India, April 10 -- Gurugram-based cross border logistics startup Xindus has raised $10 Mn (around INR 83.5 Cr) in a Series A funding round led by 3one4 Capital.

The round also saw participation from Orios Venture Partners, along with existing investors Shastra VC and Caret Capital.

The startup plans to use the fresh capital to scale up its operations in the next 12-18 months and boost its gross merchandise value to $200 Mn from $30 Mn.

"This funding is a key step in building the infrastructure Indian SMEs need to scale globally. Trade regulations are complex and constantly changing-most businesses lose momentum trying to keep up," Xindus cofounder Saurabh Goyal told Inc42.

Founded in 2022 by Goyal, Madan Mohan, Jaikaar Singh and Sapta...