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§ Private Profile · Gurgaon, Haryana, India
AI-driven fleet management platform offering IoT and software solutions for logistics and transportation, focused on digitizing operations.
Based in Gurugram, India, fleetx.io is a technology company that provides an artificial intelligence-driven fleet management and predictive analytics platform for the logistics and transportation sectors. The company develops integrated Internet of Things and software solutions that utilize machine learning algorithms and hardware sensors to digitize complex supply chain operations and continuously monitor vehicle health. By centralizing transportation data into a single interface, the platform delivers real-time actionable insights designed to reduce operational costs, improve driver safety, and increase overall productivity for commercial fleet owners. Operating with a workforce of approximately 432 employees, the enterprise is backed by prominent venture capital firms and corporate investors including Sequoia Capital India, India Quotient, and IndiaMART. Fleetx.io was established in 2017 by co-founders Vineet Sharma, Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra.
fleetx.io has raised $38.8M across 5 funding rounds.
fleetx.io has raised $38.8M in total across 5 funding rounds.
fleetx.io has raised $38.8M in total across 5 funding rounds.
fleetx.io's investors include BEENEXT, Intudo Ventures, MYASIAVC PTE LTD, Rajesh Ranavat, IndiaMart, India Quotient, 2050 Capital, Accel, Addition, Angular Ventures, Boldstart Ventures, Cedar Capital Group.
Fleetx.io is an AI-powered fleet and logistics management software platform that digitizes operations using IoT, big data, and AI to optimize efficiency, safety, and costs for businesses.[1][2] It serves sectors like construction, passenger transit, e-commerce logistics, and cold chain, offering tools such as fleet management systems, transportation ERP, predictive maintenance, fuel management, and video telematics to provide real-time visibility, actionable insights, and workflow automation.[1][2][3] The platform helps fleet owners make smart decisions through features like route optimization (Fleetx Drive), asset management (Fleetx Easy), tracking dashboards (Fleetx Pulse), and expense tracking (Fleetx Finance), driving impact such as 20-39% improvements in visibility, deliveries, and turnaround times for customers like Shivani Carriers and Star Cement.[3][4]
Fleetx was founded in 2017 in Gurugram (Haryana), India, by a team including Sachin Jain of JCCI Logistics, motivated by the logistics industry's reliance on traditional methods and lack of technology penetration.[2][4] The idea emerged from network discussions highlighting huge problems in fleet and logistics operations, leading to a startup five years prior to their profile document (aligning with ~2017-2018 origins) aimed at building tech solutions for end-to-end digitization.[4] Early traction came from partnering with India's largest organizations, delivering quick wins like real-time tracking and customization, with PAN India support and case studies showing rapid efficiency gains for clients in cement, carriers, and transport.[1][4]
Fleetx rides the supply chain & logistics tech wave, part of a 4,820-company ecosystem addressing trucking, last-mile, and inventory challenges amid auto tech trends like vehicle connectivity and software-defined operations.[2] Timing aligns with India's logistics digitization push, where IoT/AI penetration is low but demand surges from e-commerce growth, cold chain needs, and regulatory tools like e-Way bills.[1][4] Market forces favoring it include rising fuel costs, safety regulations, and multimodal transport complexity, positioning Fleetx to influence the ecosystem via OEM integrations and tools like Fleetx Academy for certified professionals, competing with players like Shipsy and Freight Tiger while expanding real-time visibility PAN India.[2][5]
Fleetx is poised for accelerated growth through deeper AI-driven predictive features, expanded video telematics, and global OEM partnerships, capitalizing on logistics' tech adoption boom.[1][5] Trends like sustainable fleets, autonomous trucking integration, and AI-optimized supply chains will shape its path, potentially evolving it into a dominant player influencing India's $200B+ logistics market via ecosystem-wide standards in safety and efficiency.[2][6] This builds on its foundational mission to tech-transform a fragmented industry, delivering sustained value from real-time insights to cost mastery.
fleetx.io has raised $38.8M across 5 funding rounds. Most recently, it raised $13.0M Series C in May 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2025 | $13M Series C | — | Beenext, Intudo Ventures, MYASIAVC PTE LTD, Rajesh Ranavat | Announced |
| Feb 1, 2022 | $19M Series B | Indiamart | Beenext, MYASIAVC PTE LTD, Rajesh Ranavat, India Quotient | Announced |
| Oct 1, 2020 | $3M Series B | Beenext, India Quotient | MYASIAVC PTE LTD, Rajesh Ranavat | Announced |
| Feb 1, 2020 | $3M Series A | — | Beenext, MYASIAVC PTE LTD, Rajesh Ranavat | Announced |
| Feb 1, 2019 | $750K Seed | — | 2050 Capital, Accel, Addition, Angular Ventures, Boldstart Ventures, Cedar Capital Group, TOM Hulme, Heavybit, Inba Shenfeld Holdings, MYASIAVC PTE LTD, Alex Kayyal, Ameet Patel | Announced |