This funding will enable the company's shift to a full platform model, emphasising carbon reduction as a core aspect of its offering.
MatchLog Solutions, a sustainable container logistics and supply chain optimization player, announced the close of $1.5 million in pre-series A funding. The round was led by Motion Ventures and July Ventures, with participation from Venture Catalysts, Blue Ashva Capital, and Capital A.
This funding will enable the company's shift to a full platform model, emphasising carbon reduction as a core aspect of its offering. The investment will also expand MatchLog’s market presence, enhance strategic partnerships, and deepen collaborations within the global shipping and port ecosystems.
As per a company statement, MatchLog’s triangulation solution, which pairs import containers with export requirements, eliminates unnecessary dry runs and reduces the trips containers make back to depots when empty. This practice not only lowers operational costs but also significantly cuts carbon emissions by minimizing needless transport.
With its expansion, MatchLog is set to increase its footprint and scale in India, thereby maximizing efficiency in container usage and transport logistics. This growth is projected to handle around 4-5 million containers annually, resulting in a substantial reduction of 200,000 metric tons of carbon emissions each year.
Dhruv Taneja, Founder and CEO, MatchLog, said, "Our transition from a marketplace to a platform model is aimed at scaling our operations and increasing our sustainability efforts. Since starting our operations, we've managed 200,000 containers and improved their efficiency by around 50%. This has reduced our carbon emissions by 40,000 metric tons, contributing significantly to the reduction of the container logistics carbon footprint in India. Looking forward, we plan to handle 2 million trips annually, aiming to cut an additional 800,000 metric tons of emissions and save over $100 million in freight costs."
Established in July 2019, MatchLog utilises advanced container matching algorithms and a sophisticated technology-driven platform to ensure seamless integration across the logistical ecosystem. This enhances equipment utilisation and optimises transport routes. In 2022, MatchLog raised $3 million from Blue Ashva Capital, Rainmatter Climate Technologies, and Capital-A, further strengthening its platform for future growth.