FreightBro Appoints Suresh Kumar as their Advisor, Raises Seed Round

By SiliconIndia   |   Tuesday, 08 May 2018, 07:38 Hrs
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Apart from raising an undisclosed seed round, FreightBro, an Indian logistics technology company, appointed former Global CIO of Bank of New York Mellon Suresh Kumar, as their advisor. Suresh’s vast experience in running over 10,000 employees will be helpful for FreightBro’s wide expansion throughout the nation and world.

Being a veteran of banking and financial services technologies, Suresh had worked for several industries like online commerce, brokerage workstation platforms, outsourcing, and big data. With over 30 years of experience, he was once inducted into CIO Magazine’s Hall of Fame in 2016. Welcoming Suresh to the FreightBro family, Raghavendran Vishwanathan, CEO, FreightBro, says, “Suresh is a veteran of banking and financial services technologies. Over the past 30 years, he has led the financial services industry in online commerce, brokerage workstation platforms, outsourcing, big data, and most recently blockchain technology. With this strategic alliance and investment, FreightBro is moving forward to expand aggressively across all major and minor port cities of India by the end of 2018. I’m looking forward to advising the firm in their efforts to scale up and deploy the best of the emerging technologies to the shipping industry.”

Founded in 2017, FreightBro was launched at Mumbai and Chennai and aims to improve the current shipping and logistics industry by leveraging technology and digital innovation in areas like AI, machine learning, and blockchain. FreightBro also provides the options for customers to use their plug-and-play to book shipments and analyze the visibility of their cargo through their FB Ship. In addition to that, they also deliver instant quotes, rate management solutions, and business intelligence via their sophisticated and intuitive solution named FB-Forward. Currently, FreightBro have joined hands with Maersk, CMA CGM, APL, Emirates, Safmarine and ONE.

Speaking further, Viswanathan, says, “The financial services industry has been dramatically improved over the past three decades through the creation and deployment of new technology to reduce costs, increase transparency, and develop innovative applications. With FreightBro’s addition of Suresh Kumar as an investor and advisor, we expect he can assist us in bringing similar types of advancements to the shipping logistics industry.”

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