When was Pando founded?

Pando was founded in 2018 and raised its 1st funding round within a year of its incorporation.

Where is Pando located?

Pando is headquartered in Chicago, United States. It is registered at Shaver Lake, California.

Who is the current CEO of Pando?

. Nitin Jayakrishnan of Pando. They have also founded 1 company.

Which legal entities is Pando associated with?

Pando is associated with PANDOCORP PRIVATE LIMITED and 3 others.

How many employees does Pando have?

As of Sep 30, 2026, the latest employee count at Pando is 147.

Is Pando a funded company?

Pando is a funded company, having raised a total of $45M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 16, 2018.

How much is Pando worth?

The last known valuation of Pando was ₹***** as of Sep 30, 2021.

When was the latest funding round of Pando?

Pando's latest funding was a $***** Series B round on May 03, 2023, with participation from 11 investors. Its primary sector is Logistics Tech. In United States, the Logistics Tech sector has seen $4.24B in funding in 2026 to date.

What is the annual revenue of Pando?

Annual revenue of Pando is less than ₹10 Cr as on Mar 31, 2026

Where does Pando rank among its competitors?

Pando ranks 45th amongst 2219 active competitors, of which 125 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Traqo, which secured $90.2K in Nov, 2025.

Who are the top competitors of Pando?

Pando's top competitors include Locus, McLeod Software and Alvys. Among them, Traqo secured the most recent funding round in November, 2025.

Pando - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Developer of an AI-powered logistics orchestration platform. The platform automates freight procurement, dispatch, and audit processes across multiple transportation modes. It provides tools for contract management, carrier coordination, and invoice reconciliation to facilitate supply chain operations. The platform optimizes and automates freight sourcing, transportation planning and execution, freight audits, and payment for manufacturers, distributors, and retailers. It provides a unified TMS for enterprises to manage domestic, international, and EXIM shipments.

Website: pando.ai
Social
Registered Address: Shaver Lake, California

Key Metrics

Founded Year

2018

Location

Chicago, United States

Stage

Acquired

Total Funding

$45M in 5 rounds

Latest Funding Round

Series B, May 03, 2023, $*****

Last Known Valuation

₹***** as on Sep 30, 2021

Investors

Nexus Venture Partners & 34 more

Ranked

45^th among 2219 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2026

Employee Count

147 as on Sep 30, 2026

Similar Companies

Nuro & 927 more

Exit Details

Acquired by Fleetx (Aug 20, 2026)

View Pando's full profile

Pando is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Quaking Aspen Inc. CIN: 10559598 , Canada, Active	Dec 28, 2017	-	-	-
QUAKING ASPEN PRIVATE LIMITED CIN: U72200TN2022PTC152731 , India, Active	May 31, 2022	₹10 - ₹50 Cr (As on Mar 31, 2025)	80 (As on Apr 01, 2026)
QUAKING ASPEN, INC. CIN: 820953099 , United States, Active	Dec 31, 1999	₹10 - ₹50 Cr (As on Mar 31, 2022)	2 (As on Dec 31, 2023)	-
PANDOCORP PRIVATE LIMITED CIN: U63000TN2015PTC101584 , India, Active	Jul 29, 2015	0 - ₹10 Cr (As on Mar 31, 2026)	167 (As on Jul 01, 2022)

Pando got acquired by Fleetx on Aug 20, 2026.

Click here to take a look at Pando's acquisition in detail

Pando has raised a total funding of $45M over 5 rounds. Its first funding round was on Apr 16, 2018. Its latest funding round was a Series B round on May 03, 2023 for $*****. 11 investors participated in its latest round. Pando has 7 institutional investors and 28 angel investors.

Here is the list of recent funding rounds of Pando:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 03, 2023	7295506	Series B	2608907	3140375	6481653	3697613
Sep 30, 2021	7675820	Series A	4213301	3802914	7881972	1888823
Jan 13, 2020	5769733	Series A	6426020	7420177	Chiratae Ventures	Ramkumar Narayanan & 5 more

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View details of Pando's funding rounds and investors

The founders of Pando are Nitin Jayakrishnan, . Nitin Jayakrishnan and Abhijeet Manohar. . Nitin Jayakrishnan is the CEO of Pando.

Here are the details of Pando's key team members:

Nitin Jayakrishnan: Co-Founder & Chief Executive Officer of Pando. They are also an angel investor in 2 startups.
. Nitin Jayakrishnan: Co-Founder & CEO of Pando. They serve on the board of 1 company.
Contact Info: 2 email addresses and 1 phone number
Abhijeet Manohar: Co-Founder & CTO of Pando.
Contact Info: 1 email address

Pando's Board of Directors

Pando's board has 2 active members. . Nitin Jayakrishnan is part of team and Jayakrishnan Varadhan . is independent board member.

Here is the list of Pando's board of directors:

Name	Type	Representing	Status	Duration
njyrkpr	Team	-	Past	9y 9m
Jayakrishnan Varadhan .	Independent board member	-	Current	11y 3m

View details of Pando's Founder profiles and Board Members

Pando's employee count trend

Pando has 147 employees as of Sep 26. Here is Pando's employee count trend over the years:

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Top competitors of Pando include Locus, McLeod Software and Alvys. Here is the list of Top 10 competitors of Pando, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Locus 2015, Milpitas (United States), Acquired	Provider of an AI-powered platform for optimizing logistics and delivery	$82.5M	GIC, Alpha Wave Global & 33 others	73/100
2nd	McLeod Software 1985, Birmingham (United States), Unfunded	Provider of transportation management software solutions for carriers, brokers, 3PL providers, and shippers	-	-	64/100
3rd	Alvys 2020, Solana Beach (United States), Series B	Developer of transportation management system software for logistics operations	$77M	Bonfire Ventures, RTP Global & 4 others	63/100
4th	Logospot 2005, Seoul (South Korea), Acquired	Offers SaaS-based Transport management solutions	$38.5M	Korea Development Bank Europe, Woori Financial Group ... & 8 others	63/100
5th	Traqo 2022, Gurugram (India), Seed	Offers cloud-enabled end-to-end supply chain and logistcis transportation management solutions	$998K	We Founder Circle, Kahu & 6 others	62/100
6th	Freight Tiger 2014, Mumbai (India), Acquired	Provider of a digital freight network and transportation management system	$57.7M	Tata Motors, Lightspeed & 53 others	62/100
7th	Shipsy 2015, Gurugram (India), Series B	Provider of artificial intelligence software for logistics and supply chains	$32.9M	A91 Partners, Info Edge Ventures & 22 others	62/100
8th	Optym 2000, Dallas (United States), Funding Raised	Scheduling solutions provider for airlines, rail & truck operators	-	Plug and Play Tech Center, Venture 53 & 2 others	62/100
9th	Hacobu 2015, Minato (Japan), Series C	Provider of web-enabled solutions for transportation management	$29.3M	Daiwa House Group, Mercuria Supply Chain Investment Limited Partnership ... & 17 others	61/100
10th	Beyond Trucks 2019, San Mateo (United States), Series A	Provider of web-based end-to-end transportation management solutions	$10.4M	TenOneTen, Clear Ventures & 8 others	61/100
45th	Pando 2018, Chicago (United States), Acquired	Developer of an AI-powered logistics orchestration platform	$45M	Chiratae Ventures, Nexus Venture Partners ... & 33 others	50/100

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Looking for more details on Pando's competitors? Click here to see the top ones

PANDOCORP PRIVATE LIMITED, the legal entity associated with Pando, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of PANDOCORP PRIVATE LIMITED has a compounded annual growth rate (CAGR) of -85% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	4728	8662	6225	1290	8857
Total Sales	9473	2413	6168	9514	6746
Total Expenses	7143	7357	3528	5964	6711
Operating Expenses	5206	9355	5445	8932	3022
Employee Expenses	2728	3714	2475	9575	2836
Operating Income (EBIT)	3829	4188	3421	6167	4478
Interest Expenses	2306	7383	6072	1846	3668
Expenses from other activities	4989	6108	7619	1077	9308
EBITDA	5799	1416	2904	4145	7950
Taxes	4466	5728	3895	5943	1977
Net Profit	8639	8808	9220	1785	3453
Balance Sheet
Assets	3939	1685	8884	2268	3033
Accounts Receivables	8077	4158	5540	8135	1094
Inventory	1485	9377	4699	6182	9971
Liabilities	4595	6157	3242	4492	9435
Total Debt	8355	6320	8692	9716	7743
Accounts Payable	7821	9019	1856	2033	9879
Equities	2541	2386	5165	5014	6557

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders own 40.55%, Funds (largest shareholder) own 46.70%, Angels own 1.92% and Other People own 4.88%. The net worth of Pando's founders is INR 221Cr as of Sep 30, 2021. The cap table displayed below is for PANDOCORP PRIVATE LIMITED which is the legal entity associated with Pando.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	40.55%	221Cr	6167570	6933306	4424128	2856799
. Nitin Jayakrishnan	3497436	9809702	2033712	3784222	7129413	4522231
Fund	46.70%	254Cr	8909303	9709876	4025806	1012034
Nexus Venture Partners	3938902	8945684	2578955	7089821	7986589	4673334
Chiratae Ventures	8597013	9424407	7058601	4498918	7020931	8872836
Trifecta Capital	0	0	0	0	0	0
Angel	1.92%	10.5Cr	7	3	5	7
Saikiran Krishnamurthy	0	0	0	0	0	0
Other People	4.88%	26.6Cr	3069	9721	2028	4099
ESOP Pool	5.95%	32.4Cr	74166	33865	27666	60912
Total	100.00%	545Cr	8538393	8511927	1596753	5614115