Funding News: Fleetx raises $2.8 Million in Series A funding round
Founded in 2017, Fleetx.io has raised $2.8 Million ( Rs. 19.91 Cr ) in a Series A funding round led by Singapore-based Beenext, alongside existing investor India Quotient.
This Gurugram-based fleet management platform help fleets to observe and optimize their daily logistics operations. Fleetx uses AI and predictive analytics to help businesses improve their operations efficiently and cost-effectively.
Reflecting on the company’s vision, CEO, and Co-founder of Fleetx, Vineet Sharma, said,
“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 by leveraging artificial intelligence, IoT, and big data technology.”
Snapdeal founders Kunal Bahl and Rohit Bansal, Rajesh Ranavat (MD, LiFung Capital), and Rohan Ranavat (Investor, Temasek Holdings) also participated in this funding round.