Fleet management startup Fleetx raises $2.8M in Series A, Technology News, ETtech

Fleet management startup Fleetx raises $2.8M in Series A
Gurugram-based fleet management company Fleetx.io has raised $2.8 million in a Series A round led by Singapore-based Beenext, alongside existing investor India Quotient. Snapdeal founders Kunal Bahl and Rohit Bansal, Rajesh Ranavat (MD, LiFung Capital) and Rohan Ranavat (Investor, Temasek Holdings) also participated in the round.

Fleetx will use the fresh funds for expanding in India and other markets, strengthening product and technology and hiring talent.

The startup was founded in 2017 by Vineet Sharma, with co-founders Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria and Vishal Misra.

The startup offers a suite of software-based products to help fleets of all sizes to monitor and optimise their daily logistics operations. It uses artificial intelligence and predictive analytics to help them improve operations.

“Our mission is to build an operating system for the fleet and logistics industry which gives real-time visibility of end-to-end operations and helps fleet owners in reducing the operations cost and increase productivity,” said Sharma.

Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!