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Funding · Enterprise Software & IT

FreightFox raises ₹5 crore in pre-Series A round to expand enterprise and global operations

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FreightFox logo
Date
Company
FreightFox
What it does
AI-powered freight management platform
Kind
Funding
Amount
₹5 crore
Stage
pre-Series A
Founded
2020
Sector
Enterprise Software & IT

What they do

FreightFox is an AI-powered freight management platform that helps large enterprises manage procurement, execution, tracking, invoicing, and carbon…

What happened

The company raised ₹5 crore in a pre-Series A round led by HighLeaf, with participation from Vijender Yadav, Puru Gupta, and Aeravti Ventures

Why it matters

The funding will be used to expand enterprise sales, distribution channels, and enter international markets

The details

  • FreightFox has raised ₹5 crore in a pre-Series A funding round led by HighLeaf, with participation from Vijender Yadav, Puru Gupta, and Aeravti Ventures.
  • The company will use the funds to expand enterprise sales, distribution channels, and enter international markets.
  • FreightFox was founded in 2020 by Nitish Rai, Sandeep Mukhopadhyay, Vikas Singh, and Dhananjaya Shetty.
  • It provides an AI-powered Transportation Management System (TMS) and control tower platform for large manufacturing enterprises.
  • The platform covers freight procurement, execution, shipment tracking, invoice settlement, and sustainability reporting.
  • FreightFox has managed more than 6 million trips and facilitated $2 billion in freight procurement.
  • The company works with major enterprises such as AB InBev, Bridgestone, Coca-Cola, PepsiCo, Hero, CEAT, and Raychem RPG.

The bigger picture

  • The funding reflects growing investor interest in India's logistics and freight-tech sector.
  • FreightFox competes with companies like Freight Tiger, Super Procure, and Pando in India's digital freight market.
  • Other players in the logistics ecosystem include BlackBuck, Porter, and Cogoport.

About the business

  • FreightFox provides an AI-powered TMS that helps enterprises manage freight procurement, execution, tracking, invoicing, and carbon emissions on a single platform.
  • The platform integrates procurement, execution, tracking, settlement, analytics, and decarbonization into one system.
  • It reduces freight costs by 8–15%, cuts man-hours spent on procurement by 70%, and lowers unplanned transportation costs by 10%.
  • FreightFox offers real-time visibility across 95% of active shipments.
  • The platform has processed $1 billion in freight procure-to-pay transactions.

What happens next

  • FreightFox plans to expand its enterprise sales and distribution channels in India.
  • The company aims to enter international markets with its freight management technology.

The deal

Type
funding

Investors

  • HighLeaf (lead) — Investment firm focused on early-stage technology startups.
  • Vijender Yadav (participant) — Founder of Accops Systems.
  • Puru Gupta (participant) — Founder and operating partner at Proteus Partners.
  • Aeravti Ventures (participant) — Existing investor in FreightFox.

Founders

  • Nitish Rai, CEO and co-founder
  • Sandeep Mukhopadhyay, co-founder
  • Vikas Singh, co-founder
  • Dhananjaya Shetty, co-founder

About FreightFox

Product
Full-stack TMS and control tower platform covering freight procurement, execution, tracking, invoice settlement and sustainability reporting
Customers
Large manufacturing enterprises managing complex freight operations and logistics networks
How it makes money
B2B SaaS platform for transportation and logistics management with control tower visibility
What sets it apart
AI-powered platform with real-time visibility across inbound, outbound and multi-modal freight movements
Operations
Cloud-based TMS and control tower providing integrated freight management across multiple transport modes

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