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India based full-stack digital freight company, Wiz Freight has raised Rs 20 crore from Stride Ventures.
Wiz Freight is an end-end shipment management solutions provider that offer price discovery, booking management, shipment tracking, documentation, shipment finance and customer support.
The company offers solutions across ocean, air and road freight.
Speaking on the funding in Wiz Freight, Ishpreet Singh Gandhi, Founder of Stride Ventures, said “Wiz Freight has been successful in growing consistently and on boarding key corporates while sustaining margins in a highly volatile freight market.”
“In spite of the pandemic affecting the wider freight and logistics industry, the large-scale digitization has led to newer solutions. With Wiz, we are very keen and excited to be a part of their journey towards expanding global reach and creating disruptions in the international supply chain,” Gandhi added.
Speaking on the fundraise, Ramkumar Govindarajan, Co-founder of Wiz Freight, said “Cross-border shipping has been the backbone of global trade and the last 2 years have seen unprecedented disruptions in the international supply chain driving prices and inventory shortages.”
“We have been able to help our customers minimize disruptions with better visibility, planning and real-time shipment control using our tech-platform. We have grown 25x in the last 12 months and have established a presence across 10 Indian cities. We are planning to invest in hiring, tech development and global expansion in 2022. We are happy to partner with Stride Ventures in this journey,” Govindarajan added.