HyperTrack, a provider of logistics APIs for post-dispatch ground truth, had raised $25 million in its Series A funding round from WestBridge Capital and existing investor Nexus Venture Partners.
The startup plans to use the funds to focus on expanding its global engineering teams and release its product BuilderX, which enables faster time-to-market for last-mile logistics tech players.
San Francisco, CA-based HyperTrack was founded in 2015 by serial entrepreneurs Kashyap Deorah along with Tapan Pandita and Abhishek Poddar, It provides a suite of location- and movement-based tools that developers can put together to build applications that track orders, manage fleets, and help with action-based reimbursement.
Its API platform for logistics tech builders is creating solutions for last mile fulfillment by integrating mobile, maps and cloud under the direction of Founder and CEO Kashyap Deorah. The startup uses real-world data to inform its order API for planning, assignment, tracking and fulfillment to enhance operational KPIs.
“Gig workers and the growing need for same-day delivery in the ‘here and now’ economy requires re-thinking of the logistics stack. Our solution is transforming massive industries as disruptors continue to use our API Platform to build logistics apps for the future. This funding will help fuel our mission in changing the way all industries deliver products and services ,” said Kashyap Deorah, founder and CEO of HyperTrack.“
“Logistics represents 12% of global GDP, yet the technology that enables it is stuck in the past. We are seeing a strong movement in the market to upgrade logistics tech solutions through in-house builds and HyperTrack is the API of choice for these developers. The last mile logistics market deserves its own cloud,” said Sumir Chadha, managing partner of WestBridge Capital.
“The complexity and effort involved in stitching up mobile OS, cloud and maps to build last mile logistics use cases are massive. Nexus is a steadfast believer in the power of API-first companies built on product-led growth. It’s a privilege to be an early partner in HyperTrack’s journey with BuilderX, and we look forward to seeing the team further deepen value for logistics tech builders,” said, Abhishek Sharma, managing director of Nexus Venture Partners.
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HyperTrack, the leading in logistics APIs for post-dispatch ground truth.
Their order APIs for planning, assignment, tracking, and completion learn from ground truth data to improve operations KPIs.
Customers across all inhabited continents use HyperTrack’s comprehensive suite of APIs, SDKs, and webhooks. Headquartered in San Francisco, California, HyperTrack is backed by top Silicon Valley investors and advisors with global reach.