Gurugram-based logistics SaaS startup Fleetx has successfully raised Rs 113 crore in a Series C funding round, marking a significant milestone in its journey to transform the logistics sector in India. The funding round, which includes both primary and secondary components, was announced on May 27, 2025, and is set to fuel the company's growth ambitions.
The investment was led by prominent investors such as IndiaMART and BEENEXT, showcasing strong confidence in Fleetx's innovative approach to logistics management. Founded in 2017, Fleetx offers cutting-edge AI- and IoT-powered solutions that span fleet management, trip intelligence, video telematics, fuel analytics, and transportation management systems (TMS).
With this fresh capital, Fleetx aims to enhance its product offerings and expand its reach among mid-market and enterprise clients across India. The company currently serves over 2,000 customers, including major enterprise accounts like Ultratech Cement, Unilever, and Adani Group, demonstrating its strong foothold in the industry.
Fleetx plans to leverage the funding to accelerate product innovation, strengthen sales operations, and scale its operations to meet the growing demand for digitized logistics solutions. The startup is also eyeing profitability and preparing for a potential IPO within the next couple of years, signaling its long-term vision for growth.
The logistics sector in India is undergoing a digital transformation, and Fleetx is positioned at the forefront of this change. By providing comprehensive tools to optimize fleet operations and improve efficiency, the company is addressing critical pain points for businesses in the transportation and logistics space.
This Series C funding round not only validates Fleetx's business model but also underscores the increasing investor interest in SaaS-based logistics solutions. As Fleetx continues to innovate and expand, it is poised to play a pivotal role in shaping the future of logistics in India.
Maria Lourdes
