Chicago-based FourKites has started its operations in India with the launch of a new office in Chennai. The startup is looking to appoint a new vice president and aims to double its employee headcount in India by the end of this fiscal.
The new office will be used for research and development, along with building upon its engineering and operation functions. At the moment, there are 153 employees in Chennai and 150 in the US. The startup is also looking to expand its client base as it explores new regions.
Arun Chandrasekaran, Co-founder and Chief Technology Officer, FourKites, said, “The Chennai facility is currently the only engineering centre globally which offers state-of-the-art facilities to employees, whilst providing them ample opportunities for learning and growth through active participation on international projects. We also aspire to be an active member in the local community by conducting much technology and academia connects events.”
FourKites, a real-time supply chain solutions provider startup, uses predictive analytics to track shipment location, temperature, and handle any exceptions that might arise. It was founded by Mathew Elenjickal in 2014. It helps a number of fortune 500 companies and 3PLs with their logistics and supply chain solutions.
It covers all modes of transportation including ocean, rail, air, and over-the-road to give real-time updates on shipments, using a network of over four million GPS/ELD devices. Companies leverage the expertise of FourKites to lower operating costs, ensure timely deliveries, and improve end-customer relationships.
With the launch of its operations in India, the startup has an opportunity to tap into the Indian market as it looks to expand and strengthen its operations.
FourKites had earlier raised $35 million in series B funding led by August Capital in February 2018.