Logistics SaaS startup Fleetx raises Rs 113 crore from Indiamart, Beenext

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Here’s a structured breakdown of the details from the article about Fleetx:

Startup Details

  • Startup Name: Fleetx
  • Location: Gurugram, India
  • Founded: 2017
  • Focus: Logistics SaaS (AI- and IoT-powered solutions)

Funding Details

  • Recent Fundraise Amount: Rs 113 crore (approximately $13.6 million)
  • Funding Series: Not explicitly mentioned, but involves a mix of primary and secondary investments.
  • Date of Fundraise: Mentioned as a Tuesday, but specific date not provided.

Investors

  1. Indiamart Intermesh
  2. Beenext (through its Accelerate Fund)
  3. IndiaQuotient (mentioned in previous funding)

Key Executives

  • Cofounder and CEO: Vineet Sharma

Use of Funds

  • Accelerate product development
  • Scale sales engine
  • Focus on mid-market and enterprise customers in India

Company Performance

  • Annual Recurring Revenue (ARR): Over Rs 100 crore
  • Customer Base: Serves more than 2,000 customers, including over 100 enterprise accounts like Ultratech Cement, Unilever, Adani Group, Godrej, Vedanta, Maersk, and Hindalco.

Previous Funding Round

  • Earlier Fundraise (2022): Raised $19.4 million at a post-money valuation of $75.6 million.

This information captures the essential details about Fleetx, its funding, and its current market position.

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2025-05-27 06:32:00