Gurugram-based SaaS startup Fleetx.io raises ₹113 crore in Series C funding led by existing investors IndiaMART Intermesh and BEENEXT’s Accelerate Fund.
Fleetx plans to enhance its product capabilities and strengthen sales operations to expand its footprint among mid-size and large enterprises in sectors like transportation, manufacturing, mining, FMCG, and cement.
Co-founder Vineet Sharma highlights the focus on leveraging AI, serving over 2,000 businesses including Ultratech Cement, Unilever, Adani Group, and implementing aggressive investments in product development.
Fleetx aims for profitability within a year with the fresh funding, with investors like IndiaMART praising their execution, and BEENEXT recognizing their potential to build a globally relevant SaaS business.