Delhi-based HyperTrack has raised$7 million in Series A round of funding led by Nexus Venture Partners and Founders Fund. With the funding, Naren Gupta of Nexus Venture Partners has joined HyperTrack board which already has Ashish Gupta, co-founder of Helion Venture Partners.
HyperTrack, a start-up that helps businesses track products and people in real time. It provides simple APIs for developers to build dynamic location features (tracking, metering, trip replays) and live ETAs.
HyperTrack was co-founded by Kashyap Deorah, a serial entrepreneur and the author of The Golden Tap, a book on Indian start-ups, and Tapan Pandita, who together pooled in $300,000 to launch the venture in november 2015.
Hypertrack founder Mr. kashyap also commented on the funding,
“HyperTrack has been testing for a year with Asia’s leading companies and clocks over 1 million hours tracked per month. Forward thinking companies use HyperTrack to build and operate live location features in delivery (Zomato), service (HouseJoy), travel (MakeMyTrip), transport (Redbus), logistics (Delhivery), sales (Toppr) and more.”
He welcomed Naren Gupta (Nexus Venture Partners) and Kevin Hartz (Founders Fund) as Series A investors in HyperTrack through his blogpost.
He also mentioned a comment in his blogpost from Kevin Hartz of Founders Fund,
“we are not building a company here, we are building an industry”. It is no coincidence that Founders Fund has backed industry creators like SpaceX, Palantir, Stripe, Flexport, Stemcentrx, Facebook, Spotify and many others.”
He also appreciated Naren Gupta of Nexus partners,
“It was a thrill when my friend Thomas Abraham of Quandl introduced me to Naren during my visit to the Bay Area in Nov 2016. Fifteen minutes into the meeting, Naren had viscerally connected with the vision of HyperTrack. Another fifteen minutes later, he went on to amplify the vision by coining the phrase “dynamic location” that we have now adapted as “live location”.
His experiences with Postman, H2O.ai and several other developer-first companies in the portfolio connect deeply with HyperTrack’s passion for building a developer platform for the world. Naren brings wisdom in times of crisis, a sense of calm in times of anxiety, and unconditional trust in times of adversity. We are fortunate to have his guidance and direction in our journey.”
Read the full blogpost here