FarEye is a SaaS mobility platform solving the problems faced by logistics enterprises. The company has designed world's first Business Process Management engine for mobility in logistics to address one of the fundamental issues facing the industry's greater visibility.
FarEye is digitalizing last mile deliveries and supply chains for enterprises globally.
FarEye was founded in 2013 by Kushal Nahata, Gautam Kumar and Gaurav Srivastava. The company is based in New Delhi, Delhi, India.
FarEye uses data-driven optimization algorithms to help organizations champion operational efficiencies, increase their revenue streams and deliver a superior customer experience.
FarEye works with its enterprise customers to provide higher control on their supply chains and offer a superior delivery experience to their end customers. The company's technology platform digitizes the way enterprises dispatch, execute, track, and optimize the movement of goods, enabling enterprises to lower logistics costs while delighting end consumers.
FarEye enables digital logistics for the world's largest retailers like Walmart, Future Retail & Amway, logistics companies like BlueDart and eCommerce giants like Noon. FarEye executes more than 500 million shipments annually for more than 150+ clients.
FarEye is backed by M12, Deutsche Post, Honeywell Venture Capital, SAIF Partners, Eight Roads Ventures, The Fundamentum Partnership,KB Global Platform Fund and others. The company raised an additional $13M as an extension to its Series D on Aug 21, 2020, brining the round total to $37.5M. This additional financing also brings the total amount raised by FarEye to $50.6M to date.