Logistics startup Fleetx secures $2.8 million in series A round funding

Gurugram-based logistics startup Fleetx has announced that it has secured $2.8 million in series A round funding from Singapore based Venture capital firm Beenxt with its existing investor India Quotient.

The new round funding led by Beenext has also saw the participation of individual investors as Kunal Bahl, Rohit Bansal, Rajesh Ranavat and Rohan Ranavat.

“The company will use the new round funding for operation expansion in other cities, development of product and technology as well as for hiring,” company in its statement said.

Founded by Vineet Sharma, Abhay Jeet Gupta, Udbhav Rai, Praveen Kataria, and Vishal Misra, Fleetx offers a suite of software-based products to help a fleet of all sizes to monitor and optimize their daily logistics operations by leveraging artificial intelligence, big data, and predictive analytics.