- February 7, 2017 / 3 min readHyperTrack claims to be operational in over 30 countries with over 100 clients using the firm's services. It has 800 clients who have signed up on the company's platform. Presently, it's charging a fee of 4 cents for every order tracked by HyperTrack.
HyperTrack, which enables businesses to track their executives and products through its software, has raised USD1.5 million from Chamath Palihapitiya's Social Capital, Vy Capital, along with a bunch of angel investors like Deepinder Goyal of Zomato and Hari Bhartia of Jubilant Foods, among others.
Founded in October 2015 by serial entrepreneur Kashyap Deorah, whose earlier venture Chalo was acquired by OpenTable and Chaupaati was bought out by Future Group, HyperTrack closed the funding in three stages over the past few months. Ashish Gupta, co-founder of of Helion Venture Partners has joined the board of the company, said Deorah.
Tapan Pandita is the co-founder of HyperTrack. The company has created a software which offers tracking services on B2B as well as C2C front.
For example, clients like food delivery startups and on-demand logistics services are using HyperTrack to track various aspects of their business such as manpower, sales team and logistics among others.
Co-founders of comparison site Junglee founders Anand Rajaraman and Venky Harinarayan, Investopad, and fund managers of large PE firms have invested in their personal capacity in HyperTrack. Gupta has joined a non-Helion backed company only twice in the past and we feel honored to have him," Deorah said by adding that he wants to invest the capital to strengthen its product and hire another ten people in key roles.
" We also plan to start an office in San Francisco with about five people. We are hiring software engineers, data scientists and developer relations roles," he said.
HyperTrack claims to be operational in over 30 countries with over 100 clients using the firm's services. It has 800 clients who have signed up on the company's platform. Presently, it's charging a fee of 4 cents for every order tracked by HyperTrack.
"We are solving a deep technology problem . Our focus is to continue building a superior product, engage deeper with customers and build the world's best team for location-based services," Deorah said.
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