Company Name : Mind Your Fleet
Funding Amount : Undisclosed
Funding Round : Angel round
Mind Your Fleet, a transportation and logistics software provider has closed its angel round of investments. The amount of funding has not been disclosed.
“We’re delighted to announce the closing of our Angel round of investments. Some of the most notable industry veterans have showed faith in our product and we wish to fulfil their expectations at all costs. The raised funds will be used to scale up infrastructure and talent acquisition process”, said Malvinder Singh Rikhy, co-founder, Mind Your Fleet.
Founded in October 2014, Mind Your Fleet provides an online collaborative tool for all ground transportation & logistics company through SaaS.
“With the coming of Uber and Ola in India, traditional car rental companies are struggling to run their businesses. At any given time, a car rental company utilizes only 30% of their accumulated fleet thereby wasting money on unused inventory. This is where Mind Your Fleet comes in. We want to bring the industry together with our unique inventory, fuel & vendor management tools”, said Jitender Arora, co-founder, Mind Your Fleet.
Mind Your Fleet is now looking at global expansion by acquiring clients from Dubai, Kenya and New Zealand, and building an international real-time dedicated fleet for all ground transportation and logistics businesses.