About Freightcrate
Freightcrate is a company based in Mumbai (India) founded in 2016.. Freightcrate has raised $394.07 thousand across 3 funding rounds from investors including Augusta Consultants, Shekama Family Trust and Rishit Anil Dani. The company has 5 employees as of April 01, 2024. Freightcrate operates in a competitive market with competitors including Xeneta, Cargofive, WebCargo, CargoSphere and Portrix Logistic Software, among others.
- Headquarter Mumbai, India
- Employees 5 as on 01 Apr, 2024
- 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
*********
- Legal Name Freightcrate Technologies Private Limited
- Date of Incorporation 13 Jul, 2016
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$649.8 K (USD)-4.91as on Mar 31, 2023
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Net Profit
$-101.27 K (USD)10.23as on Mar 31, 2023
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EBITDA
$-61.95 K (USD)13.79as on Mar 31, 2023
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Total Equity Funding
$394.07 K (USD)
in 3 rounds
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Latest Funding Round
$270.82 K (USD), Seed
Dec 27, 2021
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Investors
Augusta Consultants
& 17 more
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Employee Count
5
as on Apr 01, 2024
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Funding Insights of Freightcrate
Freightcrate has successfully raised a total of $394.07K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $270.82 thousand completed in December 2021. 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $270,817
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First Round
First Round
(07 May 2018)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Freightcrate | Valuation | Shekama Family Trust , Augusta Consultants | |
| Jan, 2019 | Amount | Angel Round - Freightcrate | Valuation | Pratik Jain , Siddharth Manakni | |
| May, 2018 | Amount | Angel Round - Freightcrate | Valuation | Aditya Anil Vazirani |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Freightcrate
Freightcrate has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Augusta Consultants, Shekama Family Trust and Rishit Anil Dani. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and single family offices investing in multiple sectors
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Delivers comprehensive HR consulting, event management, and auditing services to businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Freightcrate
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Freightcrate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Freightcrate Comparisons
Competitors of Freightcrate
Freightcrate 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 Xeneta, Cargofive, WebCargo, CargoSphere and Portrix Logistic Software, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a freight rate market management platform
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| domain | founded_year | HQ Location |
Cloud based automation and freight rate optimization software for freight forwarders
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| domain | founded_year | HQ Location |
Provides freight sales management solutions for forwarders, airlines, and ocean liners.
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| domain | founded_year | HQ Location |
Rate and carrier management software is provided for freight forwarding.
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| domain | founded_year | HQ Location |
Software solutions for freight transportation are developed and provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Freightcrate
When was Freightcrate founded?
Freightcrate was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Freightcrate located?
Freightcrate is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Freightcrate a funded company?
Freightcrate is a funded company, having raised a total of $394.07K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $38.84K, raised on May 07, 2018.
How many employees does Freightcrate have?
As of Apr 01, 2024, the latest employee count at Freightcrate is 5.
What is the annual revenue of Freightcrate?
Annual revenue of Freightcrate is $649.8K as on Mar 31, 2023.
What does Freightcrate do?
Freightcrate was established in 2016 in Mumbai, India, within the logistics sector. A digital platform is operated to assist exporters and importers with freight procurement, booking, and shipment management. Shipping quotes from various providers are sourced and booked online through the system. Operations are streamlined via features including quote comparisons, automated email updates on shipments, real-time tracking, and dashboards for monitoring expenditures and budgets.
Who are the top competitors of Freightcrate?
Freightcrate's top competitors include Xeneta, Cargofive and Portrix Logistic Software.
Who are Freightcrate's investors?
Freightcrate has 18 investors. Key investors include Augusta Consultants, Shekama Family Trust, Rishit Anil Dani, Mangal Patwardhan Swaminathan, and Nyana Sabharwal.
What is Freightcrate's valuation?
The valuation of Freightcrate is $2.91M as of Dec 2021.
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