SaaS-based startup TreZix has closed a seed funding round of $2 Mn (around INR 17.3 Cr) co-led by Morphosis Venture Capital and Pentathlon Ventures to strengthen its footprint in India and the US market.
Announcing the fundraise in a LinkedIn post, the Surat-based company said that the fresh capital will be used for market and product expansions. It also aims to scale up its sales and marketing teams across India and also foray into the US market.
Moreover, in the next three to six months, the startup plans to roll out tailored EXIM (Import and Export) solutions to target 15 industries which will help businesses in efficient record management, driving revenue growth and geographic expansion. Also, the company will be unveiling a new plug and play onboarding system for smooth integration enabling businesses to adopt the platform quickly and effortlessly.
“This funding marks a significant milestone in our journey to become the leading solution for EXIM operations globally. We are excited to empower more businesses with efficient and smarter ways to manage their cross-border trade processes,” said Sunil Kharbanda, cofounder and COO of TreZix.
“The traction TreZix has gained demonstrates a clear demand for such solutions, and we are thrilled to partner with them as they scale globally and support more businesses in international trade,” Saurabh Lahoti, managing partner of Pentathlon Ventures said.
Back in 2023, TreZix secured $1.2 Mn in seed funding from Soha Ventures and angel investors. The funding also included grants from the Gujarat government.
Founded in 2020 by Kharbanda, Haresh Calcuttawala and Shailesh Sapale, TreZix aims to streamline import and export solutions with its SaaS platform and a dashboard the helps businesses make informed decisions.
The company helps to connect businesses with suppliers, vendors, banks, and the centre’s Unified Logistics Interface Platform (ULIP) which enhances efficiency, boosts revenue, and ensures compliance.
According to Inc42’s research the SaaS opportunity in the country is estimated to surpass the $70 Bn mark by 2030, at a CAGR of 31% over the next five years.
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