Microsoft venture arm leads Series D for India's FarEye

Other private equity investors in the round include Eight Roads, a global investment firm backed by Fidelity International, Honeywell Ventures and SAIF Partners. In 2018, FarEye raised INR615 million in a Series C round led by DHL Deutsche Post.

Founded in 2013, FarEye helps third-party logistics service providers, retailers, manufacturers and e-commerce companies get real-time visibility into the movement of goods. Its predictive logistics platform features an app for order-tracking and machine-learning tools that optimize transportation routes.

Initially used by companies that work with e-commerce enterprises like DHL, Blue Dart, DTDC, among others, its customer base has since expanded to include the likes of Domino’s, Walmart and Amway. FarEye claims that its solution helps support more than 10 million transactions daily and it now works with more than 150 enterprises across 20 countries. 

“From just-in-time logistics optimization to last-mile transportation notifications for end customers, supply chain visibility is a business imperative for organizations. FarEye stands out amongst other supply chain solutions for its orchestration and predictive intelligence capabilities, which equip enterprise customers to respond quickly and strategically in dynamic business environments,” said Abhi Kumar, M12's India head, in a statement.

According to market research firm Gartner, there are a total of 20 vendors offering transportation visibility solutions globally - the list also includes Autoplant in India. 

Pictured: FarEye founders Gautam Kumar, Gaurav Srivastava, and Kushal Nahata.

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• Topics
• South Asia
• Expansion
• Technology
• India
• Eight Roads
• Logistics
• SAIF Partners
• M12