OORJAA Raises ₹9.7 Crore Series A Led By Equentis Angel Fund

Most third-party logistics contracts in India bill you for capacity. Trucks on the road, hubs on lease, people on shift, whether or not anything moved through them that day. OORJAA bills for units delivered instead, which means an empty truck is its problem rather than its client's.

On 27 August 2026 the Mumbai company raised ₹9.7 crore in a Series A led by Equentis Angel Fund, with Inflection Point Ventures joining. It is the first close of a larger round, and the company says it is in advanced talks with venture funds for the rest.

That model has produced real volume. OORJAA's operating entity reported revenue of about ₹94 crore for the year to 31 March 2025, up 70% on the year before, built on a lifetime of roughly ₹27 crore raised before this round.

₹94 crore of revenue on ₹27 crore of capital

That ratio is the most interesting thing about this business. Revenue for the year came in at about three and a half times everything the company had ever raised, in a sector where scale is usually bought with balance sheet.

The loss is worth reading in proportion. At roughly ₹7.2 crore against ₹94 crore of revenue, OORJAA is spending about eight paise for every rupee it books, which for a logistics network tripling its revenue over three years is a fairly disciplined burn.

Filings put the company's last recorded valuation at around ₹166 crore, as of December 2024. This round has not disclosed one.

Sandeep Patil, CEO, OORJAA:

"We have always believed logistics should be measured in outcomes, not assets. Charging our clients on a cost-per-unit basis meant our network and our technology had to earn their margin every single day, and that discipline is what has let us reach 200+ cities and 3 million products a day without adding cost in the same proportion. Equentis and Inflection Point Ventures backed that thinking early, and their investor communities have opened conversations that would otherwise have taken us years to reach. With this round, we want to take the same unit-level discipline into new markets, and turn Datashastra, the intelligence we built to run our own network, into a product that others can run on."

Datashastra is the part that changes the margin

The software running OORJAA's own network is now sold to other people's. Datashastra bundles Optimus for route optimisation, PiE KART for last-mile efficiency, HiSaaB for reconciliation, Smart Trip, and a 24-hour control tower for exception management. In 2026 it entered the GCC as a standalone SaaS suite.

Licensing the stack matters more than it sounds. A logistics network earns thin margins on volume and needs working capital to grow, because every new city means more vehicles, more people and more cash tied up before the first invoice clears. Software earns fat margins and needs almost none of that working capital at all. Running both from the same codebase means the expensive thing the company had to build anyway now has a second, capital-light way of paying for itself, and it is the clearest argument available for why a logistics operator should be valued as anything other than a logistics operator.

Who is writing the cheques

This is not Inflection Point Ventures' first cheque into OORJAA, nor Equentis'. Filings list both among a long-standing backer group that also includes Finspurt, Firstport Capital, Soonicorn Ventures and Beacon Trusteeship, alongside a large roster of individual angels.

Manish Goel, Founder and Managing Director, Equentis Wealth Advisory Services:

"This is our second-round investment in OORJAA, after our maiden investment in November 2024. OORJAA is fast progressing into a formidable platform in the intra-city logistics market, serving pedigreed enterprise clients. With SaaS offering, they are drawing on the best practices from the international market as solutions to the Indian enterprise clients."

Mitesh Shah, Co-founder, Inflection Point Ventures:

"OORJAA is redefining logistics by linking costs directly to outcomes, a model that brings transparency and efficiency to a sector long burdened by asset-heavy structures. Their proprietary stack, Datashastra, has already demonstrated measurable impact in reducing costs and improving reliability, while opening a capital-light SaaS revenue stream."

200 cities and four quick-commerce clients

OORJAA moves more than 3 million products and 50,000 last-mile orders a day across 200-plus cities, holding 95% SLA compliance for clients including Zepto, Blinkit, Amazon and Swiggy. Quick commerce is the demand behind most of that volume. OORJAA is also putting EVs into dense urban clusters to pull unit costs and emissions down further.

The company was founded in 2019 by Sandeep Patil, Prashant Mohite as COO, Yogesh Parab as CTO and Umesh Singh as CIO, and operates through Yatnavat Technologies.

The thing I would watch is the client list. Zepto, Blinkit and Swiggy are exactly the customers who eventually build this in-house, and cost-per-unit pricing is easiest to walk away from when you decide to own the trucks yourself. Datashastra going abroad reads like a hedge against that, and a sensible one.

Revenue, net loss, valuation and total funding raised come from the regulatory filings of Yatnavat Technologies Private Limited as aggregated by Tracxn, retrieved 27 August 2026, with rupee figures converted from the reported dollar values. Round size, client names, operating volumes and quotes come from the company's announcement.