Freightify Co-Founders Launch ZAR Partners, A $3M LogTech Innovation Fund For Startups
- ByAyushi Ray | August 5, 2021
V Anand Babu and Mohammed Zakkiria co founders, who recently exited Freightify launch ZAR Partners, a $3M LogTech innovation fund for startups. The founders said, “Having spent close to five years since its inception in October 2016, we found immense pleasure in the process of envisioning an idea, which then gave life to products, attracting talent, setting up the right and capable teams, identifying key stakeholders, strategic partnerships, markets for POC before going live in 2018 for marketplace vertical.” “While all this was done, strengthening the core product SaaS was the only agenda. We are grateful for the opportunity and thank all stakeholders involved in this journey of building a strong brand which literally went global and attracted global investors. We are really proud of this progress and wish Freightify God speed!” The experience they acquired while building a LogTech company such as Frightify has helped them think about this LogTech innovation fund to back startups, so that newcomers don’t have to face the same problems they did.
V Anand Babu said, “We are in the process of building ZAR Partners to support startups, create more jobs, attract more investments, and make a bigger impact in the LogTech ecosystem. “We have set steep targets for the next two years and intend to attract funds of $3 million to back disruptive logistics and B2B startups.” both of Friegthtify’s co founders want to work together, they also intend to assist as many startups as possible in this challenging ecosystem, to make Indian Startups as smooth flowing as possible . With ZAR Partners, the duo is keen to share their playbook with the LogTech and Supply Chain tech community while leveraging their expertise and network to fuel the growth of early-stage startups.
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