FarEye, Logistics Management Software, has raised Series A round of funding of $3.5 million (20 crores INR) as growth funds from Saif Partners.
The funds raised are purely growth funds and this amount will be used for business expansion to other territories. FarEye wants to capitalize on their logistics management expertise and help enterprises across the globe streamline their logistics.
FarEye is a productivity tool for enterprises as well as the workforce - FarEye has a strong road-map of product enhancement for next 12 months and adding new features regularly. They plan to integrate with IoT platforms & drones to enable automated delivery.
Established in 2013 by Kushal Nahata, Gaurav Srivastava and Gautam Kumar, FarEye was launched with an aim to solve the complicated last mile delivery issues on a mobile platform. The aim of FarEye was to solve the critical problems faced by any business - real time coordination between employees on the go, job execution and customer requests; by moving operations on a mobile. Through FarEye’s automation software companies can schedule & dispatch jobs, monitor execution and analyze performance; all in real time – making enterprises more effective and streamlined. With this FarEye helps companies in selling the experience and not just the product.