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Noida-based Logistics Startup FarEye Raises $3 Million from KB Investment

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New Delhi: Noida-based logistics management startup FarEye has raised $3 million from KB Investment Co., the venture capital unit of South Korea’s KB Financial Group.

As per the media reports, the other participants include Eight Roads Ventures, the venture capital arm of U.S. investment giant Fidelity International; Honeywell Ventures, the investment unit of U.S. conglomerate Honeywell; and Fundamentum, India’s growth-capital fund for mid-stage tech companies.

FarEye uses a predictive algorithm platform to help businesses orchestrate, track and optimize their logistics operation. Some of its major clients include Walmart, DHL, FedEx and Domino’s.

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