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Mahindra Partners Participates in Series B Funding of Cloudleaf, Inc.

The Private Equity & Venture Capital Division of the Mahindra Group Dials up Its Presence in Silicon Valley

Mahindra Partners, the Incubation, Private Equity & Venture Capital division of the Mahindra Group, announced its participation in the $26M Series B fundraise of Cloudleaf, Inc., an emerging leader in digital supply chain solutions based in Silicon Valley. Mahindra Partners participated in the Series A round of Cloudleaf in 2017.

“The investment thesis for the early stage fund is to focus on diverse sectors like agtech, mobility, cleantech and deep tech enterprise applications, amongst others”

Cloudleaf’s mission is to create significant value across the end-to-end supply chain network with its Supply Chain Digital Visibility Platform, which brings unprecedented visibility, efficiency and responsiveness to supply chains in any industry. Using IoT, AI/ML and advanced analytics, Cloudleaf creates a digital twin of the supply chain and processes billions of events per second to deliver diagnostic and predictive insights in real-time for location, condition, utilization and anomaly detection.

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“Cloudleaf’s growth has been impressive as the company is quickly establishing itself as the new industry standard for actionable visibility in a broad spectrum of enterprise supply chains. Our follow-on investment in Cloudleaf is driven by strong global synergies with the Mahindra Group and Tech Mahindra as a go-to-market partner in the United States,” says Amit Sridharan, Director of U.S. Venture Investments, Mahindra Partners.

“We are pleased Mahindra Partners, an early and valued investor and strong supporter of Cloudleaf, participated in our Series B funding,” says Mahesh Veerina, President and CEO of Cloudleaf. “Mahindra Partners, the Mahindra Group and Tech Mahindra will be invaluable partners in our GTM and global expansion.”

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Cloudleaf is one of the many investments that Mahindra Partners is making as the company continues to increase its engagement with startups and connect with the external venture ecosystem in the United States.

“The investment thesis for the early stage fund is to focus on diverse sectors like agtech, mobility, cleantech and deep tech enterprise applications, amongst others,” added Sridharan. “For many startups, Mahindra Group can become an early customer through Proof of Concepts. This is a win-win for the innovators and startups in the United States, who can benefit significantly through the early business association with the Mahindra Group.”

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