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The Venture Codex

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Asian and emerging market investment management specialist.

Founded

2003

Deals · 12mo

0

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Stage focus

Series C

Geographic focus

Singapore

Sector focus

Financial Services
FinTech
Insurance

Investment portfolio

  • Routematic

    Led · Series C · May 2025

    Routematic, founded in 2013 and based in Bangalore, India, provides technology-driven employee transportation as a corporate Transport-as-a-Service. Its core product is an AI-enabled SaaS platform called the Routematic SuperApp that automates routing, tracking, billing, and compliance for corporate commute management. The company emphasizes safety features such as GPS tracking and panic buttons to deliver predictable commute experiences. Routematic will use the Series C proceeds to expand its fleet, establish city-level command centers, and convert 30% of its vehicles to electric vehicles to enhance sustainability. Its stated mission is to provide the most efficient and sustainable commute solutions for companies around the world. Nivaata Systems Pvt. Ltd. operates Routematic, a platform that offers route planning and fleet aggregation to optimize daily commutes by leveraging both demand- and supply-side capabilities. The company says it aims to make safe and reliable daily commute options available for all while reducing global carbon footprint. Routematic has a presence in 16 cities, serves over 80 customers, and reports more than 1.5 lakh users on its platform. Founded in 2013 by Surajit Das and Sriram Kannan, the startup plans to use recent capital to build out its suite of mobility products. Management positions the business as playing a central role in how big cities handle traffic congestion and environmental issues. The company reported net sales of Rs 26.83 crore for FY 2018-19 and losses of Rs 4.13 crore. Routematic is an AI-enabled, tech-driven commute marketplace that provides a single-window employee transport solution and a fleet marketplace. Its platform automates and optimizes distribution and planning, transportation, asset monitoring, logistics, and sales-force effectiveness for organisations. The startup says it can reduce an organisation’s fleet cost by 10–15%, deliver 100% statutory compliance and eliminate fleet shortages. Routematic operates in six cities including Pune, Bengaluru, Delhi NCR and Chennai and was founded in 2013. The company is building a smart-city urban mobility network through electric vehicle supply-chain technology. With the fresh funding, it plans to expand staff transportation, fleet marketplace and staffing operations and to establish itself as a notable EV player within the next 12 months.

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