Tuesday, 1 September 2020

Trukky, an online logistics service platform, raises funding from Mumbai Angels Network


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Trukky, an online logistics service platform, raises funding from
Mumbai Angels Network
Trukky is a Gurgaon based startup that is a logistics aggregator offering On-demand transportation solutions to cater to goods movement in both full load & part load segments. They have developed a cargo intelligence engine which predicts the cargo type based on volume, mass & other variables to assist upfront pricing engine and supply engine.
Subhasish Das and Saswat Sahu, founders said, “During nationwide lockdown the company not only performed well with 10% Quarterly growth but also turned EBITA positive driven by 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.”
Neil Mehta, Mumbai Angels Network member shares his thoughts on the investment, “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.”
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network, commented, “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 option. 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”.

About Mumbai Angels Network: 

Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur, Chennai). It has a 140+ strong portfolio with 45+ exits and has invested 150+ crores.

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