Truckola is an asset free, full-solution, tech enabled intercity/interstate FTL transportation service provider. The Mumbai based company has aggregated nearly 50,000 trucks, and uses proprietary technology to deliver transparency, reliability and cost efficiency for all transportation requirements of its clients who are mainly manufacturers and traders.
Raghav Himatsingka, Founder of Truckola, has been keenly ideating on a tech enabled transport solution ever since he returned from Silicon Valley back to India in 2009. He observes that traditionally the industry is highly fragmented, unorganized and heavily cash dependent leading to multi-layered problems for both cargo owners as well as truckers. Unverified vehicles, no background checks on drivers; no visibility on cargo movement; little predictability and assurance of dispatch; poor service quality and delivery times; vehicle idling; uncertain payment timelines; and lack of educated professionals in the industry, all lead to high costs, lost orders and frustration.
Raghav, who comes from a family that has operated a cargo transportation business for nearly 100 years, believes that he can use technology to solve most problems plaguing the transport industry today. With the intention to revolutionise transportation in India, he formally launched his venture Truckola in 2015 along with his two co-founders: Keshav Himatsingka and Vipul Garg.
Truckola’s team has a proven track record of execution in various states in the country. The company combines its numerous years of experience along with its proprietary technology, to not only provide all services of a traditional transporter but also additional layers of service that is unmatched by anybody else in the country. Truckola’s USP lies in its ability to consistently deliver a superior experience to its customers: making the entire transportation process seamless, convenient and hassle free. Its technology makes vehicle sourcing both quicker and cheaper, and its verified trucks and drivers, along with vehicle tracking solution and cloud-based proof of delivery, brings higher visibility and assurance of safety of cargo in transit. Truckola also enjoys tremendous loyalty from its vendor base for whom they guarantee timely payments and enhanced business opportunities. Moreover, by replacing paperwork with digital, cloud-based documents, the company eases the accounting processes, making the company highly scalable and free from manual errors.
Truckola has raised INR 4 crore in Angel investments till date from several marquee investors such as the Al Hamra Group (controlled by the ruling family of Ras Al Khaimah, UAE), Krishna Kumar Natarajan (Co-founder & Chairman, Mindtree), Sarath Sura (Co-Founder & former MD of Sierra Atlantic Software), and Shanti Mohan (Founder, LetsVenture). Currently focussed on the Indian transportation market – estimated to be worth $300 billion by 2020 – Truckola operated out of eight locations across India, and is looking to expand its physical presence to around 15 cities in the near future.
