Sequoia leads $12 mn funding round for SaaS platform Freightify

Freightify, a software-as-a-service (SaaS) platform for freight rate management, has raised $12 million in Series A funding round led by Sequoia Capital India. The round also saw participation from TMV, Alteria Capital, Nordic Eye Venture Capital and Motion Ventures. Founded in 2016 by Raghavendran Viswanathan, the startup has secured $14.5 million in funding to date.