About LogiPe
LogiPe is a company based in Bengaluru (India) founded in 2021 by Tejpal Yadav, Abhishek Goyal, and Mrutyunjay Hiremath.. LogiPe has raised $1.93 million across 1 funding round from investors including Angel List, Wellfound and OCFO. The company has 28 employees as of April 05, 2024. LogiPe offers products and services including SaaS Platform, Fuel Wallet, and FASTag. LogiPe operates in a competitive market with competitors including Numadic, Truck Khata, TransBadi, TrukSe and VAHN, among others.
- Headquarter Bengaluru, India
- Employees 28 as on 05 Apr, 2024
- Founders Tejpal Yadav, Abhishek Goyal, Mrutyunjay Hiremath
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
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Website
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Social
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- Legal Name Logipe Fintech Private Limited
- Date of Incorporation 10 Jan, 2022
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$209.46 K (USD)0as on Mar 31, 2023
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Net Profit
$-1.24 M (USD)0as on Mar 31, 2023
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EBITDA
$-1.17 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$1.93 M (USD)
in 1 rounds
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Latest Funding Round
$1.93 M (USD), Seed
Mar 23, 2022
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Investors
Angel List
& 21 more
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Employee Count
28
as on Apr 05, 2024
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Products & Services of LogiPe
LogiPe offers a comprehensive portfolio of products and services, including SaaS Platform, Fuel Wallet, and FASTag. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for digitizing truck operations and management.
Wallet for vehicle fuel recharges and auto-recharge features.
Service for auto-recharge of FASTag and refund processing.
Funding Insights of LogiPe
LogiPe has successfully raised a total of $1.93M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.93 million completed in March 2022. 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.9M
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First Round
First Round
(23 Mar 2022)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - LogiPe | Valuation | Wellfound |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LogiPe
LogiPe has secured backing from 22 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Wellfound and OCFO. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage companies are invested in by Better Capital.
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Founded Year | Domain | Location | |
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Venture capital fund backed by single family office
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Founded Year | Domain | Location | |
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Early-stage founders are supported through impactful venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LogiPe
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LogiPe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Logipe Comparisons
Competitors of LogiPe
LogiPe 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 Numadic, Truck Khata, TransBadi, TrukSe and VAHN, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
GPS and web-based fleet trackers and sensors are provided.
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| domain | founded_year | HQ Location |
Bookkeeping software for truck owners and agents is managed.
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| domain | founded_year | HQ Location |
Provides payment solutions tailored for the fuel and freight industry.
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| domain | founded_year | HQ Location |
Provides payment processing solutions tailored for the truck driving industry.
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| domain | founded_year | HQ Location |
A mobile wallet platform for convenient fuel payments.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about LogiPe
When was LogiPe founded?
LogiPe was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is LogiPe located?
LogiPe is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of LogiPe?
Mrutyunjay Hiremath is the current CEO of LogiPe. They have also founded this company.
Is LogiPe a funded company?
LogiPe is a funded company, having raised a total of $1.93M across 1 funding round to date. The company's 1st funding round was a Seed of $1.93M, raised on Mar 23, 2022.
How many employees does LogiPe have?
As of Apr 05, 2024, the latest employee count at LogiPe is 28.
What is the annual revenue of LogiPe?
Annual revenue of LogiPe is $209.46K as on Mar 31, 2023.
What does LogiPe do?
LogiPe was founded in 2021 in Bengaluru, India, as a provider of solutions in the fleet management sector. Operations are centralized through a platform that handles payments, transparency, and efficiency. Services encompass prepaid card management, FASTag automation, automated invoicing, and LRGR management. Real-time tracking is facilitated to support fleet oversight and process streamlining across logistics operations.
Who are the top competitors of LogiPe?
LogiPe's top competitors include Truck Khata, Numadic and TransBadi.
What products or services does LogiPe offer?
LogiPe offers SaaS Platform, Fuel Wallet, and FASTag.
Who are LogiPe's investors?
LogiPe has 22 investors. Key investors include Angel List, Wellfound, OCFO, QED Innovation, and Better Capital.
What is LogiPe's valuation?
The valuation of LogiPe is $6.92M as of Mar 2022.
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