Wiz Freight - About the company
Wiz Freight is a series B company based in Chennai (India), founded in 2020 by Ramkumar Govindarajan and 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 1075 active competitors, including 57 funded and 73 that have exited. Its top competitors include companies like Flexport, sennder and Nuvocargo.
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
- Email ID
- *****@wizfreight.com
- Registered Address
- No. 56/ 57, 1st Floor, Rajaji Salai, Chennai, Chennai, Tamil Nadu, India, 600001
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 |
|---|---|---|---|---|
OLS CLEARING & FORWARDING PRIVATE LIMITED CIN: U74990TN2011PTC082854 , India, Active | Oct 24, 2011 | $4.57M (As on Mar 31, 2024) | 53 (As on Feb 29, 2024) | |
RADAR VENTURES PRIVATE LIMITED CIN: U63030TN2020PTC133596 , India, Active | Jan 03, 2020 | $103M (As on Mar 31, 2024) | 331 (As on Mar 01, 2025) | |
WIZ TRACKS PRIVATE LIMITED CIN: U63030TN2020PTC136455 , India, Active | Jul 17, 2020 | $1.6M (As on Mar 31, 2024) | 1 (As on Jan 31, 2025) |
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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 $*****. 4 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 | 6093224 | Series B | 7103700 | 3266868 | 6627750 | 2582156 |
Jan 03, 2024 | 9436022 | Series B | 7414235 | 1159806 | 4398316 | |
May 18, 2023 | 9859087 | Venture Debt | 2289672 | 7231109 | 7616254 |
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Wiz Freight's founders and board of directors
Founder? Claim ProfileThe founders of Wiz Freight are Ramkumar Govindarajan and Ramkumar Ramachandran. Ramkumar Govindarajan is the CEO of Wiz Freight.
Here are the details of Wiz Freight's key team members:
- Ramkumar Govindarajan: Co-Founder & CEO of Wiz Freight. They are also an angel investor in 4 startups and serve on the board of 1 company.Contact Info: 1 phone number
- Ramkumar Ramachandran: Co-Founder of Wiz Freight. They serve on the boards of 2 companies.
View details of Wiz Freight's Founder profiles and Board Members
Wiz Freight's employee count trend
Wiz Freight has 1 employees as of Jan 25. The total employee count is 97.0% lower than what it was in Jan 24. Here is Wiz Freight's employee count trend over the years:
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Wiz Freight's Competitors and alternates
Top competitors of Wiz Freight include Flexport, sennder and Nuvocargo. Here is the list of Top 10 competitors of Wiz Freight, ranked by Tracxn score:
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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 | 81/100 | |
2nd | Tech enabled trucking services | $413M | 69/100 | ||
3rd |  Nuvocargo 2018, New York City (United States), Series B | Tech-enabled freight forwarding service provider | $75.6M | 68/100 | |
4th | Zencargo 2017, London (United Kingdom), Series B | Provider of AI-enabled freight forwarding services | $66.4M | 64/100 | |
5th |  Airspace 2016, Carlsbad (United States), Series D | Offers web-based cargo management solutions for the air logistics industry | $138M | 62/100 | |
6th | Provider of tech-enabled multi-modal freight forwarding services | $46M | 62/100 | ||
7th | Ocean freight forwarding aggregator | - | - | 59/100 | |
8th |  Beacon 2018, London (United Kingdom), Series B | Provider of a supply chain visibility platform for freight management | $86.6M | 49/100 | |
9th |  Full Truck Alliance 2017, Guiyang (China), Public | Tech-enabled freight forwarding service provider | $1.69B | 59/100 | |
10th | Provider of tech-enabled freight forwarding services | $610M | 58/100 | ||
80th |  Wiz Freight 2020, Chennai (India), Series B | Provider of a digital platform for end-to-end freight forwarding solutions | $58.6M | 40/100 |
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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 | 3392280 | 3551885 | 9296822 | 8476391 |
1095131 | 6487447 | 6294701 | 8219776 | 3428980 | 3856897 | |
4673683 | 6564743 | 7669193 | 5354837 | 6593748 | 8177548 | |
Fund | 32.94% | 510Cr | 3819661 | 8831692 | 3769731 | 3657851 |
7106117 | 3153374 | 6860367 | 8397925 | 4521643 | 2054154 | |
268461 | 548694 | 404737 | 496712 | 359770 | 440746 | |
3 | 5 | 1 | 7 | 4 | 5 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 4.58% | 71.1Cr | 5747 | 6756 | 3308 | 9375 |
Angel | 13.19% | 205Cr | 1957158 | 2453563 | 8803312 | 8701637 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 0.06% | 98.5L | 0 | 0 | 0 | 0 |
ESOP Pool | 7.98% | 124Cr | 7267151 | 5371090 | 9666458 | 8592944 |
Total | 99.99% | 1,550Cr | 2403588 | 7650706 | 8279356 | 7639896 |
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•
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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
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Wiz Freight Receives Minority Investment From Nippon Express HoldingsFinSMEs•Jan 19, 2024•Wiz Freight, Wiz, Thenxgroup, NIPPON EXPRESS HOLDINGS and 6 others
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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
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WIZ Freight Announces New CCO India to Strengthen Supply Chain and Logistics OperationsLogistics Insider•Nov 30, 2023•Wiz Freight
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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
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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
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