Indian Entrepreneur@indianentrepreneur1Crowd has sold a quarter of its stake in Mojro, an AI logistics software firm, and still holds the other 75%. The sale brought back a multiple of the original investment.
The sale happened in Mojro's Series A round, alongside a few lead investors. 1Crowd first backed the company in 2018 and has since supported it through three follow-on rounds.
Mojro's software helps businesses plan routes, deliveries and vehicle loads more efficiently and cut logistics costs, and it is widening its international footprint.
