Freightwalla, a digital freight forwarding startup, has raised $4 million in Series A funding led by global venture capital firms Amplo, FJ Labs and Rogue One Capital. Existing investors Kae Capital and Tekton Ventures also participated in this round. The company was founded by Sanjay Bhatia, Bharat Tanvi and Punit Java in 2017.
It is understood that the company will use the funds in business growth and strengthen its technology.
In a media statement, Sanjay Bhatia, Co-Founder and CEO of Freightwalla said, “We utilised our seed capital to expand our technology platform, improve sales reach, and increase operational capacity to match the demand. Since the last round of funding, we have witnessed 9X growth in our volumes, 8X in revenue, and 5X in our team size. Now, the Series A funds shall be utilised to further expand our geographical reach and upgrade our technical prowess. We expect to grow 10X with the infusion of fresh funds.”
Freightwalla is an India based organisation that focuses on bringing increased value and transparency to international shippers by empowering them with state of the art technology and tools to better organise and monitor their logistics.
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