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.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | RADAR VENTURES PRIVATE LIMITED |
|---|---|
| CIN | U63030TN2020PTC133596 |
| PAN | AACCW5805A — confirmed (Tofler; cross-validated against both GSTINs found, which embed the same PAN) |
| Status | Active (private company limited by shares, non-government); Registrar-compliant. Note: independent trade press (The Loadstar, 17-Sep-2025) reports an operational crisis at the trading brand Wiz Freight — mass exodus of executives and suspension of export bookings — as of Sep 2025. Registry status is unaffected (still Active) but this is a material going-concern flag. |
| Listing | Unlisted (private limited company) — source: Falconebiz |
| Incorporated | 03 January 2020 (sources disagree on the day only slightly — one aggregator misprinted "03 Dec 2020"; two independent primary-style sources, Tofler and Falconebiz, agree on 03 Jan 2020, taken as confirmed) |
| ROC | RoC-Chennai (Tamil Nadu) — confirmed, Tofler + Falconebiz + TheCompanyCheck |
| Sector (NIC) | 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. |
| Registered address | No. 56/57, Rajaji Salai, Chennai G.P.O., Chennai, Tamil Nadu 600001, India (confirmed — Tofler + Falconebiz + TheCompanyCheck). Note: an operational/GST address of "31, Dr. Radhakrishnan Salai, Mylapore, Chennai, TN 600004" also appears in some GST/import-data listings — likely a place-of-business/branch address rather than the registered office; flagged as a minor conflict, not resolved with certainty. |
| Authorized capital | ₹10.05 crore (₹10,05,00,000) — confirmed, Tofler + Falconebiz |
| Paid-up capital | ₹12.70 lakh (₹12,70,400) — confirmed, Tofler + Falconebiz |
Business Overview
Confirmed- 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
Partial / conflictingConfirmed (≥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
Partial / conflicting| 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
Partial / conflicting- 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
Confirmed- 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
Charges / Borrowings
Partial / conflictingPer 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).
Legal
Partial / conflicting- 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
Confirmed- 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)
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