FarEye, a New Delhi, India-based SaaS logistics platform, raised $25m in Series D funding.
The round was led by M12 (Microsoft’s venture fund) with participation from Eight Roads Ventures and Honeywell Ventures and existing investor SAIF Partners.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2013 by Kushal Nahata, Gaurav Srivastava and Gautam Kumar, FarEye provides a SaaS based, machine-learning powered predictive logistics platform that enables enterprises to orchestrate, track, and optimize their logistics operations. Today, the company is present across 20 countries and has traction with more than 150 global Retailers, CPG companies and Logistics & Transportation providers including DHL, Amway, Dominos, Walmart, Johnson & Johnson and Hilti.