How Freightify Tripled Its Monthly Turnover?

Freightify is a freight-tech startup aiming to bring digital solutions to the large, unorganized market of the international freight forwarding industry with a comprehensive digital platform to streamline rate management, automate tasks, and offer data-driven insights. This allows companies of all sizes, from large shipping corporations to logistics providers, to streamline their operations. Some of Freightify's notable clients include AllCargo, Delhivery, and IndianShipping.

With a mixed capital allocation of debt and equity, Freightify's initial growth was hampered by limited working capital, hindering its ability to address the significant operational expenses inherent to the transportation industry. These expenses included high server costs, salary overheads, upfront shipment and container acquisition costs, and strained cash flow management.

Freightify partnered with Recur Club to address its capital challenges. After a swift due diligence process completed in 2 days, Freightify raised capital from Recur Club for the first time in May 2022. Over the following 22 months, Freightify secured capital from Recur Club 8 times worth a total of ₹14.65 Cr. This capital infusion provided the necessary resources to overcome hurdles and pursue its growth plans.

Freightify's YoY revenue increased by 1.5x, and its EBITDA loss was reduced by a significant 95%. This financial boost also helped strengthen its supply chain across continents, expand its service offerings, and significantly enhance its technological infrastructure.