About FR8
FR8 is a company based in Chennai (India) founded in 2016 by Vasanth Immanuel and Jay Panneerselvam. FR8 has raised $2.47 million across 6 funding rounds from investors including Northern Arc Capital, Shimshon Finance and Raja S Raghavan. The company has 424 employees as of March 06, 2025. FR8 offers products and services including Online Truck Booking App, Transportation Services, and Container Truck Transport. FR8 operates in a competitive market with competitors including BlackBuck, Vahak, Onmove, Celcius and WheelsEye, among others.
- Headquarter Chennai, India
- Employees 424 as on 06 Mar, 2025
- Founders Vasanth Immanuel, Jay Panneerselvam
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name New Olog Logistics Private Limited
- Date of Incorporation 17 Jun, 2016
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$53.28 M (USD)2331.46as on Mar 31, 2024
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Net Profit
$147.29 K (USD)-20.58as on Mar 31, 2024
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EBITDA
$362.7 K (USD)22.49as on Mar 31, 2024
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Total Equity Funding
$2.47 M (USD)
in 6 rounds
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Latest Funding Round
$143.16 K (USD), Series A
Feb 19, 2022
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Investors
Northern Arc Capital
& 17 more
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Employee Count
424
as on Mar 06, 2025
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Products & Services of FR8
FR8 offers a comprehensive portfolio of products and services, including Online Truck Booking App, Transportation Services, and Container Truck Transport.
App for booking and tracking trucks for goods shipment
Services for hiring verified trucks across India
Specialized service for container-based goods delivery
People of FR8
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Funding Insights of FR8
FR8 has successfully raised a total of $2.47M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $143.16 thousand completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in FR8
FR8 has secured backing from 18 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Northern Arc Capital, Shimshon Finance and Raja S Raghavan.
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Agritech startups are funded by Omnivore, a venture capital entity.
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Financial advisory and insurance services are provided by Shimshon Finance.
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Household and business loans are provided with risk management support.
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Investor details for FR8
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Investments & Acquisitions by FR8
Investment portfolio details for FR8
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Financial Statements - FR8
Detailed financials for FR8
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Fr8 Comparisons
Peer comparison for FR8
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Competitors of FR8
FR8 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BlackBuck, Vahak, Onmove, Celcius and WheelsEye, among others.
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Fleet operators are connected with truckers through a digital marketplace.
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An app-based marketplace is operated for cargo transportation bookings.
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Technology-enabled platform for transportation management services
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Cold chain logistics solutions are booked through an online platform.
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Businesses are connected with truck transportation services across India.
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Provider of a digital freight brokerage platform connecting transporters and truckers
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Detailed competitors of FR8
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Latest news on Fr8
Complete news archive for FR8
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Frequently Asked Questions about FR8
FR8 was founded in 2016.
FR8 is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Vasanth Immanuel is the current CEO of FR8. They have also founded this company.
FR8 is a funded company, having raised a total of $2.47M across 6 funding rounds to date.
As of Mar 06, 2025, the latest employee count at FR8 is 424.
Annual revenue of FR8 is $53.28M as on Mar 31, 2024.
FR8 was founded in 2016 in Chennai, India, within the logistics sector. An online platform is operated to connect shippers with verified truck owners for goods transport. Real-time tracking, transparent pricing, and various truck types are included to support diverse needs. Flexible payment options are offered, with operations focused on streamlining logistics processes across India.
FR8 offers Online Truck Booking App, Transportation Services, and Container Truck Transport.
FR8 has 18 investors. Key investors include Northern Arc Capital, Shimshon Finance, Raja S Raghavan, Paul Naveen Raj, and Radha Muthian.
The valuation of FR8 is $26.47M as of Feb 2022.