Company accelerates its global expansion as enterprises move towards customer-centric supply chains
FarEye, a leading logistics SaaS platform for predictive visibility recently announced that it has raised additional US$ 13mn as an extension to its Series D investment led by The Fundamentum Partnership, the growth-capital fund for mid-stage technology companies in India.
The investment will accelerate FarEye’s global expansion to address the steepening digital curve for logistics transformation. The need is being further accelerated by enterprises and end consumers demanding a high level of transparency, faster and more convenient delivery experiences. There is also an increased need for flexible supply chains to meet these demands.
FarEye works with its enterprise customers to provide higher control on their supply chains and offer a superior delivery experience to their end customers. The company’s technology platform digitizes the way enterprises dispatch, execute, track, and optimize the movement of goods, enabling enterprises to lower logistics costs while responding to consumers’ needs.
“With a vision to make FarEye one of the most customer-centric organizations globally, we aim to make every delivery delightful for the consumers,” asserted Kushal Nahata, CEO, FarEye.
“FarEye has captured the pulse of this industry and has all the ingredients to head towards global leadership. We are excited to partner with FarEye in its journey to create a global technology leader in the logistics space,” commented Sanjeev Aggarwal, Co-founder, Fundamentum.
FarEye’s recent success in Europe with marquee customers like the leading postal and logistics service company in Finland and a leading American e-commerce company among others has fueled its focus for rapid expansion in the region.
