Logistics Firm FarEye Acquires IoT Platform Dipper
Saif Partners-backed SaaS company FarEye has reportedly acquired an internet-of-things (IoT) platform called Dipper Technologies which provides visibility and predictability in freight movement.
However, the financial details of the deal have not been disclosed. FarEye recently raised Rs 61 crore in its third round of fundraising and is now expecting to secure more capital next year.
FarEye is a software-as-a-service (SaaS) provider for e-commerce and supply chain logistics companies. It helps logistics firms manage their supply chains and deliveries with its software-as-a-service (SaaS) business model. The company was founded in 2015 and works with international companies such as DHL, Amway and Blue Dart, and claims to back 10 million shipments every day.
“This acquisition will hel...