Mailit, a technology-driven mailroom management and logistics company backed by Ratan Tata, announced on Monday that it is seeking $10 million in a series A funding round.
Mailit, which is run by Mailit Mailroom Management Solutions Pvt, has also raised an undisclosed amount in debt funding as a bridge round prior to raising its Series A.
PSI, a global network of venture and private equity investors, provided the funding.
Mailit collaborates with organisations such as Adani Group, SBI, Asian Paints, L&T, Raymond, IndusInd Bank, Ultratech Cement, Emerson, Sandvik Asia, and Larsen & Toubro. The clientele also includes an agreement with the 73 Group Companies of the Tata Group.
Mailit provides courier, cargo, 3PL (third-party logistics), digital mail room solutions, and postal services.
Mailit’s vision is to create India’s first digitally integrated logistics and mailroom solutions (IL&MS) platform, bringing consolidation, increased efficiency, and visibility to a fragmented market.
Ratan Tata, the Tata Sons chairman emeritus, has previously backed companies such as Snapdeal, Kaaryah, Bluestone, CarDekho, DogSpot, and Urban Ladder.
PSI VC is a network of over 1,500 investors from 400 VC, PE, and family offices in 21 countries. The network takes a sector-agnostic approach and typically assists in raising up to $100 million. Its primary objectives are fundraising, corporate sales, and strategic alliances.
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