The Weekly Dispatch

Startup Spotlight

Freightify

Founded in 2016, Freightify is a freight-tech start-up aiming to revolutionise the trillion-dollar international freight industry. Freightify empowers freight forwarders by providing white-labeled rate automation solutions to digitise their rate procurement, rate management, and quotation processes with ease.

What they do:

Freightify makes software that serves freight operators with their requirements of white labelled customer portals, tracking and tracing of shipments in real-time and integration with existing transportation management systems. The company's mission is to democratise technology for freight forwarders. Digitization of global trade can be attained by making technology accessible to freight forwarders.

Why they're different:

Freightify’s SaaS platform allows freight forwarders to Procure, Manage and Quote freight prices (including all possible ancillary charges) in less than 2 minutes. The platform allows any forwarder to create a digital storefront to serve their customers better.

Funding Status: In Feb 2023, Freightify raised $12 million in its Series A round led by Sequoia Capital India with participation from TMV and Alteria Capital.

Trending in Startups

• Kovai.co announced a distribution of $1.62 million (?14.5 crore) as bonuses to around 140 of its employees, called the “Together We Grow” bonus.
• Snap Inc, the parent company of Snapchat, has promoted Ajit Mohan, its APAC President, to the position of Chief business officer (CBO).
• The board of directors of Info Edge has approved a stock split in the ratio of 1:5. This is the first ever stock split by the company.
• Bhavish Aggarwal has announced the launch of the Krutrim AI Labs to develop AI specifically designed for India.
• BharatPe’s Chief Marketing Officer, Parth Joshi, has resigned to launch his own venture.
• FM Nirmala Sitharaman announced a fresh round of the Fund of Funds for Startups (FFS) with a corpus of ?10,000 cr, underscoring the government’s determination to bolster innovation and entrepreneurship in India.
• Priyanka Gill, Co-founder of The Good Glamm Group who joined Kalaari Capital as a venture partner in January last year has now stepped down from the firm to start her own venture.

Startup Resources

Book Recommendation of the Week: ??

The Elephant Catchers by Subroto Bagchi

Why do companies that start strong struggle to achieve transformational growth? In The Elephant Catchers, Subroto Bagchi explores this critical challenge, drawing from years of experience and real-world anecdotes. Packed with insightful analogies, this book offers a roadmap for businesses looking to scale beyond their initial success.

A must-read for founders and leaders aiming for sustainable growth!

Startup Accelerator:

Y Combinator is accepting applications for the Spring 2025 Batch funding cycle. The batch will take place from April to June in San Francisco. The batch will take place in-person at YC's campus in San Francisco. It starts with a 3-day, in-person kick-off and features weekly meetups.

The deadline to apply on-time is February 11 at 8pm PT.

Click here for more details: https://www.ycombinator.com/apply

Startup meme of the week

Events & Networking

Startup Expo '25 (part of E-Summit) - 2nd March 2025 · at IIT Madras Campus - Chennai

The Startup Expo, part of E-Summit 2025 from 28th Feb - 2nd March, offers startups the chance to showcase their products to thousands of students, investors, and professionals. As the largest startup showcase in the southern region, it provides a prime opportunity to network with VCs, professors, and industrialists while gaining exposure and building connections.

Click here for more details: Startup Expo - IIT-M

Job Board

Open positions at fast-growing startups that are looking for top talent.

• Avaap (Workday Integration Consultant) - Exp: 5 to 8 Years | Location: Anywhere in India | Work Mode: Remote - Click to Apply
• Consark.AI - (Backend Developer) - Exp: 3 to 6 Years | Location: Chennai | Work Mode: In-office - Click to Apply
• YourTribe - (VP of Marketing) - Exp: 5 to 10 Years| Location: Chennai| Work Mode: Remote| Click to Apply

Quote of the Week

“I think it is possible for ordinary people to choose to be extraordinary.” – Elon Musk, Founder.

Welcome to this week's edition of 'The Weekly Dispatch'.

Your ultimate guide to the startup world! Whether you’re a founder, investor, or just love innovation, this newsletter brings you the latest insights, news, and resources to thrive in the startup ecosystem. Explore trends, stories, and strategies shaping the future of entrepreneurship!