FreightFox, a Pune-based logistics know-how startup, has raised Rs 5 crore in a strategic funding spherical led by HighLeaf.

The spherical additionally included participation from Vijender Yadav, founding father of Accops Methods, Puru Gupta, founder and working associate at Proteus Companions, and current investor Aeravti Ventures.

FreightFox stated the recent capital will probably be used to broaden its enterprise gross sales and channel partnerships in India because the startup additionally appears to enter worldwide markets.

Based in 2020, FreightFox is led by CEO and co-founder Nitish Rai. It operates a Transportation Administration System, or TMS, and management tower platform designed to assist enterprises handle freight operations.

The platform brings collectively freight procurement, execution, cargo monitoring, bill settlement and sustainability reporting. Its management tower additionally gives visibility throughout inbound, outbound and different freight actions.

FreightFox stated it has tracked and managed greater than six million journeys and enabled over $2 billion in freight procurement, whereas greater than $1 billion in freight procure-to-pay transactions have been processed by means of its platform.

The startup works with companies together with AB InBev, Bridgestone, Coca-Cola, PepsiCo, Hero MotoCorp and CEAT.

Rai stated the investment mirrored adjustments going down within the logistics trade as corporations search to attach freight knowledge with operational decision-making.

“There may be growing recognition that freight operations want extra structured techniques,” he stated, including that companies have been trying to scale back guide processes and enhance visibility.

FreightFox previously raised $600,000 in seed funding led by Aeravti Ventures in 2023. On the time, the startup stated the funding will probably be used to develop its platform and broaden into new markets.