Hotline: 1800 102 2007
X
Search Business Opportunities
2014-09-10

IAN invests in a delhi-based logistics start-up Fareye

Founded in 2013, Fareye was started keeping in mind the increasing need of businesses to improve visibility and simplifying job processes.

Indian Angel Network (IAN) today announced its investment in Fareye; a Delhi based mobile enabled solution for field workforce management. Fareye is a solution to the most critical problem of a logistics manager such as real-time coordination with mobile workers, field jobs and customer requests. It solves by providing quick overview of field force with job status and tool to schedule, dispatch and monitor jobs to workforce. IAN investors, Nitin Jain and Piyush Chawla led the investment round in the start-up. Nitin and Piyush will also join the Fareye board.
 
 
Founded in 2013 by Gaurav Srivastava, Gautam Kumar, and Kushal Nahata, Fareye was started keeping in mind the increasing need of businesses to improve visibility and simplifying job processes. Fareye provides instant real time support right in manager's hands to increase their productivity and makes available the critical information to find customer location, optimum route and recording job updates. A highly scalable cloud, GPS enabled solution; Fareye provides an answer to a critical pain point of a fast growing, remote workforce model.  The company has recently started its global journey and has empowered Namshi - Middle East's prominent online destination for fashion. 
 
 
Nitin Jain, an IAN Investor member who will be joining Fareye board said, "In the last few years we have seen several companies going remote. Remote workforce management is not only cost effective, but it also creates a competitive advantage for companies as efficiency improvements are realized. However, for effective operations companies require the right technology to support a remote infrastructure. We believe that Fareye seamlessly meets the essential requirements of such businesses. Gaurav, Gautam, and Kushal form a truly passionate team and we are looking forward to work with them."
 
 
Kushal Nahata, Co-founder, Fareye said, "We will use the investment primarily for three things - upgrade sales, enable aggressive client acquisition, product development. We plan to improve our technology focus so that we can operate on a bigger scale and employ the right talent to help us achieve the goals that we have set up for ourselves. We are proud to be to be associated with Indian Angel Network. We are certain that IAN mentorship and investment will help us to build an accelerate growth path for Fareye"
 
 
Padmaja Ruparel, President, IAN stated "The logistics space provides a great opportunity for entrepreneurs to build a high growth company with an innovative solution. Fareye picked up on this need and the promoter team is focused on quickly scaling up on the back of this market. "
Related opportunities
  •    Become WIISE partner and be part of India’s fastest growing Award winn..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 160
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy parlors
    About Us: A Surat based waffle café named Waffle Republic. Serves..
    Locations looking for expansion Gujarat
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • About Us: PIND BALLUCHI is known across the country for its..
    Locations looking for expansion Delhi
    Establishment year 1992
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater del Delhi
  • Juices / Smoothies / Dairy parlors
    About: VaaFrozen food is a hospitality group which thrives to always..
    Locations looking for expansion Delhi
    Establishment year 2002
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts