Indian logistics SaaS startup FarEye Raises $100 Million in Series E

by Kay Aloha Villamor in August 24th, 2021

FarEye, The Noida-headquartered startup, has raised $100 million in its Series E round, was co-led by high-profile backers TCV and Dragoneer Investment Group. Existing investors Eight Roads Ventures, Fundamentum, Honeywell also participated in the round.

Company: FarEye/RoboticWares Private Limited

Raised: $100.0M

Round: Series E

Funding Month: July 2021

Lead Investors: TCV and Dragoneer Investment Group

Additional Investors: Eight Roads Ventures, Fundamentum, and Honeywell 

Company Website: https://www.getfareye.com/

Software Category: Intelligent Delivery Management Platform>AI

About the Company: FarEye’s AI-powered functionality optimizes end-to-end deliveries and provides recommendations driven by aggregation of insights. It empowers enterprises to gain real-time visibility, excel in the last mile, and deliver customer delight. FarEye has the vision to use aggregated data and real-time feedback to drive autonomous deliveries with autonomous vehicles and drones. With 17 Gartner mentions, DHL, Hilti, UPS, Gordon Foods, Zalora, and 150 plus customers have laid trust in FarEye as their partner of choice across 30 countries. FarEye is empowering global enterprises to shrink delivery time by up to 27%, increase courier productivity by up to 15%, eliminate risks by up to 57%, and ensure operational excellence.

Source: https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/

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