FarEye recently closed a Series-A funding round, with SAIF Partners being the investor. It has been working with companies like Blue Dart, DHL, DTDC, Safexpress, Walmart India and Bajaj Capital.
With the recent expansion, the New Delhi-based startup is now present in 15 countries.
“The growth has been organic and exponential. Most of our business came from referrals from our clients“, said Chief Executive Kushal Nahata.
The startup’s solution helps end customers of its clients by giving them the live location of shipments and updating on the estimated time of arrival. Its routing engine assists delivery workforce to move on optimised route, thereby increasing the number of deliveries they can manage.
Analytics helps in predicting delays, measuring the key performance indicators, forecasting demand and offering assistance in understanding where to recruit more workforce. FarEye has plans to integrate with Internet of Things platforms and drones to enable automated delivery.
“We have added new features like demand forecasting and planning, and customer analytics, which help companies in planning their operations, and be prepared for the demand upsurge“, said Chief Technical Officer Gaurav Srivastava.
Source: The Economic Times