Gurugram-based logistics technology platform TrucksUp has raised $8.2 million in funding from institutions, family offices along with participation from the Co-founders, Sarthak Shah Elwadhi and Aviraj Singh Chadha.
According to a statement, the funding was done at an enterprise valuation of $42.3 million and the capital will be utilised to strengthen its technology capabilities, hiring and general corporate purposes.
On the funding raised, TrucksUp Co-founder Sarthak Shah Elwadhi said, “With this capital, we are doubling down on our technology stack to streamline asset discovery, improve vehicle turnaround times, and give transport operators better visibility over their day-to-day operations.”
The startup focuses on integrating small and medium enterprises (SMEs) onto its digital network.
By providing decentralised enterprise shippers with direct access to automated freight discovery and end-to-end predictive telematics tracking infrastructure, the platform enables commercial shippers and vehicle owners to streamline daily transport requirements efficiently.
