{"id":4857,"date":"2016-06-23T16:18:09","date_gmt":"2016-06-23T10:48:09","guid":{"rendered":"https:\/\/startup-buzz.com\/?p=4857"},"modified":"2016-06-23T16:18:09","modified_gmt":"2016-06-23T10:48:09","slug":"fareye-mobility-platform-logistics-operations-raises-3-5mn-series-funding-round-saif-partners","status":"publish","type":"post","link":"https:\/\/startup-buzz.com\/?p=4857","title":{"rendered":"FarEye, Mobility platform for Logistics Operations, raises $3.5mn in Series A funding round from Saif Partners"},"content":{"rendered":"
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The mobility platform makes enterprises more responsive and profitable by enabling real time visibility & co-ordination between daily jobs, mobile workers and on-demand consumer requests<\/em><\/p>\n<\/blockquote>\n

Delhi, 23rd<\/sup>\u00a0June \u00a02016<\/strong>:\u00a0FarEye, India\u2019s leading Logistics Management Software, today announced it has just completed its Series A round of funding and has raised\u00a0$3.5 million (20 crores INR)\u00a0<\/strong>as growth fundsfrom Saif Partners known for supporting visionary entrepreneurs across the globe.<\/p>\n

The\u00a0funds 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.<\/p>\n

Commenting on the company\u2019s vision,\u00a0Mr. Kushal Nahata<\/strong>, Co-founder said\u00a0\u201cWe are profitable B2B startup and believe in organic growth. Our vision is to create a global technology company which stays for decades. We might take time to understand but would like to build things to last long. We are in the path of\u00a0 revolutionizing the entire delivery mechanism by creating the largest virtual network of delivery workforce across regions. Plagued by operational inefficiencies and high costs, the $60,000 billion logistics industry provides a huge opportunity to FarEye. We are here to streamline logistics in all the industry verticals.\u201d<\/em><\/p>\n

Established in 2013 by Kushal Nahata, Gaurav Srivastava and Gautam Kumar,\u00a0FarEye\u00a0was 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.\u00a0Through FarEye\u2019s automation software companies can schedule & dispatch jobs, monitor execution and analyze performance; all in real time \u2013 making enterprises more effective and streamlined. With this FarEye helps companies in selling the experience and not just the product.<\/p>\n

With successful use cases for Warehousing, First Mile Pick-Up, Milk Runs, On-demand\/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.\u00a0On an average FarEye has been able to increase first time successful job attempts by 22% and save 2.3 man \u2013hours per employee per day.<\/strong><\/p>\n

Mr. Gautam Kumar<\/strong>, Co-Founder,\u00a0FarEye\u00a0further adds\u00a0“We don\u2019t believe \u2018one solution fits all\u2019 mantra \u2013 we believe that each client has unique requirements and should be provided with a tailor \u2013 made solution to address critical operational challenges. In today\u2019s digital age where brand loyalty is redundant, we ensure that our customers deliver on-time commitment and provide exemplary services to their end customer.\u201d<\/em><\/p>\n

According to the\u00a0Mr. Gaurav Srivastava,\u00a0<\/strong>CTO & Co-Founder\u00a0\u201cIt is a known fact that logistics is both- the key to success and cause for failure. We understood that\u00a0logistics\u00a0<\/strong>segment required streamlining and restructuring to cater to the ever-growing e-commerce segment in India. Having foresight at that time, we decided to focus on\u00a0logistics management with technology<\/strong>\u00a0rather than logistics infrastructure. Business growth in the logistics sector would directly relate to improved service delivery and customer satisfaction across businesses.\u201d<\/em><\/p>\n

FarEye is headquartered in New Delhi and is trusted by\u00a0over 75 clients<\/strong>\u00a0ranging 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.\u00a0 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\u00a0plan to expand the team for sales, delivery & product and would reach a number of 60 in next few months.<\/p>\n

\u00a0About\u00a0FarEye<\/u><\/strong><\/p>\n

FarEye\u00a0<\/strong>is a SaaS mobility platform that increases the efficiency and effectiveness of operations by helping organizations to schedule jobs, track execution and evaluate the performance, all in real time.\u00a0 FarEye\u2019s platform supports exhaustive features like: Automated routing for dispatch, on-demand dispatch for JIT Requests, capacity planning, live performance dashboard for multiple branches, Reports and analytics to improve the quality and relevance of decision making, Geo co-ordinates & ePoD capture, live tracking and ETA to customer, one touch assist buttons for employees on the go,\u00a0 high data security with in-built MDM, BPM Engine amongst many others.<\/p>\n","protected":false},"excerpt":{"rendered":"

The mobility platform makes enterprises more responsive and profitable by enabling real time visibility & co-ordination between daily jobs, mobile workers and on-demand consumer requests Delhi, 23rd\u00a0June \u00a02016:\u00a0FarEye, India\u2019s leading Logistics Management Software, today announced it has just completed its Series A round of funding and has raised\u00a0$3.5 million (20<\/p>\n","protected":false},"author":22,"featured_media":4858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[374],"tags":[1302,1303,70,875],"class_list":["post-4857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pressrelease","tag-far-eye","tag-logistic-management-software","tag-startup","tag-startup-buzz"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/06\/Fareye-4.png","_links":{"self":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/4857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4857"}],"version-history":[{"count":1,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/4857\/revisions"}],"predecessor-version":[{"id":4861,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/4857\/revisions\/4861"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/media\/4858"}],"wp:attachment":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}