Oxyzen Express, a pioneering express logistics and supply chain solutions startup, has successfully raised $3 million (Rs 25 crore) in the second tranche of its seed capital round. The funding, led by Tamil Nadu Emerging Sector Seed Fund and SNAM Group of Companies, along with participation from several angel investors, positions Oxyzen Express as a rising star in the competitive logistics landscape.
Founded by Bala Aghoramurthy, Raghuraman R, and Patram Choudhary, Oxyzen Express operates under the Startup India initiative and has recently unveiled its proprietary tech stack, OWENS. This cutting-edge technology incorporates design concepts aimed at delivering an unparalleled customer experience while ensuring commercial efficiency. Notably, OWENS features the groundbreaking ‘Middle Mile Optimizer,’ a real-time deep search data analytics tool that automates and optimizes everyday network decisions.
Since its inception in early 2022, Oxyzen Express has rapidly expanded its pan-India network, covering over 10,000 pin codes. In a remarkably short span, the startup has achieved nearly $6 million in revenue for FY23. Catering to a diverse range of industries, including retail, pharmaceuticals, FMCG, ecommerce, electronics, and automotive, Oxyzen Express has become the logistics partner of choice for marquee corporate customers.
The success of Oxyzen Express can be attributed to its commitment to innovation and technology-driven solutions. The OWENS tech stack, with its focus on operational efficiency and customer-centricity, has positioned the startup as a frontrunner in the express logistics sector. The ‘Middle Mile Optimizer’ stands out as a game-changer, using real-time data analytics to optimize decision-making processes and elevate customer experiences.
Bala Aghoramurthy, Co-founder of Oxyzen Express, expressed gratitude for the support from investors and highlighted the pivotal role the funding will play in advancing the startup’s strategic goals. The investment will be directed towards enhancing the technological capabilities of OWENS, ensuring that Oxyzen Express continues to provide cutting-edge solutions in the dynamic logistics landscape.
The participation of Tamil Nadu Emerging Sector Seed Fund and SNAM Group of Companies as lead investors underscores the strategic alignment between Oxyzen Express and key industry players. This partnership positions the startup for continued growth and success, leveraging the shared vision of excellence and innovation.
Oxyzen Express’s impressive revenue figures for FY23 showcase the effectiveness of its business model and the strong demand for its services. As the startup solidifies its market position, the $3 million infusion in seed capital will play a pivotal role in driving further expansion, strengthening technology infrastructure, and fostering key partnerships.
In a rapidly evolving logistics landscape, Oxyzen Express is setting itself apart through its commitment to technological advancements. The success story of this Chennai-based startup serves as an inspiration for aspiring entrepreneurs in the logistics and supply chain space. From its inception in the Startup India initiative to securing substantial funding in its seed capital rounds, Oxyzen Express exemplifies the potential for innovation and growth within the startup ecosystem.
