# Wiz Logtec Solutions Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wiz-logtec-solutions-pvt

- Industry: Software
- Headquarters: Chennai, India
- Website: www.wizfreight.com
- Total disclosed funding: $21M
- Latest round: Series B (Jan 4, 2024)
- Investors on record: 9

## About

Founded in 2020 by co-founders RamKumar Ramchandran, and RamKumar Govindarajan,and based in Tamil Nadu, India, Wiz Logtec Solutions Pvt Ltd., trading as Wiz Freight, is engaged in the development and provision of logistics solutions that use AI technology. In January 2024, Wiz Logtec Solutions Pvt. Ltd. raised INR 1.25 billion in Series B funding, co-led by investors SBI Investments, and Nippon Express Co., Ltd., with participation from another investor, Unikon Shipping Ventures, Foundamental, Tiger Global Management, Axilor Ventures, and Arali Ventures. The series B funding values Wiz Logtec Solutions Pvt. Ltd. at INR 14 billion post-money. The company operates in multiple locations, including India, the USA, the UAE, Thailand, Singapore, and Hong Kong.
 
Wiz Logtec Solutions offers a suite of freight forwarding services, including ocean, air, and surface transportation. The company utilizes a proprietary order management system (OMS) that allows users to manage logistics operations effectively. The platform's features include real-time quotes and booking shipments quickly. The software allows users to track and monitor shipments from origin to destination with GPS tracking. Additionally, the platform automates the documentation process, reducing errors and ensuring compliance with regulatory requirements. Wiz Logtec provides tools for improved communication and task management among stakeholders, minimizing the reliance on traditional methods like emails and spreadsheets. The company’s service offerings cater to various sectors, focusing on bulk shipping, customs, and trade advisory services for businesses engaged in international trade.
 
The company will use the January 2024 funding to support growth, expand its global operations, improve its platform, and fund general corporate activities.

## Funding rounds

- Series B, Jan 4, 2024, $15M — Tiger Global Management, SBI Investment, Axilor Ventures, Arali Ventures, Foundamental, Nippon Express Co., Ltd., Unikon Shipping Ventures
- Series A, Apr 20, 2022, $0.9M — Alteria Capital, Stride Ventures
- Series A, Mar 15, 2022, $1.9M — Tiger Global Management, Axilor Ventures, Alteria Capital, Arali Ventures, Foundamental
- Seed, Aug 10, 2021, $3.5M — Axilor Ventures, Arali Ventures, Foundamental

## Investors

- Axilor Ventures (https://capitalatlas.ai/funds/axilor-ventures) — Seed, Series A, Series B
- Arali Ventures (https://capitalatlas.ai/funds/arali-ventures) — Seed, Series A, Series B
- Foundamental (https://capitalatlas.ai/funds/foundamental) — Seed, Series A, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A, Series B
- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Series A
- Stride Ventures — Series A
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series B
- Nippon Express Co., Ltd. — Series B
- Unikon Shipping Ventures — Series B