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Intelligent supply chain startup FreightFox raises $600K led by investors

IndianStartupNews

IndianStartupNews · 1y ago

Intelligent supply chain startup FreightFox raises $600K led by investors

Pune-based startup FreightFox has secured $600,000 in a seed funding round led by Aeravti Ventures, with participation from founders and CXOs. The company, founded in October 2020, provides a data-first enterprise transportation procurement and management system to simplify freight sourcing for the manufacturing logistics sector. The funding will be used to develop the platform and expand into new markets. The Indian logistics sector, which contributes to 14.4% of the country's GDP, is growing rapidly, with the government's National Logistics Policy aiming to increase its value to $320 billion by 2025.

Related News

Crop price and mandi discovery platform ONO raises seed round

Entrackr

Entrackr · 1y ago

Crop price and mandi discovery platform ONO raises seed round

Agritech startup ONO has raised Rs 11 crore in its seed round led by Aeravti Ventures, with participation from Indigram Labs. The proceeds will be used to empower the agricultural supply-chain, and inclusive economic growth opportunities for farmers and ecosystem players across India’s APMC/MANDI network. Founded by Rama Rao Kancharapu, ONO is a crop price and mandi discovery platform for farmers. According to the company, its multisided agritech platform promotes transparency and increases trust across the agri ecosystem. The startup helps in providing access to formal credit, price intelligence, market discovery, and operational inefficiencies. Since its inception, ONO claims to have made significant strides, operating in six states across 45 APMCs/MANDIs, with over 30,000 partners onboarded and transactions spanning seven commodities. Early-stage venture capital firm Aeravti Ventures announced the first close of its inaugural Rs 100 crore fund in May last year. Soon after the fund launch, it invested in intelligent supply chain platform FreightFox.

Anscer Robotics raises $2 mn in funding to drive global expansion

Inshorts · 5m ago

Anscer Robotics raises $2 mn in funding to drive global expansion

Anscer Robotics, a Bengaluru-based developer of intelligent autonomous mobile robots (AMRs), has raised $2 million in a seed funding round led by Info Edge Ventures. The startup designs advanced robotic solutions for manufacturing and supply chains, helping enterprises streamline their operations with automation.

Bengaluru-based B2B supply chain fintech startup QuiD raises Rs 5Cr

IndianStartupNews

IndianStartupNews · 1y ago

Bengaluru-based B2B supply chain fintech startup QuiD raises Rs 5Cr

Bengaluru-based fintech startup QuiD has secured INR 5 crore ($670,000) in a pre-seed funding round. The round was led by Mint Cap Enterprises and Stone Park Capital, with participation from angel investors such as Sushant Kumar of Omidyar Network. QuiD plans to use the fresh capital to enhance its technological capabilities and deepen its engagement with existing clients and partner lenders. The startup focuses on anchor-led financing for retailers, providing working capital support to various stakeholders in the supply chain. QuiD is also forming strategic partnerships with offline and online eCommerce marketplaces.

Tiger Global-funded Bizongo raises $50 Mn in Series E

Entrackr

Entrackr · 1y ago

Tiger Global-funded Bizongo raises $50 Mn in Series E

Bizongo, an e-commerce focused packaging company, has raised $50 million in a Series E funding round led by existing investor Schroder Adveq. The funding, which values the startup at $980 million, comes after a gap of over a year. Bizongo offers vendor management, supply chain automation, and supply chain financing services to its enterprise customers. The company aims to post a profit before tax in the fiscal year ending March 2024.

Agri-supply chain startup Bull Agritech raises $100K

IndianStartupNews

IndianStartupNews · 1y ago

Agri-supply chain startup Bull Agritech raises $100K

Bull Agritech, an agri-supply chain startup, has secured $100,000 in funding led by notable investors including the founders of BuilditIndia. The company plans to use the funds to expand its operations, double the number of collection centres, and diversify its commodity portfolio. Bull Agritech aims to leverage technology to enhance the efficiency of the non-perishable agri-trade system, benefiting farmers by providing market access, price discovery, and logistical efficiency. The startup claims to have facilitated trades worth Rs 35 crore and is experiencing significant growth in its user base.

Supply chain finance startup Cashinvoice raises $3.4 million in funding round led by Pravega Ventures

Economic Times

Economic Times · 1y ago

Supply chain finance startup Cashinvoice raises $3.4 million in funding round led by Pravega Ventures

Supply chain finance platform Cashinvoice has raised $3.4 million in a Series A funding round led by Pravega Ventures. Other institutional investors participating in the round include HDFC Bank and existing investor Accion Venture Lab. Cashinvoice plans to disburse loans worth $2.4 billion to micro, small, and medium enterprises by FY25. The funding will also be used to expand the company's network into tier 2 cities and beyond. Cashinvoice specializes in digital lending and algorithmic discovery for supply chain finance.

Climate tech startup GreenStitch raises $1.2 million from Equirus InnovateX Fund, others

Economic Times

Economic Times · 6m ago

Climate tech startup GreenStitch raises $1.2 million from Equirus InnovateX Fund, others

Climate tech startup GreenStitch has secured $1.2 million in funding led by Equirus InnovateX Fund, with support from Ivycap Ventures, Warmup Ventures, Zeca Ventures, and angel investors. The funds will enhance team expansion and product development. GreenStitch helps fashion and textile industries comply with emerging climate regulations by streamlining supply chain data and employing AI for decarbonization and predictive modeling. Currently, it serves over 20 customers across six countries, aiming to expand its client base significantly.

Tiger Global-backed Wiz Freight raises $11.24 million in Series B

Entrackr

Entrackr · 1y ago

Tiger Global-backed Wiz Freight raises $11.24 million in Series B

Chennai-based supply chain startup Wiz Freight has raised $11.24 million in a Series B funding round led by SBI Investments. Other investors include Tiger Global, Nippon Express Fund, and Axilor Technologies Fund. Wiz Freight plans to utilize the funds for growth, expansion, and general corporate activities. The company, which offers end-to-end shipment management solutions, saw a significant increase in revenue and turned profitable in FY22. This latest round brings the total funding raised by Wiz Freight to over $50 million.

Mintifi raises $180 million in funding, valuation soars to $850 million

Livemint

Livemint · 8m ago

Mintifi raises $180 million in funding, valuation soars to $850 million

Supply-chain financing startup Mintifi Finserve has raised $180m in a Series E funding round led by Teachers’ Venture Growth and Prosus. Existing backer Premji Invest also participated in the round. The funding comprises both primary and secondary transactions, with $100m representing a primary capital infusion and the remainder facilitating liquidity for early investors. Mintifi plans to use the funding to expand its offerings, including dealer management systems, loans against property, domestic and overseas factoring, and AI-driven solutions.

Supply chain start-up QuiD raises ₹5 crore

Thehindubusinessline

Thehindubusinessline · 1y ago

Supply chain start-up QuiD raises ₹5 crore

QuiD, a Bengaluru-based supply chain fintech start-up, has raised ₹5 crore in pre-seed funding. The funding round was led by Mint Cap Enterprises and Stone Park Capital, with participation from angel investors including Sushant Kumar of Omidyar Network. The funds will be used to enhance technology capabilities and strengthen relationships with existing clients and partner lenders. QuiD aims to leverage technology, data science, and blockchain to improve access to credit for the anchor and retailer community at the invoice level. Supply chain financing is a market estimated to be around ₹20-lakh crore according to an RBI report.

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