Vahak secures $14 million in its Series A round of funding from Titan Capital and others

• ByStartupStory     |    June 22, 2022

Vahak, a road transport logistics business with offices in Bengaluru, has secured $14 million from investors including Titan Capital, Nexus Venture Partners, Fundamental, iSeed Ventures, Leo Capital, and RTP Global. Vahak has raised $20.3 million since March 2020.

The funds are anticipated to be used for user expansion, technology development, the creation of value-added services like fuel cards, insurance, and GPS, as well as the acquisition of replacement components. According to Vahak, the company wants to become the go-to digital solution for truck providers by building an ecosystem for them.

Vahak is a free, open platform that allows shippers and transportation SMEs to find and connect with truckers. It was founded in 2019 by Karan Shaha and Vikas Chandrawat. By primarily improving vehicle usage, it claims to be assisting truck drivers in earning more than twice what they typically make on several important routes throughout India.

Karan Shaha stated, “In contrast to the 12–15 days that they would usually operate, with our platform, we are enabling truck drivers to operate for 25–26 days a month. Over the next year, we plan to increase the number of users from 1.5 million users to 10 million by scaling up our technology and business operations to capture 10% of the Indian logistics industry.”

 Sameer Brij Verma, the MD of Nexus Venture Partners noted, “The Indian logistics sector continues to see certain difficulties due to a lack of technological integration, despite having had strong development. By offering tech-driven features and services to millions of truck drivers and shippers, platforms like Vahak are driving the digital transformation in this industry.”

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