RoboticWares Private Limited
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RoboticWares Private Limited - overview
Established
2013
Location
Noida, Uttar Pradesh, India
Primary Industry
Software
About
Founded in 2013 and based in Uttar Pradesh, India, RoboticWares Private Limited, trading under the name FarEye, provides a software-as-a-service (SaaS)-based logistics platform. The firm was founded by Gaurav Srivastava, Gautam Kumar, and Kushal Nahata. In May 2021, the company raised USD 100 million in Series E funding co-led by Dragoneer Investment Group and TCV including Eight Roads Ventures, Honeywell Ventures, and the Fundamentum Partnership. FarEye provides custom supply chain solutions to track, optimize, and manage daily operations.
The platform also enables enterprises to integrate the product with existing hardware or software. The FarEye IDM Platform can help businesses go live faster, instantly roll out process changes, and keep the delivery ecosystem agile. The last-mile delivery platform empowers businesses to cater to customer expectations, achieve operational efficiency, and helps to deliver the final mile experience to customers. The firm will use the May 2021 funding to improve its software capabilities, expand its operation in the European and North American regions, and recruit new employees.
Current Investors
Elevation Capital, Deutsche Post DHL Group, SAIF Partners
Primary Industry
Software
Sub Industries
Web Applications, Logistics Software, Analytics & Performance Software
Website
www.getfareye.com
Verticals
Artificial Intelligence, Cloud Computing, IoT (Internet of Things), Mobile Apps
Company Stage
Series E
Total Amount Raised
Subscriber access only
RoboticWares Private Limited - timeline of key events
RoboticWares Private Limited - financials
| Fiscal Year Ended | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 5,020,000 | - | - | 13,260,387.4 | 13,800,944 | 40,654,850 | 63,823,282 | 112,325,243 | 218,614,094 | 398,948,173 | 668,746,350 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | 4.1% | 194.6% | 57.0% | 76.0% | 94.6% | 82.5% | 67.6% | - | - | - |
| EBITDA (USD) | 382,000 | - | - | 636,022.6 | (4,567,400) | (1,903,974) | (44,099,120) | (53,684,120) | (162,992,645) | (474,442,465) | (699,367,132) | - | - | - |
| Operating Income (USD) | 229,000 | - | - | 385,726.4 | (5,280,712) | (3,593,049) | (45,676,048) | (58,210,462) | (175,443,750) | (494,795,553) | (718,498,174) | - | - | - |
| Operating Margin | 4.6% | - | - | 2.9% | (38.3%) | (8.8%) | (71.6%) | (51.8%) | (80.3%) | (124.0%) | (107.4%) | - | - | - |
| % EBITDA Margin | 7.6% | - | - | 4.8% | (33.1%) | (4.7%) | (69.1%) | (47.8%) | (74.6%) | (118.9%) | (104.6%) | - | - | - |
| NET Income (USD) | 45,000 | 92,049.2 | 95,483.7 | 157,996.3 | (5,701,751) | (2,421,436) | (46,105,350) | (59,152,987) | (175,466,095) | (494,798,309) | (620,538,207) | - | - | - |
| % Net Margin | 0.9% | - | - | 1.2% | (41.3%) | (6.0%) | (72.2%) | (52.7%) | (80.3%) | (124.0%) | (92.8%) | - | - | - |
RoboticWares Private Limited - employee data
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