Fleetx.io, Gurgaon, Haryana-based freight and fleet management software which helps fleet operators and businesses to digitize their operations and improve safety and efficiency, announced that it raised $19.4 million in Series B funding.
The round was led by B2B marketplace IndiaMART, along with participation from existing investors IndiaQuotient and BEENEXT, bringing a total raised to Rs 145 crore.
This investment will help Fleetx.io accelerate customer-focused innovation, recruit talent, expand our sales and customer success capabilities. Fleetx.io will also use the funds to scale the team further to help achieve its mission of digitizing fleet and logistics operations to improve efficiency, safety and reduce cost.
Company: Fleetx Technologies Private Limited
Raised: $19.4M
Round: Series B
Funding Month: February 2022
Lead Investors: IndiaMART
Additional Investors: IndiaQuotient and BEENEXT
Company Website: https://www.fleetx.io/
Software Category: Freight and Fleet management software
About the Company: Fleetx is an AI-Driven Freight Movement Platform that helps supply chain and logistics stakeholders digitize their operations and helps them make smart decisions based on real-time actionable insights. Fleetx.io is freight and fleet management software that helps fleet operators and businesses to digitize their operations and improve the safety, efficiency, and sustainability of their vehicles and operations. FleetX has been able to validate and scale an innovative IoT and SaaS-based solution to this problem. Fleetx’s mission is to build a data platform to help the fleet make smart decisions in a cost-effective & secure way.
Source: https://www.fleetx.io/blog-announcing-fleetxs-19-4-million-funding-to-drive-freight-digitisation/
https://www.businesstoday.in/latest/corporate/story/indiamart-to-invest-rs-91-crore-in-logistics-saas-platform-fleetx-323408-2022-02-21