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Economic Times

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Image Credit: Economic Times

Logistics SaaS startup Fleetx raises Rs 113 crore from Indiamart, Beenext

  • 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.

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