Elixia

Established in 2011, Elixia (elixia.tech) is a logistics technology company headquartered in Mumbai, India, with a U.S. base in Elixia Inc. The company was founded by Sanket Sheth, who serves as Managing Director. Sheth's journey began after his Masters in Computer Science and working at a U.S. startup, where he was inspired to bring automation and technology to the logistics sector in India. He returned to India and founded the company, initially developing a mobile app for asset tracking before launching a vehicle tracking solution and expanding into a full suite of supply chain products.

Elixia operates on a Software-as-a-Service (SaaS) business model, providing an intelligent delivery orchestration platform to automate and optimize supply chain and logistics operations. The company targets clients across various industries, including FMCG, pharmaceuticals, chemicals, and 3PL, with a customer base of over 450 companies, including notable names like Flipkart, Hershey's, and Pidilite. Revenue is generated by providing these software solutions, with the company reporting operating revenues in the INR 1 cr - 100 cr range for the fiscal year ending March 31, 2023.

The firm's core offering is a comprehensive, AI-powered platform that provides end-to-end management of the logistics process. This includes features for dispatch planning, load optimization, real-time shipment tracking, automated billing, and freight auditing. The platform is capable of managing full truckload (FTL), part truckload (PTL), and parcel deliveries through interlinked soft bots. A key feature is its supply chain control tower, which offers complete visibility and actionable business intelligence through data analytics. Elixia also offers specialized products like Elixia Connect, a WhatsApp-driven logistics marketplace, and hardware such as GPS devices and temperature sensors for monitoring sensitive goods. Since its inception, the company has raised a total of over $2 million across multiple funding rounds, with its latest pre-series A round in October 2024 securing $1 million. This capital is aimed at funding expansion into the Middle East and further developing its product by integrating generative AI and machine learning capabilities.

Keywords: supply chain management, logistics technology, SaaS, delivery orchestration, fleet management, transportation management system, freight auditing, real-time tracking, AI in logistics, warehouse monitoring