JSA Advocates and Solicitors, assisted FleetX Technologies Private Limited (a SaaS fleet management platform) in its Series C round of equity financing involving its existing investors, IndiaMART Intermesh Limited (Indiamart) and BEENEXT, through its Accelerate Fund, totalling to approximately USD 13 million. This round also involved a secondary acquisition of shares by Indiamart and Beenext in Fleetx.
FleetX operates at the intersection of AI and IoT, providing cutting-edge solutions in fleet management, fuel analytics, video telematics, transport ERP, and transportation management systems (TMS). The company has grown 4x in scale post it’s last funding round early on in 2022.
The team, led by Archana Tewary (Partner), along with Vidisha Shetty (Associate), helped facilitate the funding round.
Archana has worked in private equity, capital markets and general corporate teams and has primarily worked on investments by private equity investors in unlisted companies and offerings of equities and securities by listed and unlisted companies.