India’s logistics management start-up FarEye has raised $25 million series D funding to accelerate its growth amid high demand for home deliveries.

This round of investment was led by Microsoft’s corporate venture fund M12, with participation from Eight Roads Ventures, Honeywell Ventures, and existing investor SAIF Partners, FarEye said in a statement.

FarEye's predictive logistics platform enables enterprises to orchestrate, track, and optimise their logistics operations.

“We will use this investment to create greater value and improve the experience for our customers by enhancing the platform’s predictive capabilities, increasing platform partnerships, expanding into new markets and growing our teams in Europe, APAC & US.” Kushal Nahata, CEO at FarEye said.

As the global health pandemic continues to worsen, more people are isolating themselves at home and showing new consumption patterns.

Demand for home deliveries is surging as authorities around the globe encourage the public to observe social distancing or isolate themselves at home to avoid contracting the virus.

Amid surging demand during the lockdown, online retail giant Amazon said it will begin to put new food delivery customers on a wait list and shorten some Whole Foods stores' hours.

“The global pandemic has accelerated the need for enterprises to scale their supply chain operations efficiently to meet the rising share of online deliveries,” Shweta Bhatia, Partner at Eight Roads Ventures said.

“FarEye’s highly configurable last-mile and long-haul logistics platform has been validated by leading global enterprises across the 3PL, retail and manufacturing categories,” Bhatia said.

The company is present across 20 countries and has over 150 clients including Emirates Post, DHL, Amway, Dominos, Walmart, J&J and Hilti.

(Reporting by Gerard Aoun; editing by Seban Scaria)

(gerard.aoun@refinitiv.com)

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