Gurugram-based logistics SaaS startup Fleetx raises Rs 113 crore in a Series C round

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Overview of Fleetx Funding

  • Startup: Fleetx
  • Founders:
    • Vineet Sharma
    • Abhay Jeet Gupta
    • Udbhav Rai
    • Parveen Kataria
    • Vishal Misra
  • Founded: 2017
  • Industry: Logistics SaaS (Software as a Service)

Funding Details

  • Funding Series: Series C
  • Amount Raised: Rs 113 crore
  • Date: Not specified (but inferred recent due to context)
  • Investors:
    • Indiamart Intermesh
    • BEENEXT’s Accelerate Fund
    • Other prior investors include IndiaQuotient (from earlier funding)

Previous Funding

  • Previous Fundraise Amount: $19.4 million
  • Date of Previous Fundraise: Early 2022
  • Valuation at Previous Round: $75.6 million
  • Investors in Previous Round:
    • IndiaQuotient
    • BEENEXT
    • Indiamart Intermesh

Key Notes on Fleetx

  • The funding is aimed at strengthening product offerings and expanding market reach among mid-market and enterprise clients in India.
  • Fleetx claims to have quadrupled its annual recurring revenue (ARR) since the last fundraise, surpassing Rs 100 crore.
  • They serve over 2,000 businesses, including notable clients like Ultratech Cement, Hindalco, Adani Group, Maersk, Vedanta, and Unilever.

This information captures the essential details around the funding event and context for Fleetx.

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2025-05-27 11:48:24