integrated transport management systems. Seamless freight movement is facilitated, allowing businesses to focus on core activities while logistics processes are optimized for efficiency and reliability.
Elixia's top competitors include Freight Tiger, Descartes and AVG Logistics.
Elixia offers Planning, Control Tower, Freight Billing, Marketplace, and 2 more products and services.
Elixia has 30 investors. Key investors include Motilal Oswal, Rajasthan Venture Capital Fund, Flipkart Leap, JITO Incubation & Innovation Foundation, and Vimal Shah.
The valuation of Elixia is $4.32M as of Sep 2021.