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IndiaMART invests ₹65 Cr in Fleetx, raising its stake to 25.8%. This investment strengthens IndiaMART's focus on expanding its SaaS portfolio.

PRIVATEJul 27, 2026•13 days ago

Amount Raised

₹650 Million

Round Type

Venture - Series Unknown

GurugramSoftwareSaasLogisticsFleet Management

Investors

India Mart

Description

IndiaMART will invest ₹65 Cr in Fleetx by subscribing to 4,630 CCPS, increasing its stake to 25.8%. The investment aligns with IndiaMART's long-term strategy for SaaS solutions. This follows previous investments in Fleetx with Series B and Series C funding. The transaction is expected to complete within 30 days.

Company Information

Company

Fleetx

Location

Gurugram, Haryana, India

About

Fleetx is a Gurugram-based SaaS startup founded in 2017, providing technology solutions for fleet and logistics management. The platform integrates IoT, automation, and real-time data to enhance performance and visibility for fleet operators and industrial clients. It includes features such as vehicle tracking, predictive maintenance, safety, and digital documentation, aiming to improve efficiency in logistics. Fleetx seeks to scale its reach and invest in product development through its Series C funding.

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