Fleetx raises Rs 113 Cr in Series C led by IndiaMART and Beenext

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Here’s a structured summary based on the information provided:

Fleetx Summary

  • Startup: Fleetx
  • Founded: 2017
  • Founders:
    • Vineet Sharma
    • Abhay Jeet Gupta
    • Udbhav Rai
    • Parveen Kataria
    • Vishal Misra

Fundraising Details

  1. Series C

    • Amount Raised: Rs 113 crore ($13.2 million)
    • Date: Recent (exact date not specified)
    • Lead Investors:
      • IndiaMART Intermesh
      • BEENEXT’s Accelerate Fund
    • Type: Includes both primary and secondary transactions.
  2. Series B
    • Amount Raised: $19.4 million
    • Date: February 2022
    • Lead Investor: IndiaMART
    • Other Participating Investors:
      • IndiaQuotient
      • BEENEXT

Additional Information

  • Primary Focus: Logistics SaaS operating at the intersection of AI and IoT (fleet management, fuel analytics, video telematics, etc.)
  • Current Clients: Over 2,000 clients including large enterprises like Ultratech Cement, Adani Group, Unilever, etc.
  • Growth: Fleetx claims to have grown 4x since its last funding round in 2022 and has crossed Rs 100 crore in Annual Recurring Revenue (ARR).
  • Profitability Plans: Aiming for profitability and IPO-readiness within the next two years.

This should give a comprehensive overview of Fleetx’s recent funding and organizational details.

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2025-05-27 05:09:48