# FarEye
FarEye is a logistics software company headquartered in Noida, India, co-founded in January 2013 by Kushal Nahata, Gautam Kumar, and Gaurav Srivastava, whose delivery management platform gives e-commerce and delivery companies end-to-end visibility over shipments from first-mile seller pickups to last-mile delivery.[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/) • [2](https://techcrunch.com/2016/06/24/indias-fareye-lands-3-5m-to-make-e-commerce-logistics-more-efficient/) The company's last independently reported financing was a $100 million Series E in May 2021, which took its disclosed fundraising to about $153 million.[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/)
| Fact | Detail |
| --- | --- |
| Founded | January 2013, by Kushal Nahata (CEO), Gautam Kumar (COO), and Gaurav Srivastava (CTO)[2](https://techcrunch.com/2016/06/24/indias-fareye-lands-3-5m-to-make-e-commerce-logistics-more-efficient/) |
| Headquarters | Noida, India[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/) |
| Sector | Logistics SaaS; delivery management from first mile to last mile[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/) |
| Total raised | About $153 million as of the May 2021 Series E[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/) |
| Largest round | $100 million Series E, May 25, 2021, co-led by TCV and Dragoneer Investment Group[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/) • [5](https://fareye.com/news/fareye-raises-usd-100-million-in-series-e-round) |
| Scale (May 2021) | 150+ customers, 100M+ transactions per month, 2M+ vehicles, 25,000+ drivers on the platform[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/) |
| Status | Last independently recorded active at the May 2021 Series E; no independent reporting retrieved after that date[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/) |
## History and founding
Nahata, Kumar, and Srivastava started FarEye in January 2013, with Nahata as chief executive, Kumar as chief operating officer, and Srivastava as chief technology officer.[2](https://techcrunch.com/2016/06/24/indias-fareye-lands-3-5m-to-make-e-commerce-logistics-more-efficient/) The company's own history page says it began with 35 employees and 10 customers.[6](https://fareye.com/about)
In June 2016 FarEye raised $3.5 million from SAIF Partners. At that point the company said it served more than 75 customers, including [Ecom Express](https://www.edgepedia.org/ecom-express), Gojavas, Holisol, Hitachi, aCommerce, Sephora, and Lazada, with roughly one-third of revenue from overseas, primarily Southeast Asia and the Middle East.[2](https://techcrunch.com/2016/06/24/indias-fareye-lands-3-5m-to-make-e-commerce-logistics-more-efficient/)
The next reported institutional round came less than a year before the Series E: about $37 million from investors the Economic Times listed as Microsoft's venture fund, Eight Roads, Elevation Capital, and [Honeywell](https://www.edgepedia.org/honeywell). The exact investor set for that 2020 round is not settled across sources, since another report named a partly different list.[3](https://economictimes.indiatimes.com/tech/funding/logistics-saas-startup-fareye-raises-100-million-from-tcv-others/articleshow/82940360.cms)
## Products and services
FarEye's flagship logistics management software supports the entire supply chain, from first-mile seller pickups to last-mile delivery, with the stated aims of end-to-end logistics visibility, lower operational costs, and better customer experience.[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/) As of May 2021 the platform processed more than 100 million transactions each month, supported more than 25,000 drivers and was integrated into a network of over two million vehicles.[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/) • [3](https://economictimes.indiatimes.com/tech/funding/logistics-saas-startup-fareye-raises-100-million-from-tcv-others/articleshow/82940360.cms) The company describes itself as a global leader in last-mile delivery.[6](https://fareye.com/about)
## Funding by the numbers
The disclosed funding record runs as follows.
- **June 2016:** $3.5 million from SAIF Partners.[2](https://techcrunch.com/2016/06/24/indias-fareye-lands-3-5m-to-make-e-commerce-logistics-more-efficient/)
- **2020:** roughly $37 million, less than a year before the Series E, from investors including Microsoft's venture fund, Eight Roads, Elevation Capital, and Honeywell per the Economic Times; the full investor list differs across reports.[3](https://economictimes.indiatimes.com/tech/funding/logistics-saas-startup-fareye-raises-100-million-from-tcv-others/articleshow/82940360.cms)
- **May 25, 2021:** $100 million Series E, co-led by TCV and Dragoneer Investment Group, with existing investors Eight Roads Ventures, Fundamentum, and Honeywell participating.[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/) • [4](https://www.business-standard.com/article/companies/global-delivery-management-platform-fareye-raises-100-mn-in-series-e-round-121052501263_1.html) The round included a minor debt component whose amount was not disclosed, and took the to-date raise to about $153 million. As part of the transaction, Gopi Vaddi, General Partner at TCV, joined FarEye's board of directors.[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/) • [3](https://economictimes.indiatimes.com/tech/funding/logistics-saas-startup-fareye-raises-100-million-from-tcv-others/articleshow/82940360.cms) • [5](https://fareye.com/news/fareye-raises-usd-100-million-in-series-e-round)
The company said Series E funds were earmarked for platform capabilities and expansion in Europe and North America.[5](https://fareye.com/news/fareye-raises-usd-100-million-in-series-e-round)
## Business, customers and traction
By May 2021 FarEye worked with more than 150 e-commerce and delivery companies globally, including Walmart, UPS, DHL e-commerce, [Domino's](https://www.edgepedia.org/dominos), Posti, Gordon Foods, and Amway.[1](https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/) The company said it had customers across 30 countries and five offices.[5](https://fareye.com/news/fareye-raises-usd-100-million-in-series-e-round)
Revenue mix shifted sharply toward international markets. Chief executive Kushal Nahata said the company grew 280% in the financial year ending March 31, 2021 versus the prior year, with about 78% of revenue from markets outside India and the United States its largest market.[3](https://economictimes.indiatimes.com/tech/funding/logistics-saas-startup-fareye-raises-100-million-from-tcv-others/articleshow/82940360.cms) According to the company's own announcement, Europe and North America made up over half of revenues and grew nearly three times in the twelve months before May 2021.[5](https://fareye.com/news/fareye-raises-usd-100-million-in-series-e-round) This is a marked change from 2016, when about a third of revenue came from overseas, then mainly Southeast Asia, and the Middle East.[2](https://techcrunch.com/2016/06/24/indias-fareye-lands-3-5m-to-make-e-commerce-logistics-more-efficient/)
The 2016-era business model charged customers a license fee, transaction fees, and additional fees for vertical-specific services.[2](https://techcrunch.com/2016/06/24/indias-fareye-lands-3-5m-to-make-e-commerce-logistics-more-efficient/) The sources retrieved do not describe the pricing model after that date.
## References
1. "Indian logistics SaaS startup FarEye raises $100 million", TechCrunch, May 25, 2021. https://techcrunch.com/2021/05/25/indian-logistics-saas-startup-fareye-raises-100-million/
2. "India's FarEye lands $3.5M to make e-commerce logistics more efficient", TechCrunch, June 24, 2016. https://techcrunch.com/2016/06/24/indias-fareye-lands-3-5m-to-make-e-commerce-logistics-more-efficient/
3. "Logistics SaaS startup FarEye raises $100 million from TCV, others", The Economic Times, May 2021. https://economictimes.indiatimes.com/tech/funding/logistics-saas-startup-fareye-raises-100-million-from-tcv-others/articleshow/82940360.cms
4. "Global delivery management platform FarEye raises $100 mn in Series E round", Business Standard, May 25, 2021. https://www.business-standard.com/article/companies/global-delivery-management-platform-fareye-raises-100-mn-in-series-e-round-121052501263_1.html
5. "Series-E Funding Announcement | FarEye", FarEye press release, May 25, 2021. https://fareye.com/news/fareye-raises-usd-100-million-in-series-e-round
6. "About us | FarEye", FarEye. https://fareye.com/about
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*Topic: Encyclopedia › Society and history › Economics and business › Business and work › Business and work overview › Companies and corporations › Venture-backed startups and growth companies › Deep-tech, hardware, industrial, climate, and mobility startups › Logistics and supply chain tech*
*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*
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License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license