FarEye, an Indian SaaS startup that helps firms globally optimize their supply chain and logistics operations, said on Tuesday it has raised a new financing round, its third since the pandemic broke last year, as it looks to further expand in international markets.
The Noida-headquartered startup has raised $100 million in its Series E round, which was co-led by high-profile backers TCV and Dragoneer Investment Group. Existing investors Eight Roads Ventures, Fundamentum, Honeywell also participated in the round, which takes seven-and-a-half-year-old startup’s to-date raise to about $153 million.
FarEye helps companies orchestrate, track, and optimize their logistics operations. The startup’s flagship logistics management software supports the entire supply chain — from first-mile seller pick-ups to last-mile delivery — to provide end-to-end logistics visibility, reduce operational costs and improve customer experience.
One use case of FarEye’s technology, as we wrote…