Fleetx Raises $13 Mn To Help Logistics Companies Digitise Operations
Gurugram-based fleet management and predictive analytics startup Fleetx.io has raised INR 113 Cr (around $13.2 Mn) in a Series C funding round co-led by existing backers IndiaMART Intermesh Limited and BEENEXT’s Accelerate Fund. The round comprises a mix of primary and secondary funding.
With this fundraise, the startup’s post-money valuation reached around INR 1,200-1,300 Cr. LetsVenture said it had clocked 18X returns from Fleetx investment. Fleetx aims to turn profitable within a year, paving the way for a potential IPO.
The funding will help Fleetx to further digitize logistics operations for companies. The startup is focusing on expanding its predictive analytics capabilities to improve fleet management efficiency.
Fleetx’s growth is significant in the LogisticTech sector, which has seen increased investment in recent years due to the growing need for digital transformation in the logistics industry.
