Fleetx.io Raises INR 145 Crore in Series B
Fleetx.io, a Gurugram, India-based freight visibility and fleet management platform, has raised INR 145 crores in Series B funding.
The round was led by IndiaMART, with participation from existing investors IndiaQuotient and BEENEXT.
IndiaMART is India’s largest online B2B marketplace, connecting buyers with suppliers across various industries. Founded in 1996, it connects millions of buyers and suppliers across over 98,000 product categories and 56 industries, primarily serving small and medium enterprises (SMEs).
The company will use the funding to invest in talent acquisition, technology enhancement, and global market expansion.
Founded in 2017 by Vineet Sharma and co-founders Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra, Fleetx.io is a cloud-based fleet and logistics optimization platform. Fleetx.io offers a comprehensive suite of IoT and AI-powered software solutions to enhance efficiency, safety, sustainability, and cost-effectiveness across supply chains. Its platform enables real-time fleet visibility, asset utilization, theft prevention, and fuel efficiency. Serving a wide range of industries—including FMCG, automotive, cement, iron & steel, and e-commerce—Fleetx.io is on a mission to empower businesses to digitize their physical operations through a unified platform.
Funding Details
Company: Fleetx Technologies Private Limited
Raised: INR 145 Cr
Round: Series B
Funding Date: May 2025
Lead Investor: IndiaMART
Additional Investors: IndiaQuotient, BEENEXT
Company Website: https://fleetx.io/
Software Category: Freight Visibility / Fleet Management / Logistics SaaS