New Delhi: capital aA venture fund for seed-to-early-stage start-ups, on Thursday said it has invested in a Bengaluru-based B2B logistics-tech startup. roadoIts first investment from its proprietary corpus of $25 million (approximately Rs 186.2 crore). However, it did not disclose the amount invested.

Capital A plans to invest in 8-10 companies with ticket sizes of $50,000 to $500,000 each year and will also participate in a follow-on round, a statement said.

RoaDo is a cloud-based platform that aims to optimize visibility, real-time control and efficiency across supply chains. The platform also allows tracking and tracing of goods without the need for GPS or sophisticated hardware, providing alerts and automated customer updates with AI-enabled exceptions and actionable insights.

“Logistics is considered to be the backbone of any country’s economy… there is a need for a new generation of service providers that integrates infrastructure, technology and innovation to create solutions that help customers reduce operating costs and increase service efficiency. Let’s integrate,” said Capital A founder Ankit Kedia.

Capital A’s strategic partnership with Roado is a step towards its mission to invest in diverse and high potential sectors, he added.

“India is one of the largest and fastest growing logistics markets in the world, and the potential is enormous.

However, digitization and optimization of processes is lacking, said Murugan Manoj Kumar J, founder and CEO, RoaDo.

He added that the early-stage support (pre-series A funding) from Capital A will help the company accelerate the growth of its platform and take it to markets in a more streamlined and efficient manner.