Wiz Freight Announces INR 125 Crore Series B Funding led by Japanese Venture Capital SBI Investment & Nippon Express

WIZ is gearing up to expand into five more countries with 10 new locations, across Saudi Arabia, Vietnam, China, Malaysia, and parts of Europe Focus on tech expansion with new products in pipeline Signed a MoU with the Tamil Nadu government for a proposed investment of 300 Crores in the state over the next five years is expected to create 2000 more jobs Chennai, 31.01.2024: WIZ Freight, a full-stack digital cross-border supply chain start- up, has raised Series B funding of INR 125 Crore in equity led by Japan-based SBI Investment at a post-money valuation of INR 1400 Crore registering a 50% jump in the valuation from its last round. The company plans to raise the Series B round in two tranches. The current fund raise is a part of the larger round which the company intends to close this year. The round also saw participation from Tiger Global, NIPPON EXPRESS HOLDINGS, Axilor Technologies Fund, Foundamen...