Dispatch Network Raises Rs 5 Crore Led by Antler India
The Pune-based last-mile delivery startup closed a pre-seed round led by Antler India.
Key Takeaways
- Dispatch Network raised Rs 5 crore in a pre-seed round.
- Antler India led the round, with three angel investors.
- Dispatch went live in Pune in June 2026, the company said.
- Dispatch said the money will grow its AI team.
- The company plans to launch in Mumbai in November 2026.
Table of Contents 9 sections
- Dispatch Network funding at a glance
- What Dispatch Network does
- Dispatch Network's journey since June 2026
- Navneeth Kannan on building the decision layer for deliveries
- Rajit Arya on what riders need
- What Dispatch says it will do with the money
- Dispatch Network's position after its pre-seed round
- More funding news
- FAQs
Dispatch Network, a Pune-based last-mile delivery startup, has raised Rs 5 crore in a pre-seed funding round led by Antler India. The round was announced on 2 November 2026.
Angel investors Krishi Fagwani, founder of Thrive, Yashin Mahadevia and Parth Modwadhia also took part in the round.
Dispatch Network funding at a glance
| Detail | Dispatch Network |
|---|---|
| Amount | Rs 5 crore |
| Round | Pre-seed |
| Lead investor | Antler India |
| Other investors | Krishi Fagwani (founder of Thrive), Yashin Mahadevia and Parth Modwadhia |
| Sector | Last-mile delivery |
| City | Pune |
What Dispatch Network does
Dispatch assigns delivery riders to carry orders for food delivery and quick commerce platforms. It uses its own AI model to decide which order each rider takes next and where the rider should wait for the one after.
According to Dispatch, riders on delivery apps can spend up to 50% of their kilometres without an order. The company said it assigns every order to a specific rider instead of letting riders choose, which it said reduces empty kilometres. It calls its AI model the Large Logistics Spatio-Temporal Model, or LLSTM.
Dispatch Network's journey since June 2026
| When | Milestone |
|---|---|
| June 2026 | The company said it went live in Pune |
| 2 November 2026 | Dispatch announced its Rs 5 crore pre-seed round led by Antler India |
| November 2026 | Mumbai, its second city, is due to launch, the company said |
Dispatch delivers for Zomato, Swiggy, Zepto, Instamart and BigBasket. It also serves restaurants and stores through its direct APIs and the Open Network for Digital Commerce (ONDC).
Navneeth Kannan on building the decision layer for deliveries
"Most of the world's deliveries still run on rules someone wrote by hand. We're building the decision layer for last-mile delivery: which order, which rider, and where they should be next. Pune is our training ground, and every delivery makes the model sharper"
Rajit Arya on what riders need
"Riders need more orders, but more importantly, they need the right next order."
What Dispatch says it will do with the money
Dispatch said the new capital will be used to grow the AI team behind its LLSTM model. The company also said its next goal is 50,000 orders a day across five cities.
Dispatch Network's position after its pre-seed round
Dispatch, led by CEO Rajit Arya and Navneeth Kannan, is now backed by Antler India and three angel investors. It delivers in Pune for platforms including Zomato, Swiggy and Zepto. The company said it plans to launch in Mumbai in November 2026.
More funding news
Frequently Asked Questions
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