Supply Chain platform FreightFox Raises $600K in Seed Funding Led by Aeravti Ventures
- ByStartupStory | October 5, 2023
Pune-based intelligent Supply Chain platform, FreightFox, has announced securing $600,000 in seed funding led by Aeravti Ventures. This investment will be used to further develop their platform and expand into new markets.
FreightFox specializes in optimizing supply chain operations in the first-mile, offering a data-driven multi-modal Transportation Management System (TMS) tailored for manufacturers. Their insights enable proactive decision-making, helping businesses enhance their freight management efficiency.
Nitish Rai, Co-founder of FreightFox, expressed gratitude for the support, saying, “Aeravti Ventures has been an early believer in our platform, and with their backing, we’re poised to boost our data and AI capabilities, streamlining logistics for the manufacturing sector.”
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Shubham Jhuria, Partner & CFO at Aeravti Ventures, shared his confidence in FreightFox, stating, “FreightFox’s comprehensive platform, experienced team, and customer-first approach made our investment decision a no-brainer. We look forward to the value they’ll unlock for global manufacturers.”
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