Page 24 - ITLN March - April 2022 issue

Interview
Vineet
Sharma
Towards owning

the execution part

of logistics

Founded in 2017, Fleetx
is an AI-powered freight
movement platform
that helps logistics
stakeholders digitise
their operations
and provide
real-time
actionable
insights
using IoT
and analytics.
In an exclusive
interview, Vineet Sharma,
CEO and co-founder of
Fleetx shared how he will
be utilising the fund they
have raised recently.

Libin Chacko Kurian

leetx, the freight visibility and
fleet management platform,
raised $19.4 million in series
FB funding led by IndiaMart,
with existing investors IndiaQuotient
and BEENEXT also participating. This
is the first big investment received
by a tech-enabled logistics company
and is looking forward to owning the
execution part of logistics. Sharma
informed us that they are onboarding
new and high profile clients and expect
them to acquire or acqui-hire some
supply chain software companies that
can solve more problems for logistics
and enterprise companies.
Fleetx has two sets of customers:
fleet owners as well as manufacturers.

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