Radar Ventures Pvt Ltd, which operates the full-stack digital cross-border supply chain platform Wiz Freight, will invest Rs 3 billion crore in a research and development center in Chennai for innovations in logistics technology.

The center is being set up with an initial capital investment of Rs 300 million with the company committing to invest the remaining amount in the next three years.

Wiz Freight is backed by major investors such as Tiger Global, Axilor Ventures, Foundamental, Arali Ventures, Stride Ventures and Alteria Capital.

The center, which will employ a team of 300 members, will enable technological innovation in the shipping industry to reduce shipping costs, provide accurate end-to-end visibility, enable better planning and execution of the upstream and downstream supply chain and minimize the ecological footprint.

In a press statement, the company claimed the center will be the largest R&D center in Asia dedicated to cross-border shipping technology.

Founded in 2020 by Ramkumar Govindarajan and Ramkumar Ramachandran, Wiz Freight is a cross-border supply chain startup that enables exports and imports through its platform.