Wiz Freight Soars to New Heights with INR 125 Cr Series B Funding

Wiz Freight, a rising star in the supply chain startup world, has just bagged a whopping INR 125 Cr in Series B funding. This impressive feat marks a significant milestone for the company, which helps exporters and importers navigate the often-complex world of cross-border shipments.

Founded in August 2020, Wiz Freight has grown rapidly, establishing a presence in 50 offices around the globe. In 2023 alone, the company facilitated the shipment of a staggering 45,744 TEUs and 2,882 air tonnage, demonstrating its commitment to efficient and reliable logistics solutions.

This latest funding round, led by Norwest Venture Partners and Temasek, will fuel Wiz Freight’s ambitious growth plans. The company intends to use the funds to expand its global reach, invest in cutting-edge technology, and bolster its product offerings.

“We are thrilled to have the support of such renowned investors,” said Dhruv Chopra, co-founder and CEO of Wiz Freight. “This funding round is a testament to our team’s hard work and dedication, and it will enable us to take Wiz Freight to the next level.”

With its innovative approach and commitment to customer satisfaction, Wiz Freight is well-positioned to capitalize on the ever-growing demand for seamless cross-border trade solutions. The company’s success story is an inspiration to aspiring entrepreneurs and a testament to the potential of the Indian startup ecosystem.