Fleetx.io, a Gurugram-based intelligent operating system to optimise fleet and logistics operations, announced that it had raised $3.1 million in pre-Series B funding from existing investors, including Singapore-based Beenext and India Quotient, according to YourStory report.
Founded in 2017 by Vineet Sharma, Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra, Fleetx is an intelligent fleet management platform that helps fleet owners make smart decisions based on real-time insightful analytics. It helps to maximize profit by monitoring the fleet’s health & performance under a centralized platform, accessible from anywhere.
Earlier this year, Fleetx had raised $2.8 million in Series A funding round from Beenext, IndiaQuotient, Titan Capital, and some angel investors.
The startup said it would use the additional funds for scaling in India and other markets, strengthening product and technology, and hiring talent.
Commenting on the development, Vineet Sharma, CEO and Co-founder, Fleetx said, “We are already at pre-COVID growth numbers and see a significant demand surge for software and digitisation in the near future. We will use these funds to tap post-COVID digitisation opportunities by strengthening our product/tech even further and expanding our presence in India and other markets.”
“Fleetx has built a product that is conquering vertical by vertical in what many perceive a crowded space. The team consistently delivers world-class SaaS key performance indicators,” said Dirk Van Quaquebeke, Managing Director at Beenext.
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