Bangalore-based 120M Series: Greenoaks Capital, Lightspeed, and TechCrunch

The Indian startup ecosystem has been thriving in recent years, with Bangalore emerging as a hub for innovation and entrepreneurship. The city has seen a surge in funding, with several startups raising millions of dollars in funding rounds. One such startup that has caught the attention of investors is the Bangalore-based 120M Series. The startup has recently raised $17 million in a funding round led by Greenoaks Capital, with participation from Lightspeed and TechCrunch.

The 120M Series: A Brief Overview

The 120M Series is a Bangalore-based startup that provides a platform for businesses to manage their logistics operations. The startup was founded in 2019 by Rahul Garg, who has over a decade of experience in the logistics industry. The platform uses AI and machine learning to optimize logistics operations, providing businesses with real-time visibility and control over their supply chain.

The Funding Round

The recent funding round saw the 120M Series raise $17 million in a Series A round led by Greenoaks Capital, with participation from Lightspeed and TechCrunch. The funds will be used to expand the startup’s operations and enhance its technology platform. The funding round is a testament to the potential of the logistics industry in India, which is expected to grow at a CAGR of 10.5% between 2020 and 2025.

Greenoaks Capital: Leading the Funding Round

Greenoaks Capital is a global investment firm that has invested in several successful startups, including Deliveroo, Stripe, and Brex. The firm has a strong focus on technology and has been actively investing in the logistics industry. The firm’s investment in the 120M Series is a testament to the potential of the logistics industry in India and the startup’s innovative technology platform.

Lightspeed: A Strategic Investor

Lightspeed is a global venture capital firm that has invested in several successful startups, including Snapchat, Nest, and GrubHub. The firm has a strong focus on technology and has been actively investing in the Indian startup ecosystem. The firm’s investment in the 120M Series is strategic, as it provides the firm with exposure to the logistics industry in India, which is expected to grow significantly in the coming years.

TechCrunch: A New Player in the Indian Startup Ecosystem

TechCrunch is a leading technology media outlet that has been covering the Indian startup ecosystem for several years. The media outlet has recently launched its own venture capital fund, which has invested in the 120M Series. The investment is a testament to the potential of the logistics industry in India and the startup’s innovative technology platform.

Conclusion

The 120M Series is a Bangalore-based startup that provides a platform for businesses to manage their logistics operations. The startup has recently raised $17 million in a funding round led by Greenoaks Capital, with participation from Lightspeed and TechCrunch. The funds will be used to expand the startup’s operations and enhance its technology platform. The investment is a testament to the potential of the logistics industry in India and the innovative technology platform developed by the 120M Series.