Gurugram based raises $19.4M in Series B round

FleetX, a Gurugram-based freight visibility and fleet management platform, announced on Tuesday that it has raised $19.4 million in Series B funding led by IndiaMart, with existing investors India Quotient and BEENEXT participating.

Vineet and his co-founders Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra launched the company in 2017. It promises to provide a set of IoT and software-based technologies to help fleet operators and industries digitise their logistical operations and increase the safety, efficiency, and long-term viability of their vehicles and operations.

Over 400+ customers are being served by, which claims to give visibility and analytics. It helps fleet owners and industries increase their efficiency by combining AI, big data, and predictive analytics.

Real-time visibility, asset utilisation, theft avoidance, fuel savings, and increased vendor performance are all included in the setup.

What do you think?


Leave a Reply

Your email address will not be published. Required fields are marked *



Pharma startup V-Ensure raises Rs 130 Cr in Funding

Facilio Raises $35M in Series B Funding