Saas company FarEye buys IoT platform Dipper Tech

BENGALURU: Saif Partners-backed FarEye, a software-as-a-service (SaaS) provider for ecommerce and supply chain logistics companies, has acquired Dipper Technologies, an internet-of-things (IoT) platform that provides visibility and predictability in freight movement.

FarEye, founded in 2015, works with global companies such as DHL, Amway and Blue Dart, and backs 10 million shipments every day.

“We realised that the need for visibility is only increasing with both commercial customers and consumers wanting to know in real time where their shipments are and when they would arrive. Shippers are losing a lot of time, money and inventory due to unpredicted freight movement,” the company said in a statement.


FarEye recently raised Rs 61 crore in its third round of fundraising and expects to raise more capital next year.

Dipper was founded by Suryansh Jalan and Ayush Syal in September 2015.