FarEye, a carrier agnostic SaaS platform that enables digital logistics has entered the list of Deloitte Technology Fast 50 winners for 2017, based on its proprietary technology that is empowering the logistics & distribution wings of enterprises across industries, by breaking down operational silos and enabling multi-enterprise collaboration.
Thus, helping organizations to champion operational efficiency and customer experience.
A three-year cumulative revenue growth exceeding 360 per cent by FarEye helped in gaining a place in the coveted list, for the second time in a row. FarEye was ranked 29th with a growth rate of over 200% in 2016.
The Deloitte Technology Fast50 India program ranks the top 50 leading high-tech companies in the hardware, software, communications, media, clean energy, and life sciences and healthcare categories.
Commenting on the win Kushal Nahata, Co-Founder and CEO, FarEye says, “We at FarEye are thrilled about being listed amongst 50 fastest growing technology companies in India for the second year in a row. The digital age is ushering in a new era for logistics ecosystems, making them far more dynamic and complex. Recognitions like this motivates us to work even harder to create unbeatable innovative products, keeping our customers at core of everything we do! ”
FarEye’s customers include many Fortune 500 companies including the likes of DHL, BlueDart and Amway.
FarEye raised Series-A funding in 2016 from SAIF Partners and seed funding from Indian Angels Network.
“After capturing India, South East & Middle East market, our focus now is to expand deeper into the Europe, Australia and Africa markets,” adds Kushal.
Gaurav Srivastava, Co-founder & CTO, FarEye says, “FarEye is enabling a whole new tier of analytics at the meta-data layer wherein its engine feeds on refined, analyzed and intelligently automated pool of data. Its smart analytics and agile platform helps companies take better decisions, all in real-time. It is no longer about “where is my truck?”, it is now about “where is my parcel?”. Visibility is being drilled down to SKU level and coupled with predictive analytics , it is changing the game.”
FarEye’s set of ‘intelligent’ analytics translates real-time visibility into predictable ETA, Live Tracking and event notifications/alerts. The big data engine fuels on FarEye’s artificial intelligence capabilities to learn about route and customer behaviour for an enhanced experience.
“Attracting enough customers to attain such fast growth over three years makes a strong statement about the quality of a company’s product and its leadership,” said Rajiv Sundar, Partner, Deloitte India. “FarEye has shown the right calibre for growth.”
He further added, “Making the Deloitte Technology Fast50 India ranking is a testament to a company’s commitment to technology. With its 362% growth rate over three years, FarEye has proven that its leadership has the vision and determination to grow during difficult economic times.”
