Fleetx Raises $13 Mn To Help Logistics Companies Digitise Operations

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SUMMARY

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

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…



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Fleetx Raises $13 Mn To Help Logistics Companies Digitise Operations


SUMMARY

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

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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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