Bangalore, October 25, 2016 – Trukky, a mobile app based on-demand inter-city freight transportation service for SMEs, Raise an Undisclosed Angel Round From Gautham Radhakrishnan (Tata Opportunities Fund), Keyur Joshi (MakeMyTrip) and other investors on LetsVenture.
“I’m very excited about Trukky! The existing model of finding trucks for SME’s has too many intermediaries. Hence bringing the eventual truck owner (who also happens to be a driver many times) directly to the customer through technology will bring in efficiencies as well as save money for both parties. Secondly, millions of tons of cargo space every day is going unutilized in form of trucks running less than full loads or returning to their base. Technology can bring this cargo space to the market very efficiently. This Space provides one of the best opportunities for disruption in the world, more so in India.” said Keyur Joshi, Co-founder of MakeMyTrip and lead investor in the round.
“Trukky is addressing a significant opportunity in Indian logistics for the spot booking market, and by addressing the less than truckload market, a potential area to increase efficiency in logistics and significant marginal benefit for all parties. Subhasish and the team have diligently, frugally and cleverly built a platform the hard way to build logistics supply, a payment channel and a network piece by piece. He and the team appear to be well qualified to make this work combining a systematic approach and basic discipline to a sector lacking in both. Persistence will take them further.” said Gautham Radhakrishnan, Partner, Tata Opportunities Fund and lead investor in the round.
Trukky is a mobile app based on-demand inter-city freight transportation service for SMEs. It leverages technology to provides dynamic pricing, part load transfer and real time tracking of goods to its clients.
Founded in 2013, LetsVenture enables startups and investors to discover and connect with each other. There are 12000+ startups and 2200+ investors on the platform. LetsVenture works with startups and investors on discovery, syndication and closure. This involves managing due diligence and paperwork closure. LetsVenture has enabled more than 100 startups to raise over $40mn.