Freightwalla secures $4 million in Series A funding
Digital freight forwarding startup Freightwalla has raised $4 million in Series A funding from a clutch of global investors including Amplo, FJ Labs and Rogue One Capital. Existing investors Kae Capital and Tekton Ventures also participated in this round.
Freightwalla plans to use the funds to improve its technological capabilities and expand geographical reach for a pan-India presence.
“We are using these funds to go very deep in West India and slowly expand to a pan-India presence. We will also be expanding our door-to-door pickup and delivery service, making it available across the country,” Freightwalla co-founder Sanjay Bhatia told ET.
Freightwalla claims to have onboarded about 450 businesses across a range of industries, including pharmaceuticals, engineering and manufacturing, homewares, textiles, food and agricultural products onto its platform.
“The company is uniquely poised to bring price visibility and shipping accuracy to importers and exporters of Indian cargo which ultimately should increase global trade to and from India,” said Amplo founder Sheel Tyle.
The Mumbai-based firm offers a full-stack digital platform for businesses to plan, book and manage their international freight shipments online.
Exporters can compare various service providers between specific destinations based on parameters like cost, transit time to choose their preferred route and providers.
The platform, founded by Sanjay Bhatia, Bharat Thanvi, and Punit Java in 2016, also provides automated workflow management and real-time tracking of shipments, enabling exporters to take corrective action in case of delays in shipment.