FreightFox raises Rs 5 crore pre-Series A led by HighLeaf
The Pune freight software company has now raised Rs 11.5 crore in total since 2020. No valuation was disclosed.
- FreightFox raised Rs 5 crore in a pre-Series A round led by HighLeaf, with Vijender Yadav, Puru Gupta and Aeravti Ventures participating.
- Total funding since 2020 is Rs 11.5 crore, across a Rs 2 crore angel round in 2020 and a Rs 4.5 crore seed in 2023.
- The platform has managed over 6 million trips and enabled more than $2 billion in freight procurement.
- Clients named include AB InBev, Bridgestone, Coca-Cola, PepsiCo, Hero, CEAT and Raychem RPG.
FreightFox has raised Rs 5 crore in a pre-Series A round led by HighLeaf. Vijender Yadav, Puru Gupta and Aeravti Ventures also participated. The Pune company has now raised Rs 11.5 crore across three rounds since 2020.
The earlier rounds were small. A Rs 2 crore angel round in 2020, then a Rs 4.5 crore seed round in 2023 led by Aeravti Ventures. Entrackr does not report a valuation for the new round, and no revenue figures were disclosed. There are no quotes from founders or investors in the report.
FreightFox was founded in 2020 by Nitish Rai, Sandeep Mukhopadhyay, Vikas Singh and Dhananjaya Shetty. It sells a full stack transportation management system and control tower platform to large manufacturing enterprises. The product covers freight procurement, execution, shipment tracking, invoice settlement and sustainability reporting. The company says it has managed over 6 million trips and enabled more than $2 billion in freight procurement. Clients named include AB InBev, Bridgestone, Coca-Cola, PepsiCo, Hero, CEAT and Raychem RPG. The new money goes to enterprise sales, distribution channels and international markets.
For brands moving physical goods, the client list is the more useful signal than the cheque. Those are large FMCG and industrial shippers, the kind running hundreds of lanes and settling freight invoices by hand. If a company that has raised Rs 11.5 crore in total is servicing that set of names, the software layer over Indian road freight is still thin. Most mid market D2C brands are still working off 3PL dashboards and spreadsheets, and the tooling gap between them and a Coca-Cola is wide.
Read the round size plainly. Rs 5 crore is a bridge, not a scale up cheque. It funds sales hires and an international pilot, not a rebuild. Enterprise logistics software carries long sales cycles and slow procurement, so a company at this stage is usually proving that a named client renews and expands rather than chasing new logos. The Series A is where the trip volume and procurement claims get priced properly.
Zane’s analysis draws on original reporting by Entrackr. Read the original report.