About Freightify
Freightify is a company based in Singapore (Singapore) founded in 2016 by Raghavendran Viswanathan.. Freightify has raised $19.52 million across 10 funding rounds from investors including Angel List, Wellfound and Venture Catalysts. The company has 182 employees as of April 07, 2024. Freightify offers products and services including Core Platform, Rate Procurement, Rate Management, Quotation, and Customer Portal. Freightify operates in a competitive market with competitors including CargoMetrics, Ship Angel, Wisor, Wiremind and Pamyra, among others.
- Headquarter Singapore, Singapore
- Employees 182 as on 07 Apr, 2024
- Founders Raghavendran Viswanathan
- 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 Freightify Solutions India Private Limited
- Date of Incorporation 29 Jun, 2022
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$2.24 M (USD)0as on Mar 31, 2023
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Net Profit
$-581.56 K (USD)0as on Mar 31, 2023
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EBITDA
$-459.53 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$19.52 M (USD)
in 10 rounds
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Latest Funding Round
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Investors
Angel List
& 76 more
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Employee Count
182
as on Apr 07, 2024
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Products & Services of Freightify
Freightify offers a comprehensive portfolio of products and services, including Core Platform, Rate Procurement, Rate Management, Quotation, and Customer Portal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for unified freight rate access and management
Tool to source and standardize freight rates from carriers
System for searching, filtering, and adding margins to rates
Tool to generate and manage freight quotes efficiently
White-labeled portal for customer rate viewing and tracking
Service for live shipment tracking and bulk monitoring
Platform for monitoring business metrics and reports
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Software Development Team
5 people
Finance and Accounting
4 people
Leadership Team
3 people
Product Management Team
2 people
Operations Team
1 people
Advisor Team
1 people
Sales and Marketing
1 people
Human Resources and Administration
1 people
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Funding Insights of Freightify
Freightify has successfully raised a total of $19.52M across 10 strategic funding rounds. 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 10
- Last Round Last Round
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First Round
First Round
(31 Dec 2017)
- Investors Count 77
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series A - Freightify | Valuation | Alchemist Accelerator , Maritime Angels Annex Alpha | |
| Feb, 2023 | Amount | Series A - Freightify | Valuation | Alteria Capital , Peak XV Partners | |
| Feb, 2023 | Amount | Debt – Conventional - Freightify | Valuation |
investors |
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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 Freightify
Freightify has secured backing from 77 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Wellfound and Venture Catalysts. 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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Enterprise startups are accelerated via a 6-month program.
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Founded Year | Domain | Location | |
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TMV is engaged in venture capital investments for transformative startups.
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Founded Year | Domain | Location | |
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Venture debt funding and structured finance for innovative startups in India.
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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.
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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.
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Founded Year | Domain | Location |
Investments & Acquisitions by Freightify
| 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 - Freightify
| 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 |
Freightify Comparisons
Competitors of Freightify
Freightify 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 CargoMetrics, Ship Angel, Wisor, Wiremind and Pamyra, 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 |
Offers technology and method development for measuring maritime trade and in other fields
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| domain | founded_year | HQ Location |
Freight rate management software is provided for enterprise shippers.
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| domain | founded_year | HQ Location |
AI and web-enabled freight rate management solutions are provided.
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| domain | founded_year | HQ Location |
Offers specialized pricing solutions for the trucking industry.
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| domain | founded_year | HQ Location |
Online price comparison platform for shipping companies
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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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Latest news on Freightify
Frequently Asked Questions about Freightify
When was Freightify founded?
Freightify was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Freightify located?
Freightify is headquartered in Singapore, Singapore.
Who is the current CEO of Freightify?
Raghavendran Viswanathan is the current CEO of Freightify. They have also founded this company.
Is Freightify a funded company?
Freightify is a funded company, having raised a total of $19.52M across 10 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Dec 31, 2017.
How many employees does Freightify have?
As of Apr 07, 2024, the latest employee count at Freightify is 182.
What is the annual revenue of Freightify?
Annual revenue of Freightify is $2.24M as on Mar 31, 2023.
What does Freightify do?
Freightify was founded in 2016 in Singapore, where web-based solutions for freight rate and quotation management are provided. A suite of tools for handling freight quotations, rate procurement, and analytics is offered within the logistics sector. An API is included for automating freight rates, scheduling tasks, and product tracking. Additionally, a customer engagement platform is available for incorporating margins and customer quotes. Operations focus on streamlining freight processes for businesses.
Who are the top competitors of Freightify?
Freightify's top competitors include Wisor, CargoMetrics and Ship Angel.
What products or services does Freightify offer?
Freightify offers Core Platform, Rate Procurement, Rate Management, Quotation, and 3 more products and services.
Who are Freightify's investors?
Freightify has 77 investors. Key investors include Angel List, Wellfound, Venture Catalysts, Peak XV Partners, and Alteria Capital.
What is Freightify's valuation?
The valuation of Freightify is $7.84M as of Jun 2022.
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