HighLeaf led Rs 5 Cr Pre-series A funding raised by TMS platform FreightFox
With participation from Vijender Yadav, Puru Gupta, and Aeravti Ventures, FreightFox, a full-stack Transportation Management System (TMS) and control tower platform, has raised Rs 5 crore in a pre-Series A investment round headed by HighLeaf.
Aeravti Ventures had earlier given the business Rs 2 crore in an angel round in 2020 and Rs 4.5 crore in a seed round in 2023.
According to a news statement from FreightFox, the company will use the additional funds to develop enterprise sales and distribution channels and penetrate foreign markets.
Nitish Rai, Sandeep Mukhopadhyay, Vikas Singh, and Dhananjaya Shetty founded FreightFox in 2020 to offer large manufacturing companies an AI-powered TMS and control tower platform. Freight procurement, execution, shipment monitoring, invoice payment, and sustainability reporting are all covered by its platform.
FreightFox, a Pune-based company, collaborates with companies such as AB InBev, Bridgestone, Coca-Cola, PepsiCo, Hero, CEAT, and Raychem RPG. According to the company, its platform has facilitated over $2 billion in freight procurement and over 6 million journeys.
In India, FreightFox has competition from companies like Freight Tiger, Super Procure, and Pando.
The funding coincides with ongoing investor interest in India’s freight-tech and logistics industries. Businesses that run digital platforms for freight, haulage, and logistics include BlackBuck, Porter, and Cogoport.
