Logistics platform Wiz Freight raises $3.5 M from Axilor, Arali, Foundamental, others

Chennai-based digital freight management platform Wiz Freight has raised USD 3.5 million (about INR 26 crore) in seed funding led by Axilor. The seed round also saw participation from Arali Ventures and Foundamental, along with angel investors Ramakant Sharma, co-founder of Livspace and Daniel Richner, chairman of the M+R Spedag Group, a Swiss-based logistics firm. Wiz's full-stack platform allows enterprises and small businesses to automate their cross-border logistics operations. The company offers door-to-door multimodal logistics solutions to its customers.