Gurugram-based logistics SaaS startup Fleetx raises Rs 113 crore in a funding round led by Indiamart Intermesh and Beenext's Accelerate Fund.
Fleetx plans to utilize the funding to accelerate product development, scale its sales engine, and focus on mid-market and enterprise customers.
The company aims for profitability within the next year and plans for IPO readiness by leveraging its logistics data points for AI solutions.
Fleetx, founded in 2017, offers AI- and IoT-powered solutions across fleet management, trip intelligence, video telematics, fuel analytics, transport ERP, and TMS, serving over 2,000 customers including marquee names like Ultratech Cement, Unilever, and Maersk.