Private Equity VC Fund Investments
Logistics platform Fleetx.io raises $19.4 M from Indiamart, IndiaQuotient, others
Source Economic Times (opens in a new tab)Press Release (opens in a new tab)
Gurugram-based fleet management platform Fleetx.io has raised USD 19.4 million in a funding round led by Indiamart, with existing investors IndiaQuotient and Beenext also participating. The fund will be primarily used for hiring, improving product, and scaling.
Fleetx provides internet-of-things and software-based products to help both fleet operators and industries digitise their logistics operations.
From the Venture Intelligence PE-VC Deal Database: Between Feb-19 and Oct-20, fleetx.io raised $6.67 M from Beenext, India Quotient, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)