Funding for FarEye
New Delhi-based logistics software developer FarEye has secured $3.5m in funding from SAIF Partners. FarEye says that its delivery management software “digitizes the end-to-end operations by automating field processes and the workforce”, thereby “ensuring increased on-time deliveries & time bound pick-ups at reduced costs” for its customers.
Kushal Nahata (CEO), Gautam Kumar (COO) and Gaurav Srivastava (CTO) set up the company in 2013. In an interview with TechCrunch published on Friday (24 June), Nahata said that around a third of revenue comes from customers outside India – primarily from South East Asia and the Middle East.