The Software as a Service start up or the SaaS start up based on the managing of the consignment charges the Freightify has announced that it has gathered an amount of 12 million US dollars on Thursday, 2nd February 2023 in a Series A Funding round.

About the Investment for the Company Freightify

The Series A funding round for the SaaS Start up Freightify was led by Bengaluru based private equity company Sequoia Capital India Advisors private limited. The Series A Funding round also witnessed participation of several other investor including the early stage investment company based in New York the Trail Mix ventures (TMV) and the Venture Capital firm based in Mumbai the Alteria capital Advisors LLP.

Besides these, the Series A funding round also witnessed the participation of the company’s existing investors, the Motion Ventures and Nordic Eye Venture Capital.

The company declared that it wishes to utilise the capital generated from the investors in the Series A funding round in various aspects including the intensifying the product offering and to extend the Sales of the company worldwide. Also, the company wishes to add latest functions and expanded product roadmaps.

Besides this, the company also focuses on creating channel partnerships along with intensifying the marketing of the company to attain growth and create awareness about the brand across the world. The company also plans to recruit employees across various regions.

About the Company Freightify

The Software as a service or (SaaS) start up Freightify was established in the year 2016 founded by Mr Rahavendran Viswanathan. The Headquarters of the company is based in Singapore but the development section based in Chennai, India.

The company offers its services to about 200 companies across the world to digitize their firms in order to trail the locations of the consignment vehicles.