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.