Monday, July 22, 2024
Outlook.com
Outlook India
Outlook Business

FreightFox Raises $600,000 In Seed Funding Led By Aeravti Ventures

Pune-based FreightFox is set for rapid domestic and international expansion after this capital infusion

FreightFox Raises $600,000 In Seed Funding Led By Aeravti Ventures
FreightFox's co-founders Nitish Rai, Sandeep Mukhopadhyay, Manjari Sharma and Vikas Singh
POSTED ON October 05, 2023 4:40 PM

FreightFox, a Pune-based supply chain platform, has secured $600000 (Rs 5 crore) in seed funding from Aeravti Ventures, with additional participation from strategic founders and top CXOs. This investment will empower the start-up to further develop its platform and penetrate new markets. 

FreightFox attempts to streamline and optimise supply chain operations in the first mile. By emphasising efficiency and visibility, the platform builds on top of varied data with a proprietary Freight-IQ module to provide superior end-to-end supply-chain management. 

"Aeravti Ventures has been an early believer of our platform and with their backing, we're poised to boost our data and AI capabilities, streamlining logistics for the manufacturing sector," said Nitish Rai, co-founder of FreightFox. 

"FreightFox's comprehensive platform, experienced team, and customer-first approach made our investment decision a no-brainer. We look forward to the value they'll unlock for global manufacturers," commented Shubham Jhuria, partner and CFO at Aeravti Ventures. 

The start-up offers a data-driven multi-modal transportation management system (TMS) tailor-made for manufacturers. Their insights facilitate proactive decision-making, propelling businesses towards optimised freight management. 

  • Related Articles

    In November 2021, Mensa Brands raised $135 million at a valuation of more than $1 billion, making it a unicorn

    Mensa Brands Raises $40 Million In Growth Capital From EvolutionX

    The fresh round of funds will be channelled into product and go-to-market teams in India to power ClearFeed’s next stage of growth

    ClearFeed Raises $2.7 Million In Seed Funding To Aid Slack And Teams-Based Customer Service In India

    Roopya helps lenders of all sizes and over 100,000 LSPs get access to state-of-the-art lending infrastructure and risk analytics on SaaS

    Roopya Raises Rs 5.09 Crore In Pre-Seed Round Led By 100X.VC