IndiaMART, a B2B marketplace in India, has announced an investment of Rs 91.42 Crores in Fleetx Technologies Private Limited (‘Fleetx.io’). As part of the transaction, IndiaMART has agreed to acquire shares via a mix of primary and secondary share purchases, and its final holding post the round shall stand at 16.53%. Fleetx.io has raised a…
Maker of Budweiser beer – Anheuser Busch InBev, has promoted Vineet Sharma as VP (vice president) – marketing and new business development, South Asia. He had joined AB InBev in 2016 and has previously held the role of trade marketing director for South Asia. Speaking on his appointment, he said, “I am thrilled to embark on this new journey to…
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…
Fleetx.io, a fleet management and predictive analytics startup, announced that the company has raised $2.8 million in a Series A round of funding led by Singapore-based Beenext alongside existing investor India Quotient. The Series A funding round also saw participation from Snapdeal founders Kunal Bahl and Rohit Bansal, Rajesh Ranavat (MD, LiFung Capital), and Rohan…