Intelligent supply chain startup FreightFox raises $600K led by investors

FreightFox, an intelligent supply chain startup based in Pune, has raised $600,000 in a seed funding round led by Aeravti Ventures.

The startup provides a data-first enterprise transportation procurement and management system to simplify freight sourcing.

With the new funding, FreightFox will focus on developing its platform and entering new markets.

India's supply chain and logistics sector is one of the largest in the world and is worth $250 billion and contributes to India's GDP.

The Indian government has introduced the National Logistics Policy to strengthen the supply chain and grow the logistics sector from $200 billion in 2020 to $320 billion by 2025.