Oxyzen Express.
| Photo Credit: Oxyzen Express web site
Express Logistics and provide chain options start-up Oxyzen Express mentioned it had closed seed capital fund elevate second spherical of $3 million to speculate into next-gen logistic tech.
The fund elevate occurred through the course of the present fiscal with Tamil Nadu Emerging Sector Seed Fund and SNAM group of corporations as lead buyers together with participation from a bunch of different angel buyers. It was facilitated by Lion Hill Capital as monetary advisors, the city-based agency mentioned in an announcement.
Co-founded by a group of eight business veterans, Oxyzen commenced operations in early 2022. It reported income of $6 million in FY23. Today, Oxyzen serves many marquee company prospects throughout a number of business sectors together with retail, pharma, FMCG, e-commerce, electronics and auto.
