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Trukky raises funding from Mumbai Angels

Gurgaon-based On-demand transport solutions provider, Trukky has raised an undisclosed amount from Mumbai Angels Network.

Founded by Subhasish Das and Saswat Sahu, Trukky is a Logistics aggregator offering on-demand transportation solutions to cater to goods movement in both full and part load segments. The startup has also developed a cargo intelligence engine that predicts the cargo type based on volume, mass, and other variables to assist upfront pricing engine and supply engine.

Speaking on the fundraise, Trukky founders Subhasish Das and Saswat Sahu said, “During the nationwide lockdown, the company not only performed well with 10% quarterly growth but also turned EBITA positive driven by the digital interface to improve customer acquisition, near-zero cost of customer acquisition & optimizing available cargo space through load sharing services to move essential goods.”

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“Funds raised will be used to enhance user experience & freight intelligence for better pricing and digital load consolidation to make load sharing services convenient and safer for spot bookings,” they added.

Commenting on the investment in Trukky, Neil Mehta, a Mumbai Angel Network member, said: “Trukky is attempting to bring the SME logistics space into the internet era with their truck spot-booking platform. Always exciting to see experienced founders tapping into yet another market waiting to be digitized.”

“Trukky is a web and app-based online transport booking platform that makes the process of booking a truck easy for quick and prompt goods delivery options. We see a lot of progression in the online transport booking sector as we have observed a dynamic shift from offline services to online services which are easy to access and we are happy to introduce Trukky as a part of our portfolio,” Nandini Mansinghka, Co-promoter and CEO of Mumbai Angels in her statement added.