FarEye raises 3.5 million USD in series A funding
By FarEye | June 22, 2016
The mobility platform makes enterprises more responsive and profitable by enabling real time visibility & co-ordination between daily jobs, mobile workers and ondemand consumer requests
Delhi, 22nd June 2016 - FarEye, India’s leading Logistics Management Software, today announced it has just completed its Series A round of funding and has raised $3.5 million (20 crores INR) as growth funds from Saif Partners known for supporting visionary entrepreneurs across the globe.
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.
With successful use cases for Warehousing, First Mile Pick-Up, Milk Runs, Ondemand/Hyperlocal solution, Last Mile Delivery and Reverse pick-ups (90-min & non-time bound) FarEye has become the trusted end-to-end mobility solution for logistics & supply chain leaders. On an average FarEye has been able to increase first time successful job attempts by 22% and save 2.3 man –hours per employee per day.
FarEye is headquartered in New Delhi and is trusted by over 75 clients ranging from the exclusive e-commerce solution providers like Ecom express, Gojavas, Holisol etc to the traditional behemoths like DTDC, Blue Dart, Safe Express, Bajaj Capital, Hitachi etc. Globally FarEye has been able to leave its mark by optimizing and automating logistics operations for companies like Zalora, ACommerce, Sephora, MarkaVIP etc in South East Asia and Middle East. Currently, it has a team of 30 and they plan to expand the team for sales, delivery & product and would reach a number of 60 in next few months.
CEO & Co-Founder | FarEye
Co-Founder | FarEye
CTO & Co-Founder | FarEye
FarEye’s Delivery Management platform turns deliveries into a competitive advantage. Retail, e-commerce and third-party logistics companies use FarEye’s unique combination of orchestration, real-time visibility, and branded customer experiences to simplify complex last-mile delivery logistics. The FarEye platform allows businesses to increase consumer loyalty and satisfaction, reduce costs and improve operational efficiencies. FarEye has 150+ customers across 30 countries and five offices globally. FarEye, First Choice for Last Mile.
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