On Wednesday, Pune-based intelligent supply chain platform FreightFox raised USD 600,000 in seed funding, led by Aeravti Ventures, with participation from strategic founders and top CXOs. This funding will propel FreightFox's platform development and expansion into new markets.
Founded to address the complexities of freight sourcing, FreightFox was initiated by Nitish Rai, CEO and Co-founder, who brings over a decade of supply chain expertise to the table. The company's innovative MVP was launched after securing their first client, even before the official company incorporation in October 2020.
Nitish Rai, Co-founder of FreightFox, remarked, "Aeravti Ventures has been an early believer in our platform. With their support, we're ready to enhance our data and AI capabilities, ultimately streamlining logistics for the manufacturing sector."
Shubham Jhuria, Partner and CFO at Aeravti Ventures, expressed confidence in FreightFox, saying, "FreightFox's comprehensive platform, experienced team, and customer-centric approach make them an attractive investment. We anticipate the value they will bring to global manufacturers."
FreightFox has gained recognition from multiple Fortune 500 companies for its exceptional value proposition and rapid implementation. The company is now positioned for both domestic and international expansion, furthering their commitment to logistics innovation and reshaping the supply chain landscape.
Based in Pune, FreightFox offers a data-driven multi-modal Transportation Management System (TMS) tailored for manufacturers. Their insights empower proactive decision-making, facilitating optimized freight management for businesses.