Logistics Management Software Provider FarEye Raises $3.5 Million
FarEye, a logistics management software provider, today said it has raised USD 3.5 million (Rs 20 crore) from SAIF Partners.
The series A funding will be used for business expansion to other territories, FarEye said in a statement.
There is a strong road-map of product enhancement for next 12 months and new features will be added regularly, it added.
The company plans to integrate with IoT platforms and drones to enable automated delivery.
"We are profitable B2B startup and believe in organic growth. Plagued by operational inefficiencies and high costs, the USD 60,000 billion logistics industry provides a huge opportunity to FarEye. We are here to streamline logistics in all industry verticals," FarEye co-founder Kushal Nahata said.
Established in 2013 by Kushal Naha...