Oxyzen Express raises $3 Mn in seed round

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Admin
  • December 24, 2023
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    Oxyzen Express secures $3 million in seed capital from lead investors Tamil Nadu Emerging Sector Seed Fund and SNAM Group.

Thrilled to announce our $3 million seed capital round, empowering Oxyzen Express to revolutionize express logistics with OWENS technology and extend our reach to diverse industries.

Express logistics and supply chain solutions startup, Oxyzen Express, has successfully secured $3 million (Rs 25 crore) in the second tranche of its seed capital round. Tamil Nadu Emerging Sector Seed Fund and SNAM Group of Companies led the investment as the primary investors, with additional participation from a group of angel investors.

Headquartered in Chennai, Oxyzen Express recently unveiled its proprietary tech stack, OWENS, designed to provide an enhanced customer experience and commercial efficiency. OWENS boasts a notable feature called the 'Middle Mile Optimizer,' utilizing real-time deep search data analytics to optimize and automate network decisions on a daily basis.

Co-founded by Bala Aghoramurthy, Raghuraman R, and Patram Choudhary, Oxyzen Express operates under the Startup India initiative, focusing on the PTL/express logistics sector. The startup has rapidly expanded its pan-India network, covering over 10,000 pin codes and initiating business operations in early 2022.

Despite its recent establishment, Oxyzen Express reports substantial growth, achieving nearly $6 million in revenue in FY23. The startup caters to esteemed corporate clients spanning various sectors, including retail, pharma, FMCG, ecommerce, electronics, and auto.

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