Fleetx raises $19.4 mn

Fleetx.io, a fleet management company in its series B funding has raised $19.4 mn. The funding came from India’s largest B2B marketplace- Indiamart. Vineet Sharma, CEO and co-founder of Fleetx in a statement said: "This investment will enable us to keep innovating on behalf of our customers, taking our product leadership further ahead and taking it to the global markets. We will be utilising the investment primarily for talent acquisition, enhancing product and technology, and scaling GTM capabilities”. The company’s existing investors Beenext and IndiaQuotient also participated in the funding round. Indiamart founder and MD Dinesh Agarwal, after the round said: ''Vineet and the rest of the team are experienced professionals with rich experience in working together to deploy technology at scale, and we are excited to partner with them for their next phase of growth”.