Truck-Suvidha, which enrolls only those truck providers whose vehicles are equipped with tracking systems. Started in September, TruckSuvidha has about 23,000 truck transporters on its platform, each paying up to Rs 45,000 annually to contact prospective customers online.
Customers can post and search for loads and trucks on the website and at the same time can track and receive requests for the same. The service can be utilised by transporters, truck drivers, packer and movers and even people who are looking for intercity or interstate shifting of their household goods.
Customers can select trucks based on their requirements. This helps logistics heads, transporters, delivery heads etc., manage the movement of the vehicle and material loads efficiently, at the same time allowing truck drivers to get return loads on the trip.
The company claims that it has over 332K trucks online with over 1500 daily visitors. It claims to have more than 34K registered transporters, with over 1550 bookings each day.
The users can subscribe to the platform for regular updates and the company also has a SaaS solution to help transporters manage their supply chain. It provides them bookings through their contractual bookings, which can help them save up to 5-15% in their costs.
However, TruckSuvidha monetises mostly through its additional services of GPS as well as FASTtag solutions. Bansal told us that the company has been breakeven since 2016, so the fresh funding wasn’t a need but an opportunity.
TruckSuvidha Network covers around 632 locations all over India including states such as Jammu & Kashmir, Uttarakhand, Punjab, Chandigarh, Uttar Pradesh, Rajasthan, Andhra Pradesh, Karnataka, Goa, Assam and more.
he portal gets around 100-120 posts daily and provides availability of different kinds of heavy commercial vehicles with clients like Ambuja Cement, Jindal Steel, Agarwal packers and movers, etc. As listed on the website, they have total 3871 registered customers, 23232 transporters and 1532 movers and packers.
FR8's technology platform connects Customer, Transporter, Truck Driver and the Truck seamlessly. We own the entire customer experience, whilst aiding the price and route optimization to reduce the
cost of operations for the customers.
FR8 believes that a hard working truck owner should be able to run his business smoothly and pay back loans taken on his truck. Currently they are dependent on local brokers to get loads for their trucks, to avail advance for running the truck and to collect balance payment for paying their trucks’ EMI (monthly loan amount). In this process, they end up working with 10+ brokers across the country to increase their trucks’ loadability. 80% brokers are unreliable with price and payments. They charge as high as 20% price difference between transporter and truck owner where one of the truck owner/transporter is not aware of ongoing rates. Unreliable brokers also tend to delay/default balance payments.
What 2 million truck owners want is a nation-wide platform which is reliable in terms of price and payments. Such a platform has to have significant scale with 2 million truck owners in it. It has to be automated and data driven to be efficient. This is what FR8 is and this is what we are building.
With this belief we take challenges head-on, explore new opportunities and rewrite the rules of the transportation industry.
Cargo Exchange is a real time cloud-based Transportation Exchange Platform (TEP) designed to automate the end to end transportation activites in the supply chain. Combining ease of use with industry-leading capabilities, we enable you to reduce freight costs, optimize service levels, and automate processes to run your logistics operations more efficiently.
The Platform delivers value via Price Discovery, Improvement in Operational Efficiency via Process Automation, providing real time end-to-end visibility and Business Intelligence among loads of other features.
Transportation Intelligence Platform
A Modular platform for Corporates, SMEs, Transporters, Commission Agents, Truck Owners, Brokers who are looking to streamline their day to day operations.
Load and Route Planning / Optimisation
Consignment Note Management
Last Mile Distribution
Generate an E-Way Bill in less than a minute
Tracking via GPS, Mobile Apps and Location Based Tracking
Keeping technology at the core, Blackbuck is redefining the logistics landscape of India, making it reliable and efficient. Blackbuck's comprehensive approach to problems creates impact on the entire ecosystem of transportation, which stitches across large number of livelihoods. The transportation sector is ripe for a revolution, and Blackbuck
marks the beginning.
Founded in 2015, BlackBuck has been a pioneer in bringing the offline operations of trucking online, be it matching a shipper with a trucker or reshaping the infrastructure around trucking to facilitate payments, insurance, and financial services. BlackBuck is committed to making it easier for millions of truckers to book a load and move at capacity and enable shippers of all sizes to have access to the right truck, at the right time for the right price – all at a click of a button. Today, BlackBuck is India’s largest trucking network, and the company’s robust technology platforms deliver reliability, efficiency and seamless experience for shippers and truckers.
BlackBuck is powered by a 2000 strong incredible team and is supported by the best of investors’ fraternity that includes Accel Partners, Apoletto Asia, B Capital, Flipkart, Goldman Sachs, IFC, Light Street, Sands Capital, Sequoia Capital, Tiger Global and Wellington. BlackBuck has won ‘CNBC-TV18 - Young Turks Startup of the Year’ award and ‘Zee Business- Company of the year-Logistics’ award in 2018. BlackBuck is also the subject of a ‘Harvard Business School’ case study.
The Indian firm is planning to go for an initial public offering sometime in early 2022, and this $100 million investment happens to be the first strategic capital infusion of this kind into its business. During its IPO, which, for now, is slated for March next year, the company expects to raise between $400 million to $500 million. The capital so raised will be directed towards honing the cross-border and tech-based solutions, especially for smaller businesses.
Delhivery came into being in 2011, and has become one of the leading supply chain firms in the world. Having successfully completed more than 1 billion orders to over 300 million households across the 2300 cities in the country, the firm boasts of 24 automated sort centers, 75+ hubs, 85+ fulfilment centers, and more, along with an extensive network of more than 40000 team members, spread over more than 7500 partner centers.
Mavyn is a technology-driven logistics company that focuses on truckload (more than 800 km) transportation in India. It is backed by Chetak Group, who are pioneered in logistics industry in India. Mavyn is the first internet company in India to apply Artificial Intelligence (AI) and big data in the truckload logistics sector.
Mavyn is the only company in India, which is paperless and cashless. It operates across all India virtually and faceless with no manpower on field. It uses advanced technologies to refactor the end-to-end transportation process, aiming to provide best price and service to shippers.
Mavyn, signing up leading shippers in multiple industries since the platform was launched in April 2018 under Chetak Group and carved out separate identity ‘Arion Logistics Private Limited’ on 10 Jan 2019. Currently its transportation network covers 34 Districts and 512 routes. Mavyn currently enjoys 80% lower operating expense as compared to traditional and large logistics companies in India.
Mavyn aims to be the largest truckload platform in India, having its network spread across all districts of India with the number of shipments exceeding 1,000 per day at 1% employees cost, lowest across world in trucking industry.
Building India's Largest & Most Trusted Online Transport Marketplace & Directory
Transport marketplace startup Vahak on Thursday said it has raised $5 million in a pre-series A funding round, which was led by RTP Global with participation from Luxor Capital and Leo Capital.
The fresh infusion of capital will be used to strengthen Vahak’s team and technological capabilities, and expand its customer and network base, it said in a statement.
"At Vahak, we are leveraging technology to enable stakeholders in the transport sector to connect with each other and br ..
"By building an asset and working capital light auction-style marketplace, the team has displayed low operational intensity, ability to scale and business quality we look for in category defining companies,” said Yousif Al-Dujaili, venture partner at RTP Global. “We are excited by Vahak’s potential to become a mission-critical logistics player in India."
We build technology to find smarter ways to connect shippers with carriers while solving some of the toughest problems that result in waste in the freight industry.
Convoy is the most efficient digital freight network, using machine learning and automation to connect shippers and carriers to move millions of truckloads, saving money for shippers, increasing earnings for carriers, and eliminating carbon waste for our planet.
Convoy lowers total costs for shippers, providing asset-like reliability and efficiency, with broker-like flexibility. Convoy increases quality while providing transparent access to real-time data insights that help shippers improve operations.
Convoy maximizes earnings for carriers by keeping their trucks full on the lanes they like to run with less hassle all around.
Learn about our digital freight network.
Today, Convoy is leading that transformation with the most efficient digital freight network in the industry.
The foundation of our network is an open and fully connected marketplace of shippers and carriers driven via automation and supported by a broad, ever-growing set of shipper and carrier capabilities.
That fully connected marketplace grows through the momentum of our flywheel. As more shippers join the network, drivers have better options, fewer empty miles, and fewer wasted hours, allowing them to earn more per day. As more carriers join the network, capacity increases and shippers see lower prices per mile and higher quality. In addition, as the network grows, insights emerge from the data that help shippers and carriers improve their businesses.