FreightFox funding hits a new milestone as the Pune-based, AI-powered Transportation Management System (TMS) startup FreightFox raised ₹5 crore in a strategic investment round led by HighLeaf, as publicly reported on 2026-08-11. The round also saw participation from Vijender Yadav, Founder of Accops Systems Private Limited; Puru Gupta, Founder and Operating Partner at Proteus Partners; and Aeravti Ventures. The fresh capital will support the company’s enterprise sales push and its plans to expand into international markets.
Quick Highlights
- Founders: Nitish Rai, Sandeep Mukhopadhyay, Vikas Singh, and Dhananjaya Shetty
- Lead Investor: HighLeaf
- Participating Investors: Vijender Yadav (Accops Systems), Puru Gupta (Proteus Partners), and Aeravti Ventures
- Investor Background: Vijender Yadav built and scaled enterprise software company Accops Systems; Proteus Partners is an operator-led investment firm working closely with portfolio companies on go-to-market and growth, beyond capital alone; Aeravti Ventures is a returning backer from FreightFox’s earlier seed round
- Headquarters: Pune, Maharashtra
- Announcement Date: 11 August 2026
Funding Breakdown
Use of Funds
As publicly reported, FreightFox will deploy the ₹5 crore proceeds across three priority areas: expanding its enterprise sales capacity, strengthening its distribution and partner network within India, and exploring entry into international markets. The platform’s AI-native architecture — covering freight procurement, execution, shipment tracking, invoice settlement, and Scope 3 emissions reporting — positions it to serve large manufacturing enterprises at scale.
Funding Timeline
This is FreightFox’s third disclosed external funding round. The company raised ₹2 crore in an angel round in 2020, followed by a ₹4.5 crore seed round in 2023 in which Aeravti Ventures participated. The latest ₹5 crore strategic round brings total disclosed funding to approximately ₹11.5 crore, according to publicly available reports. No valuation has been disclosed for any of the three rounds.
Expansion Plans
With the new capital, FreightFox plans to increase its enterprise reach and expand its distribution channels across India, while simultaneously taking its freight management technology to international markets. Proteus Partners, as publicly reported, is working closely with the company beyond the capital itself — with its team functioning as an extension of FreightFox’s go-to-market and growth efforts. The company already counts major enterprises such as AB InBev, Bridgestone, Coca-Cola, PepsiCo, Hero, CEAT, and Raychem RPG among its customers, and has managed over 6 million trips and facilitated over US$2 billion in freight procurement on its platform.
Significance
This round signals growing investor confidence in full-stack, AI-native freight-tech platforms targeting India’s large manufacturing sector — a space that has historically relied on fragmented, manual processes. The involvement of experienced operators like Vijender Yadav and the team at Proteus Partners, who go beyond passive capital, gives FreightFox a strategic edge as it competes in an increasingly crowded TMS market. India’s freight sector is undergoing rapid digital transformation, accelerated by government initiatives such as the Unified Logistics Interface Platform (ULIP), which has brought procurement, execution, and emissions data from over 30 ministries onto a single interface. For FreightFox, a platform built to translate raw logistics data into real-time decisions, this macro tailwind makes the timing of this raise particularly compelling.
These details have been verified against multiple publicly available reports as of 2026-08-11.
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
