Fleetx Secures Rs 113 Crore Funding
Gurugram-based logistics SaaS startup Fleetx has raised Rs 113 crore in a funding round led by existing investors Indiamart Intermesh and Beenext through its Accelerate Fund. The investment round included a mix of primary and secondary investments.
Fleetx plans to utilize the fresh capital to accelerate its product development and scale its sales engine, focusing on mid-market and enterprise customers across India. According to the company, this funding round provides sufficient runway to become fully profitable within the next year and prepare for future growth.
The funding will enable Fleetx to enhance its logistics SaaS offerings and expand its customer base in India. The company’s growth plans are supported by its existing investors, demonstrating confidence in Fleetx’s business model and potential.
Source: The Economic Times
