Wiz Freight - About the company
Wiz Freight is a series B company based in Chennai (India), founded in 2020 by Ramkumar Ramachandran. It operates as a Provider of a digital platform for end-to-end freight forwarding solutions. Wiz Freight has raised $58.6M in funding from investors like Tiger Global Management, SBI Investment and Axilor Ventures, with a current valuation of $*****. The company has 1164 active competitors, including 60 funded and 78 that have exited. Its top competitors include companies like Flexport, Forto and Zencargo.
Company Details
Provider of a digital platform for end-to-end freight forwarding solutions. The platform offers services including ocean, air, and surface transportation. It also provides customs and trade advisory, and bulk shipping options. The platform aims to streamline booking, tracking, collaboration, and digital finance for supply chains.
- Website
- wizfreight.com
- Registered Address
- No. 56/ 57, 1st Floor, Rajaji Salai, Chennai, Chennai, Tamil Nadu, India, 600001
Key Metrics
Founded Year
2020
Location
Chennai, India
Stage
Series B
Total Funding
$58.6M in 8 rounds
Latest Funding Round
Post Money Valuation
$***** as on Apr 05, 2025
Investors
Ranked
47th among 1164 active competitors
Annual Revenue
₹500 - ₹1,000 Cr as on Mar 31, 2024
Employee Count
215 as on Aug 31, 2026
Legal entities associated with Wiz Freight
Wiz Freight is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
WIZ TRACKS PRIVATE LIMITED CIN: U63030TN2020PTC136455 , India, Active | Jul 17, 2020 | ₹10 - ₹50 Cr (As on Mar 31, 2024) | 1 (As on Jan 31, 2025) | |
OLS CLEARING & FORWARDING PRIVATE LIMITED CIN: U74990TN2011PTC082854 , India, Active | Oct 24, 2011 | ₹10 - ₹50 Cr (As on Mar 31, 2024) | 11 (As on Jul 01, 2025) | |
RADAR VENTURES PRIVATE LIMITED CIN: U63030TN2020PTC133596 , India, Active | Jan 03, 2020 | ₹500 - ₹1,000 Cr (As on Mar 31, 2024) | 141 (As on Aug 01, 2025) |
Sign up to download Wiz Freight's company profile
Wiz Freight's funding and investors
Wiz Freight has raised a total funding of $58.6M over 8 rounds. Its first funding round was on Apr 30, 2020. Its latest funding round was a Series B round on Jan 13, 2025 for $*****. 5 investors participated in its latest round. Wiz Freight has 18 institutional investors and 35 angel investors.
Here is the list of recent funding rounds of Wiz Freight:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 13, 2025 | 5219743 | Series B | 7773361 | 3658564 | 1107640 | 1968963 |
Jan 03, 2024 | 9392818 | Series B | 2733287 | 8373767 | 5839061 | |
May 18, 2023 | 7830622 | Venture Debt | 3533928 | 9575522 | 3363319 |
Access funding benchmarks and valuations. Sign up today!View details of Wiz Freight's funding rounds and investors
Wiz Freight's founders and board of directors
Founder? Claim ProfileThe founders of Wiz Freight is Ramkumar Ramachandran.
Here are the details of Wiz Freight's key team members:
- Ramkumar Ramachandran: Co-Founder of Wiz Freight. They serve on the boards of 2 companies.Contact Info: 1 email address and 1 phone number
Wiz Freight's Board of Directors
Wiz Freight's board has 3 active members. Ramkumar Ramachandran, Ramkumar Govindarajan and Nandan Venkatachalam are part of team.Here is the list of Wiz Freight's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 7m | |
Team | - | Current | 6y 7m | |
skpbelf | Investor | ebebqbe | Past | 5y 6m |
View details of Wiz Freight's Founder profiles and Board Members
Wiz Freight's employee count trend
Wiz Freight has 215 employees as of Aug 26. Here is Wiz Freight's employee count trend over the years:
Uncover Wiz Freight's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Wiz Freight's Competitors and alternates
Top competitors of Wiz Freight include Flexport, Forto and Zencargo. Here is the list of Top 10 competitors of Wiz Freight, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Flexport 2013, San Francisco (United States), Series E | Provider of end-to-end supply chain logistics platform | $2.5B | 74/100 | |
2nd | Provider of tech-enabled freight forwarding services | $610M | 69/100 | ||
3rd | Zencargo 2017, London (United Kingdom), Series B | Provider of digital freight forwarding and supply chain management services | $66.4M | 63/100 | |
4th |  Nuvocargo 2018, New York City (United States), Series B | Tech-enabled freight forwarding service provider | $75.6M | 63/100 | |
5th | Provider of tech-enabled multi-modal freight forwarding services | $46M | 62/100 | ||
6th |  Airspace 2016, Carlsbad (United States), Series D | Offers web-based cargo management solutions for the air logistics industry | $138M | 62/100 | |
7th | Tech enabled trucking services | $413M | 60/100 | ||
8th |  Beacon 2018, London (United Kingdom), Series B | Provider of a supply chain visibility platform for freight management | $86.6M | 59/100 | |
9th | C.H. Robinson Worldwide 1905, Eden Prairie (United States), Public | Provider of third-party logistics and supply chain management services | - | - | 59/100 |
10th | Ocean freight forwarding aggregator | - | - | 58/100 | |
47th |  Wiz Freight 2020, Chennai (India), Series B | Provider of a digital platform for end-to-end freight forwarding solutions | $58.6M | 44/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Wiz Freight's competitors? Click here to see the top ones
Wiz Freight's Latest cap tables and shareholding
Founders (largest shareholder) own 41.24%, Funds own 32.94%, Enterprises own 4.58% and Angels own 13.19%. The net worth of Wiz Freight's founders is INR 639Cr as of Apr 05, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 41.24% | 639Cr | 2030337 | 6037124 | 7574852 | 8750970 |
1602536 | 6872119 | 1981520 | 3280055 | 3054240 | 1901345 | |
Fund | 32.94% | 510Cr | 6532185 | 3291944 | 2986091 | 5962238 |
6397923 | 8330948 | 6801242 | 9959614 | 1143050 | 6295936 | |
856010 | 608506 | 261210 | 204311 | 410646 | 568751 | |
2 | 8 | 1 | 4 | 3 | 6 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 4.58% | 71.1Cr | 6095 | 5425 | 1977 | 6821 |
Angel | 13.19% | 205Cr | 2117332 | 7103922 | 4110925 | 7834413 |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 0.06% | 98.5L | 0 | 0 | 0 | 0 |
ESOP Pool | 7.98% | 124Cr | 2499272 | 8070078 | 5810975 | 2953180 |
Total | 99.99% | 1,550Cr | 8193378 | 8292364 | 4353471 | 1337882 |
To unlock detailed Cap Table of Wiz Freight Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Wiz Freight's Shareholding
Wiz Freight's Investments and acquisitions
Wiz Freight has made no investments or acquisitions yet.
Reports related to Wiz Freight
Here is the latest report on Wiz Freight's sector:
News related to Wiz Freight
Filter this list•
•
Wiz Freight has raised INR 125 Cr in a Series B funding round led by SBI Investment.Enablers•Feb 01, 2024•Wiz Freight, SBI Mutual Fund, Tiger Global Management, Arali Ventures and 5 others
•
Wiz Freight Receives Minority Investment From Nippon Express HoldingsFinSMEs•Jan 19, 2024•Wiz Freight, Wiz, Thenxgroup, NIPPON EXPRESS HOLDINGS and 6 others
•
Supply Chain Startup Wiz Freight Secures INR 93 Cr As Part Of Series B Funding RoundInc42•Jan 04, 2024•Wiz Freight, SBI Investment, Tiger Global Management, Nippon Express and 4 others
•
WIZ Freight Announces New CCO India to Strengthen Supply Chain and Logistics OperationsLogistics Insider•Nov 30, 2023•Wiz Freight
•
Cross-border fintech startup LeRemitt has raised USD 1.25 Million in a seed funding round led by Axilor VenturesEnablers•Jul 26, 2023•LeRemitt, Axilor Ventures, Capital A, Wiz Freight and 1 other
•
•
•
Supply chain startup Wiz Freight earmarks Rs 300 cr for R&D centreVCCircle•Aug 24, 2022•Wiz Freight, Tiger Global Management, Axilor Ventures, Foundamental and 3 others
•
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Wiz Freight
Explore our recently published companies
- Bernierobbins - Unfunded company
- Baronhats - United States based, Unfunded company
- Nivmeh - 2023 founded, Unfunded company
- eldoLED - United States based, 2005 founded, Unfunded company
- Right E-Waste Recycle - Unfunded company
- Connect Info Solutions - Mumbai based, 2012 founded, Unfunded company
