Get All Access for $5/mo

WayFr Raises INR 3 Crore In Seed Round The funds will be utilized to expand salesforce in India and strengthen core competency

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

WayFr, a futuristic SaaS platform, has raised INR 3 crore in Seed round. The funding was led by 2am VC, Relentless Ventures and other marquee angel investors.

WayFr will leverage the freshly infused capital to expand its salesforce in India targeting the US clients. Earlier this year, the brand raised INR 25 lakh from 100X.VC, said a statement.

"The best part about being in the contemporary entrepreneurial ecosystem is that we get to review incredible ideas, potential and approaches of innumerable young and dynamic startups. It is fairly challenging to pick the one with the most perspectives and WayFr definitely fits this criteria. We are glad that fellow venture capitalists and angel investors saw what we saw in WayFr's vision and future strategies and chose to show confidence in them," said Ninad Karpe, partner at 100X.VC.

"Since WayFr's inception, we are striving to offer smart solutions to shippers and brokers on the back of cutting-edge technology. We are over the moon that VCs and angel investors have shown confidence in our offerings, vision and end-goals. Leveraging this recently raised sum, we will continue to strengthen our core competencies while simultaneously expanding our horizons. Since the pandemic has accelerated the global digital transformation process, we are confident that our carefully designed mobile application will be able to assist millions of shippers and truckers across the globe," said Poorna Reddy, founder of WayFr.

Founded in March 2021, WayFr is the brainchild of Poorna Reddy and Abhiram Deshpande. It is a new-age mobile application that seamlessly allows shippers and freight brokers to create their own load posting platforms and avail low cost financing. Through these platforms, shippers and truckers can receive price quotes and booking options within their network of carriers, making the entire process personalized and hassle-free, added the statement.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
Business News

A Former Corporate Lawyer Now Makes Six Figures on YouTube — Here's How She Does It

Here are the secrets to starting and growing a successful YouTube channel, according to a YouTuber with millions of subscribers.

Business Culture

You'll Always Have Anxious Employees if You Don't Follow These 4 Leadership Tactics

Creating a thriving workplace environment hinges on the commitment of company leaders to nurture and inspire their teams.

Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.

Growing a Business

How to Determine The Ideal Length of Your Marketing Emails Your Customers Will Actually Read

Wondering how long your marketing emails should be? Here's what consumers say — so you can send them exactly what they like.

Business News

New Southwest Airlines Major Investor Wants to Force Out CEO, Slams Company's 'Stubborn Unwillingness to Evolve'

Elliot Investment Management announced a $1.9 billion stake in the Dallas-based Southwest Airlines on Monday and is urging shareholders to vote for new leadership.