Delhi-based digital logistics solutions company FarEye raised ₹61.5 crore in Series C funding from Germany-based Deutsche Post DHL Group, according the startups’s regulatory filings.
The company has issued 73, 632 Series C compulsory convertible preference shares to Singapore-based firm 23i Private Limited. The investment is said to be led by Dietmar Nienstedt, DHL's SVP and Global Head of M&A.
The firm, which counts Hitachi and logistics firm Blue Dart among its clients, had earlier raised ₹22 crore from SAIF Partners and ₹2 crore from Indian Angel Network.
Earlier this year, logistics start-ups XpressBees raised ₹225 crore from Alibaba while Gurugram-based Rivigo had raised funding from SAIF Partners.