India's premier tech-driven asset monitoring, fleet management, and vehicle tracking platform Roadcast recently closed its Angel round of funding, which saw participation from HNIs from UAE. The round saw Roadcast raising USD 250,000, which it aims to invest in expanding its operations across major cities in India, with a focus on particular states such as Punjab, Rajasthan, MP, Maharashtra, Uttar Pradesh & Gujarat.
Roadcast has been making waves in the fleet management and asset tracking industry, having recently teamed up with Delhi Police to manage the entire police fleet movement and equip the force’s vehicles with the latest communication and tracking devices. The funding received will serve as a shot-in-the-arm to the organization’s Research & Development, product structuring, PR and advertising operations, while also helping it to grow in terms of members as well as infrastructure.
Commenting on its angel round of funding, Mr. Rahul Mehra, Co-Founder, Roadcast said, “As a technology company, we have tried to create a venture by building various solutions around the same tech rather than just creating a product. This has given our product offering high scalability, while not compromising on being adaptive to individual client’s needs and customizing our services accordingly. This aspect of Roadcast’s on-road asset management solutions, combined with our unrelenting focus on innovation, has contributed to a successful angel funding round.”
Mr. Vishal Jain, Co-Founder, Roadcast added, “We aim to primarily allocate the funds to further strengthen our research efforts, as tech development in the sphere of an on-field asset management platform requires a significant amount of capital. Furthermore, expanding into various cities requires initial setup investment, which will also feature extensively in our fund allocation strategy.”
From remote vehicle tracking, geo-fencing to auto-cutting ignition or petrol supply. Roadcast’s solutions enable businesses with constantly moving on-field resources, such as sales force, delivery vehicles etc. to develop the most productive supply chain management solutions by optimizing resource movement, thus cutting down on costs and increasing ROI significantly. With Mr. Anshul Jain’s (Co-founder, Roadcast) technological expertise Roadcast’s technical inventory is constantly equipped to meet the demands of the industry.