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.
Last updated 4 August 2026
Radar Ventures Private Limited, trading as Wiz Freight, is a Chennai-based digital freight forwarding startup founded in January 2020 that offers tech-enabled ocean, air, and road freight services for importers and exporters. The company raised approximately $58.6 million across multiple rounds, reporting revenues of around Rs 1,260 Cr in FY2023 before declining to Rs 848.83 Cr in FY2024. As of September 2025, trade press reported an operational crisis marked by executive departures and suspended export bookings.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | RADAR VENTURES PRIVATE LIMITED |
|---|---|
| CIN | U63030TN2020PTC133596 |
| PAN | AACCW5805A — confirmed |
| Status |
|
| Listing | Unlisted (private limited company) — source: Falconebiz |
| Incorporated | 03 January 2020 |
| ROC | RoC-Chennai (Tamil Nadu) |
| Sector (NIC) |
|
| Registered address |
|
| Authorized capital | ₹10.05 crore (₹10,05,00,000) |
| Paid-up capital | ₹12.70 lakh (₹12,70,400) |
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
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Ramkumar Govindarajan | 03602170 | - | 03-Jan-2020 |
| Ramkumar Ramachandran | 00620912 | - | 03-Jan-2020 |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 33AACCW5805A1ZU | Tamil Nadu | AACCW5805A — confirmed (Tofler; cross-validated against both GSTINs found, which embed the same PAN) | Active |
| 29AACCW5805A1ZJ | Karnataka | AACCW5805A — confirmed (Tofler; cross-validated against both GSTINs found, which embed the same PAN) | - |
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
- 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 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, 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
Funding
- Total funding ≈ $58.6M over 8 rounds from 53 investors
- 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
- 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
- A further round dated Jan 2025 is flagged on Tracxn but investor/amount details are masked/undisclosed — not obtained
Charges / Borrowings
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.
Legal
- 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
Competitors
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