India, Nov. 20 -- Digital freight forwarding startup Agraga has raised INR 100 Cr (about $11.3 Mn) in its pre-Series B funding round led by Bajaj Finserv Group. The round also saw participation from existing backer IvyCap Ventures and a group of global angel investors.

In a statement, the startup said that the capital will be used to strengthen its cross-border logistics business, expand its LCL (less-than-container load) operations, and increase investments in automation, real-time shipment visibility, and embedded financial tools. Agraga also plans to widen its presence across major export hubs in India.

The startup operates a digital platform that brings together freight, customs, warehousing, and financial services in one place. It ...