Startup Wiz Freight gets $3.5 mn in seed funding from Axilor, others

Digital freight management platform Wiz Freight has raised USD 3.5 million (about Rs 26 crore) in seed funding led by Axilor.

The company offers door-to-door multimodal logistics solutions to its customers.

The seed round also saw participation from Arali Ventures and Foundamental, along with angel investors Ramakant Sharma, co-founder of Livspace and Daniel Richner, chairman of the M+R Spedag Group, a Swiss-based logistics firm, the startup and Axilor said in a joint statement.

Founded by logistics veterans Ramkumar Govindarajan and Ramkumar Ramachandran exactly a year ago in Chennai, Wiz’s full-stack platform allows enterprises and small businesses to automate their cross-border logistics operations.