India, May 27 -- Gurugram-based fleet management and predictive analytics startup Fleetx.io has raised INR 113 Cr (around $13.2 Mn) in a Series C funding round co-led by existing backers IndiaMART Intermesh Limited and BEENEXT's Accelerate Fund.

The round comprises a mix of primary and secondary investments, with nearly 60% of the capital coming from the primary component, while the rest was raised through secondary transactions, a source told Inc42

With this fundraise, the startup's post-money valuation reached around INR 1,200-1,300 Cr.

Following the round, the promoters' stake stands at around 20%. In the secondary transaction, LetsVenture's Angel Fund, along with several other angel investors, made a complete exit.

In a LinkedIn p...