# Fleetx Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fleetx-technologies-private

- Industry: Software
- Headquarters: Gurgaon, India
- Website: www.fleetx.io/
- Total disclosed funding: $22M
- Latest round: Series B (Mar 4, 2022)
- Investors on record: 6

## About

Fleetx Technologies, based in India, specializes in optimizing fleet and logistics operations through IoT, Big Data, and AI technologies, enhancing efficiency and safety for various industries.Founded in 2017 and headquartered in Gurgaon, India, Fleetx Technologies Pvt Ltd focuses on providing solutions for fleet and logistics management. The company has successfully secured a total of 7 deals, with its most recent deal occurring on March 4, 2022, during a Series B funding round where it raised INR 1181.04 mn, led by IndiaMART InterMESH Ltd. The founders of Fleetx include Abhay Gupta, Parveen Kataria, Udbhav Rai, Vineet Sharma, and Vishal Misra, with Vineet Sharma serving as the CEO. The total amount raised by Fleetx to date stands at INR 1000.00 mn, with a current company valuation of INR 6505.78 mn.Fleetx Technologies provides an advanced suite of products and services designed to optimize fleet and logistics operations. Their core offerings include a Fleet Management System, Transport Management System, Transport ERP, and Vehicle Telematics. These solutions enhance operational efficiency, safety, and sustainability, enabling clients to monitor vehicle performance in real-time and manage logistics operations seamlessly, catering to diverse sectors such as transportation, logistics, e-commerce, construction, and food and beverages across India and beyond.In the most recent fiscal year 2022, Fleetx Technologies reported revenue of INR 3,305,918.70 and an EBITDA of INR -3,620,165.70. Revenue generation primarily comes from subscription-based models for their software solutions, which allow organizations to access comprehensive fleet and transport management capabilities, tailored to the needs of different clients.In March 2022, Fleetx Technologies raised INR 1181.04 mn in Series B funding, aimed at supporting product development, business expansion, and hiring new staff. The company plans to introduce new products designed to enhance fleet management capabilities, with specific release dates yet to be announced. Furthermore, Fleetx is focusing on expanding its market reach beyond India, targeting regions that have shown potential for logistics innovation. The recent funding will enable these strategic initiatives.

## Funding rounds

- Series B, Mar 4, 2022, $15M — IndiaMART InterMESH Ltd., India Quotient, BEENEXT
- Series A, Oct 3, 2020, $3.2M — India Quotient, BEENEXT
- Series A, Feb 4, 2020, $2.8M — India Quotient, BEENEXT, Titan Capital
- Seed, Feb 4, 2019 — India Quotient, Lets Venture Technologies Private Limited
- Series A, Dec 28, 2018, $0.7M — India Quotient, LVX

## Investors

- India Quotient (https://capitalatlas.ai/funds/india-quotient) — Series A, Seed, Series B
- LVX (https://capitalatlas.ai/funds/lvx) — Series A
- Lets Venture Technologies Private Limited — Seed
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Series A, Series B
- Titan Capital — Series A
- IndiaMART InterMESH Ltd. — Series B