COMPANY INTELLIGENCE PROFILE
RADAR VENTURES PRIVATE LIMITED
Chennai-based digital freight-forwarding startup (trading as Wiz/Wiz Freight, CIN U63030TN2020PTC133596) that raised ~$58.6M but hit a reported 2025 operational crisis with executive exodus and suspended export bookings.
Radar Ventures Private Limited, trading as Wiz or Wiz Freight, is a Chennai-based digital freight-forwarding startup. Established in January 2020, it provides full-stack services for importers and exporters across various transport modes. The company has raised approximately $58.6 million but faced an operational crisis in 2025, marked by departures of executives and suspension of export bookings. Despite these challenges, Wiz Freight remains active and DPIIT-recognized.
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Business Overview
- Trading as "Wiz" / "Wiz Freight", also associated with the "Elyxr AI" tech platform and "Magikcargo" brand, Radar Ventures Private Limited is a Chennai-headquartered, tech-enabled full-stack digital freight forwarder founded in Jan 2020 by Ramkumar Govindarajan and Ramkumar Ramachandran.
- It offers door-to-door ocean/air/road freight for importers and exporters: instant capacity discovery, dynamic pricing, booking management, shipment tracking, automated documentation and shipment finance.
- At its peak (2024) it claimed 1,000+ employees across ~47 offices including India, US, UAE, Thailand, Singapore and Hong Kong, serving 1,500+ businesses.
- DPIIT-recognised startup.
- Company was formerly named "Wiz Logtec Solutions Private Limited." Trade press, The Loadstar, Sep 2025, reported a subsequent operational crisis with executive departures and suspended export bookings — current operating scale is uncertain post-crisis.
- Sources: Foundamental/YourStory funding writeups, TheCompanyCheck, LinkedIn, The Loadstar.
Sector & Classification
Transport & storage — "Other supporting transport / logistics activities" (3PL / digital freight forwarding). NIC division H, class ~H5210 (warehousing/support transport activities). Confirmed across Tofler/Falconebiz/TheCompanyCheck.
Directors & Key Management
Directors — source notes
Confirmed (≥2 sources, Tofler + Falconebiz): (1) Ramkumar Govindarajan — DIN 03602170, Director since 03-Jan-2020, shareholder-director, co-founder. (2) Ramkumar Ramachandran — DIN 00620912, Director since 03-Jan-2020, shareholder-director, co-founder. Partial/unverified: a third name, Nandan Venkatachalam, appears listed as a director/co-founder in some secondary aggregator snippets (Tracxn, GST-search mirrors) but no DIN could be confirmed for him from a reliable source — treat as partial, not confirmed. No past/resigned directors data obtained (locked behind premium tiers on Falconebiz).
GST Registrations
Primary GSTIN (Tamil Nadu, home state): 33AACCW5805A1ZU, PAN AACCW5805A, registered ~09-Mar-2020, status shown Active on the mirror consulted (partial — could not independently re-verify live status via a working KnowYourGST individual page). Additional registration found: Karnataka — 29AACCW5805A1ZJ (same PAN). Secondary sources allude to further state registrations beyond TN/KA but a complete state-by-state count was not obtainable from accessible sources — #registrations therefore reported as "≥2, full count not obtained." Source: piceapp.com GST mirror, cross-checked against PAN from Tofler.
Financials
RADAR VENTURES PRIVATE LIMITED's FY2023 revenue was approximately ₹1,260-1,325 Cr, marking a significant increase from the previous year. However, FY2024 saw a revenue decline to ₹848.83 Cr, down around 33% year-on-year. Auditor: Guru & Ram LLP.
AI-generated, may contain errors.
- Standalone, per company filings mirrored on aggregators, fiscal year figures show some cross-source variance, flagged: FY2023, year to 31-Mar-2023, revenue ≈ ₹1,260 Cr, Tofler, +282% YoY, vs ≈ ₹1,325 Cr per YourStory/Foundamental funding coverage (+~300% YoY) — same order of magnitude, treated as partially confirmed.
- FY2024, year to 31-Mar-2024, revenue ₹848.83 Cr, down ~33% YoY — single source, TheCompanyCheck, not independently corroborated, so partial only.
- EBITDA, PAT and net worth are locked behind premium tiers on all mirrors accessed — not obtained.
- Borrowings/charges, see charges field.
- Auditor: Guru & Ram LLP, FY24, TheCompanyCheck, partial.
Funding History
- Total funding ≈ $58.6M over 8 rounds from 53 investors, Tracxn/Crunchbase aggregate, partial — exact figure not cross-confirmed with a primary filing.
- Rounds identified: Angel — Apr 2020, amount undisclosed.
- Series A — Mar 2022, ₹275 Cr (~$36M) combined equity+debt, YourStory/Foundamental.
- Venture Debt — May 2023, Trifecta Capital (Tracxn).
- Series B — Jan 2024, ₹125 Cr (~$15M), lead SBI Investment (Japan), with Tiger Global Management, Nippon Express Holdings, Axilor Technologies Fund, Foundamental, Arali Investments, Unikon Shipping Ventures + family offices
- Post-money valuation reported at ₹1,400 Cr (~$168M), a ~50% step-up, Foundamental/YourStory, confirmed by 2 sources. A further round dated Jan 2025 is flagged on Tracxn but investor/amount details are masked/undisclosed — not obtained.
Loans & Charges
- Per TheCompanyCheck, single source, partial — not cross-confirmed, treat with caution: Open charges totalling ₹480.33 Cr — HDFC Bank ₹127.84 Cr, HSBC ₹4 Cr, other lenders (aggregated) ₹348.50 Cr.
- Satisfied/closed charges: ₹13 Cr.
- No independent MCA-charge-index cross-check was performed, mca.gov.in is excluded per instructions.
Credit Ratings
- None found.
- No CRISIL/ICRA/CARE rating for Radar Ventures Private Limited or Wiz Freight surfaced in any source searched, despite the company carrying bank borrowings, HDFC, HSBC per charges data, — reported as "none found" rather than assumed absent, since many closely-held fundraised startups rely on unrated bank facilities.
Legal & Compliance
- No Indian Kanoon case specifically naming "Radar Ventures Private Limited" was found via search, indiankanoon.org page could not be located/fetched directly.
- Separately flagging a significant non-litigation business/legal risk item: The Loadstar, theloadstar.com, 17-Sep-2025, paywalled but summarized via search, reported that Wiz Freight suffered a mass exodus of executives and progressively suspended export bookings, with a former executive quoted saying "we were being restricted from accepting bookings" — indicative of severe operational/financial distress as of Sep 2025.
- This is trade-press reporting, not a court record.
Competitive Landscape
- Digital freight-forwarding / tech-enabled logistics peers, roughly ranked by scale: Flexport, San Francisco — global leader, ~$2.5B raised, Series E
- Forto, Berlin, ~$610M raised
- Sennder, Berlin, ~$413M raised
- Zencargo, London, ~$66M raised
- Nuvocargo, NYC, ~$76M raised
- Shippio, Tokyo, ~$46M raised, — global comparables per Tracxn.
- India-specific comparables, added from category knowledge, not the same source: Cogoport, Freightwalla, and Shipsy — similar-stage Indian digital-freight/logistics-tech startups.
- Source: Tracxn competitor listing (global names) + general market knowledge, India names, unverified against a dedicated source, flagged as such.
Frequently Asked Questions
What does the company do?
Radar Ventures Private Limited, trading as Wiz Freight, is a Chennai-based digital freight-forwarding startup. It offers door-to-door ocean, air, and road freight services for importers and exporters, providing instant capacity discovery, dynamic pricing, booking management, shipment tracking, automated documentation, and shipment finance.
What is the company's CIN?
The company's CIN is U63030TN2020PTC133596.
What is the company's GSTIN?
The primary GSTIN for the company is 33AACCW5805A1ZU for Tamil Nadu. There is also a GSTIN registration in Karnataka as 29AACCW5805A1ZJ.
When was the company incorporated?
The company was incorporated on 03 January 2020.
Where is the company's registered office located?
The registered office of the company is located at No. 56/57, Rajaji Salai, Chennai G.P.O., Chennai, Tamil Nadu 600001, India.
Sources
Tofler (tofler.in) — CIN/name/incorporation/RoC/address/capital/directors/PAN. Falconebiz (falconebiz.com) — CIN/name/directors+DINs/former-name/RoC confirmation. TheCompanyCheck (thecompanycheck.com) — financials FY24, charges, brands/subsidiaries count, employees, auditor. piceapp.com (GST mirror) — GSTINs (TN 33AACCW5805A1ZU, KA 29AACCW5805A1ZJ). LinkedIn (in.linkedin.com/company/wizfreight) — company description, website, HQ, headcount. Foundamental (foundamental.com) and YourStory (yourstory.com) — Series A/B funding detail, investors, valuation, founders, FY23 revenue. Tracxn (tracxn.com, funding-round names/investor counts only, per instructions) — total funding aggregate, round dates, competitor list. The Loadstar (theloadstar.com, via search summary) — 2025 operational-crisis reporting. wizfreight.com — attempted logo/domain confirmation (found parked placeholder page only).
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.