HomeNewsTrukky raises funding from Mumbai Angels

Trukky raises funding from Mumbai Angels

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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.

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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.”

“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.

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
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