Wiz, a digital freight forwarding platform, secures investment from Axilor and partners to revolutionize India's fragmented logistics industry by enhancing efficiency and reducing costs.

Information on the Target

Wiz is a pioneering digital freight forwarding platform designed to streamline and enhance the freight booking process. By focusing on digitization, Wiz aims to minimize complexities associated with traditional freight forwarding, which often relies heavily on outdated methods such as phone calls, paper, and WhatsApp communications. With an impressive team led by industry veterans Ram G. and Ram R., Wiz has developed a full-stack solution that allows businesses to discover, book, and manage cross-border shipments efficiently.

The company's operations are tailored to serve enterprises and mid-market customers primarily in India, the Middle East, and Southeast Asia, which collectively account for a significant portion of the export-import market (EXIM). Wiz has successfully garnered a diverse customer base of over 200 companies, benefiting from a monthly revenue growth rate exceeding 2x since its launch.

Industry Overview in India

India's freight industry is one of the most fragmented sectors globally, characterized by more than 80,000 offline freight forwards, predominantly family-owned businesses. These intermediaries act as connections between shipping lines, other forwarders, and end cus