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- FarEye
FarEye Funding, Investors & Competitors
FarEye has raised $151M across 6 funding rounds, most recently a $100M Series E in May 2021.
Last FarEye funding round
$100M
Series E · May 2021
Cumulative funding FarEye raised
$151M
across 6 funding rounds
Key investors in FarEye
M12
Elevation Capital
Honeywell Ventures
Fundamentum
Eight Roads Ventures India
SAIF Partners
TCV
IAN Group
About FarEye
FarEye is a Gurgaon-headquartered logistics platform founded in 2013, empowering 300-plus enterprises in 30 countries. Its AI functionality delivers real-time visibility and last-mile optimization for clients like DHL, UPS, Hilti, Gordon Food Service, and Zalando. The software cuts delivery times by 27 percent, lifts courier productivity 15 percent, and reduces risks 57 percent via data insights, earning 17 Gartner mentions.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
FarEye Funding History
FarEye has raised a total of $151M across 6 funding rounds.
FarEye's first fundraising round was a $300K Series A in August 2015. The most recent completed round was a $100M Series E in May 2021.
FarEye funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2021 | Series E | Dragoneer (lead); TCV (lead); Honeywell Ventures; Eight Roads Ventures India; Fundamentum; M12 | $100M | FarEye, founded in 2013 by Kushal Nahata, Gaurav Srivastava, and Gautam Kumar, is a SaaS platform providing end-to-end global delivery management solutions for retailers, manufacturers, and third-party logistics providers, serving clients like DHL eCommerce, Amway, Domino's, Walmart, Posti, Gordon Food Service, and UPS. The platform processes over 100 million transactions monthly, supports more than 25,000 drivers, and integrates with a network of over two million vehicles. It addresses a multi-billion-dollar delivery management market with double-digit year-on-year growth, accelerated by e-commerce surges such as U.S. online retail spending reaching $861 billion in 2020, up 44% from $598 billion in 2019. On May 25, 2021, FarEye raised $100 million in its Series E funding round, led by TCV (Technology Crossover Ventures) and Dragoneer Investment Group, with participation from existing investors Eight Roads Ventures India, Fundamentum, Honeywell Ventures, and M12. Gopi Vaddi, General Partner at TCV, joined FarEye's board as part of the transaction. This round brought the company's total funding to approximately $150.9 million to $153 million across nine rounds, following prior Series D raises of $24.5 million led by M12 in April 2020 and an additional $13 million in August 2020 with Fundamentum and KB Global. The funds are earmarked for accelerating platform innovation, expanding in Europe and North America—markets that comprise over half of revenues and grew nearly three times in the prior 12 months—and attracting top talent to solidify FarEye's position as a global leader in logistics software disruption. TCV and Dragoneer, known for investments in companies like Netflix, Airbnb, DoorDash, and Snowflake, highlighted FarEye's visibility and control in supply chains amid rising logistics demands. |
| Aug 2020 | Series D | Fundamentum (lead); KB Global Platform Fund (lead) | $13M | FarEye is a logistics SaaS platform founded in 2013 by Kushal Nahata, Gaurav Srivastava, and Gautam Kumar that enables enterprises to operate, track, and optimize their logistics operations. The platform delivers predictive visibility and real-time tracking capabilities to major customers including Walmart, DHL, Blue Dart, Wayfair, Hilti, Tata Steel, and Amway, processing over 10 million transactions per day across 20+ countries for more than 150 customers. In August 2020, FarEye raised $13 million as an extension to its Series D funding round, led by The Fundamentum Partnership (the growth-capital fund backed by Nandan Nilekali and Sanjeev Aggarwal) and KB Global Platform Fund (a leading Korean investment firm). This extension followed an initial Series D tranche of $24.5 million raised in April 2020 from M12 (Microsoft's venture fund), Eight Roads Ventures, Honeywell Ventures, and SAIF Partners, bringing the total Series D to $37.5 million and cumulative investment to $51 million since the company's founding. The capital was directed toward global expansion, particularly in the Americas, Europe, and APAC regions, as well as talent acquisition to support the platform's predictive capabilities during a period of accelerated adoption driven by pandemic-driven logistics transformation and the surge in e-commerce and home delivery demand. |
| Apr 2020 | Series D | M12 (lead); Honeywell Ventures; Elevation Capital; Eight Roads Ventures India | $25M | - |
| Jan 2018 | Series C | Deutsche Post (lead) | $10M | FarEye is a Delhi-based SaaS mobility platform founded in 2013 by Gautam Kumar, Gaurav Srivastava, and Kushal Nahata, offering solutions for logistics enterprises including scheduling, dispatching, real-time monitoring, and performance analysis for warehousing, first-mile pickups, last-mile delivery, and reverse logistics. The platform serves over 100 logistics and supply chain leaders across 20 countries, with clients like DHL’s Indian subsidiary Blue Dart Express. In early 2018, FarEye raised Rs 61.5 crore ($9.5-$9.6 million) in its Series C funding round from Deutsche Post DHL Group via Singapore-based 23i Private Limited, which issued 73,632 Series C shares. The strategic investment was led by Dietmar Nienstedt, SVP and Global Head of M&A at DHL, with Thomas Ogilvie joining the board as a representative. Funds were earmarked for expanding presence in Europe and the US. For FY2017 (2016-17), FarEye reported operational revenue of Rs 6.38 crore, up 57% from Rs 4.06 crore the prior year, though gross expenditure doubled to Rs 11.13 crore, widening net loss to Rs 4.49 crore. This followed a $3.5 million Series A from SAIF Partners in June 2016 and earlier angel funding. |
| Jan 2016 | Series A | Elevation Capital (lead) | $4M | FarEye raised $3.5 million in its Series A funding round in January 2016 led by Elevation Capital (also referred to as Saif Partners). The funds were designated as growth capital to support business expansion into new territories, product enhancements including integration with IoT platforms and drones, and team growth from 30 to 60 members in sales, delivery, and product functions. At the time, FarEye provided a SaaS-based logistics management platform focused on real-time visibility and coordination for last-mile delivery, mobile workforce, and on-demand consumer requests, serving over 75 clients including Ecom Express, Gojavas, DTDC, Blue Dart, and international clients like Zalora and Sephora. Founded in 2013 by Kushal Nahata, Gaurav Srivastava, and Gautam Kumar, FarEye addressed complex last-mile delivery challenges through a mobile platform. The company was headquartered in New Delhi, India, with early traction in e-commerce, traditional logistics, and global markets in Southeast Asia and the Middle East. |
| Aug 2015 | Series A | IAN Group (lead); SAIF Partners | $300K | - |
Who has invested in FarEye?
11 investors have backed FarEye across its funding rounds, including M12, Elevation Capital, Honeywell Ventures, Fundamentum, Eight Roads Ventures India and SAIF Partners.
Lead investors include Dragoneer, TCV, Fundamentum, KB Global Platform Fund, M12 and 3 other investors.
FarEye Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Apr 2020 | ||
| 2 | Lead | Jan 2016 | ||
| 2 | Participant | Apr 2020 | ||
| 2 | Lead | Aug 2020 | ||
| 2 | Lead | Apr 2020 | ||
| 1 | Participant | Aug 2015 | ||
| 1 | Lead | May 2021 | ||
| 1 | Lead | Aug 2015 | ||
| 1 | Lead | May 2021 | ||
This data is available for Pro users. Sign up to see all 11 FarEye investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by FarEye
FarEye has acquired 2 companies to date.
Last acquisition by FarEye was on March 5th 2021. FarEye acquired PY Technology Pvt. Ltd. for undisclosed valuation.
Latest Acquisitions by FarEye
| Description | PY Technology Pvt. Ltd. is a Mumbai-headquartered web development firm with operations in Gurgaon, India. It employs certified engineers from IITs and NITs to build custom websites, e-commerce platforms, and mobile apps using PHP, React, and Node.js. Serving clients in education, real estate, and e-commerce, PY Technology delivers scalable solutions with cloud hosting on AWS, focusing on SEO optimization and continuous team upskilling. | Dipper is a Gurugram-headquartered digital freight platform connecting shippers, transporters, and truck owners for inter-city logistics in India. The platform facilitates bookings for full-truck loads across 20,000 routes, offering real-time tracking, transparent pricing, and digital payments. It serves manufacturers and retailers moving goods between cities like Delhi, Mumbai, and Bangalore. Since 2017, Dipper has handled over 1 million tons of freight annually through its app-based marketplace. |
| HQ Country | ||
| HQ City | Gurgaon | New Delhi |
| Deal Date | 5 Mar 2021 | 14 Nov 2018 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all FarEye acquisitions and their M&A valuation multiples. Start Free Trial | ||
FarEye Competitors
FarEye competitors include listed companies like Delhivery and Kuehne + Nagel, and private ones like Flexport, Uber Freight, Forto and Loggi.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $471M | - | $8B | - | ||
| Publicly listed | $1.1B | $80M | $3.4B | 2.7x | ||
| Private | $211M | - | $3.3B | 15.6x | ||
| Private | - | - | $2.1B | - | ||
| Private | - | - | $1.8B | - | ||
| Publicly listed | $30B | $2.6B | $31B | 1.2x |
FarEye Public Comps
FarEye is still privately-owned, but its public comps include UPS, Canadian National Railway, FedEx, Deutsche Post, Maersk, DSV, Adani Ports & Special, Poste Italiane, Roper Technologies and Old Dominion Freight Line.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $89B | $12B | 1.2x | 1.2x | 9.2x | 8.8x | |||
| $12B | $6.5B | 7.2x | 6.8x | 13.6x | 13.9x | |||
| $95B | $11B | 1.1x | 1.1x | 9.5x | 9.9x | |||
| $95B | $13B | 1.0x | 1.0x | 7.8x | 7.4x | |||
| $54B | $10B | 1.1x | 1.0x | 5.9x | 5.4x | |||
| $38B | $3.6B | 1.6x | 1.3x | 16.4x | 11.5x | |||
| $4B | $2.4B | 11.8x | 11.0x | 20.2x | 18.7x | |||
| $27B | $4.8B | 3.9x | 6.7x | 22.1x | - | |||
This data is available for Pro users. Sign up to see all FarEye competitors and their valuation data. Start Free Trial | ||||||||
Common questions about FarEye
| When was FarEye founded? | FarEye was founded in 2013. |
| Where is FarEye headquartered? | FarEye is headquartered in Chicago, IL, United States. |
| Is FarEye publicly listed? | No, FarEye is a private, VC-backed company. |
| How much funding has FarEye raised? | FarEye has raised $151M across 6 funding rounds. |
| What was FarEye's last funding round? | FarEye's last funding round was a $100M Series E in May 2021, led by Dragoneer and TCV. |
| Who are FarEye's investors? | FarEye's investors include Honeywell Ventures, Elevation Capital, Eight Roads Ventures India, Fundamentum, M12, SAIF Partners, Dragoneer, IAN Group, TCV, Deutsche Post and 1 other. |
| Which companies are comparable to FarEye? | Companies comparable to FarEye include Flexport, Delhivery, Uber Freight, Forto, Loggi and Kuehne + Nagel. |
| How many companies has FarEye acquired? | FarEye has acquired 2 companies, including PY Technology Pvt. Ltd. and Dipper. |
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