Vahak expands network by acquiring truck booking app Instalogist
- ByStartupStory | January 27, 2023
Vahak, Transport community platform, has announced the acquisition of Instalogist, a truck booking app and load marketplace platform for long-haul transportation.Bengaluru-based Vahak,in order to expand its network and accelerate growth, further strengthening its capabilities in serving the Indian road transportation sector.
Karan Shaha, CEO and Co-founder at Vahak stated “The move is in line with our mission to serve the needs of the fast-growing Indian transport community. Together with Instalogist, we are on track to become the one-stop shop for all logistics needs of the Indian road transportation sector.”
Bengaluru-based Instalogic was founded in 2020 that connects load and fleet providers through its Truck-&-Load Marketplace platform for the long-haul as well as local shipments.
Pramod Prakash, CEO and Co-founder of Instalogist also commetend on the developments stating “Joining forces with Vahak is a natural next step for us. We are excited to collaborate with like-minded technopreneurs who are willing to transform the Indian logistics sector with focused technologies for load owners and the supply-side trucking community.”
Once the acquisition is completed by the end of the month, Instalogist users will gain access to Vahak’s extensive network of over 500,000 monthly active users and 2 million registered companies, as well as its additional services such as insurance, GPS, secure payments and e-medical consultations. Furthermore, users will be able to utilize Vahak’s advanced AI and ML-powered marketplace for matching loads and vehicles based on tonnage, route and delivery timelines, and return load booking.
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