About ITS-DOST
ITS-DOST is a Transportation, Automotive & Logistics company based in Jaipur (India) founded in 2014 by Vikas Sethia and Anirudh Batwara. App-based provider of transportation services. ITS-DOST has raised $1.04 million across 3 funding rounds from investors including Aramex, Utkarsh Palnitkar and Vikram Doshi. ITS-DOST was last valued at $9.2 million in February 2018. Its Indian entity Gvtechno Logistic Private Limited reported revenue of ₹59.2 Lakh. Its focus areas include Consumer, Logistics Tech, Freight and Trucking. Its competitors include TruckEasy, Rocketbox and Golugg; 2 of its 3 listed competitors have raised funding.
Company details
ITS-DOST was established in 2014 in Jaipur, India, within the logistics and transportation sector. Services are delivered through a mobile application, enabling bookings for parcels, packages, goods, diesel, and petrol. Shipments are handled using mini-trucks and e-rickshaws, with features for real-time tracking, order confirmations, and electronic proofs of delivery provided to users. Operations focus on urban and regional mobility solutions.
- Headquarters Jaipur, India
- Founders Vikas Sethia, Anirudh Batwara
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website its-dost.com
- Legal Name Gvtechno Logistic Private Limited
- Date of Incorporation 01 Dec, 2014
- Annual Revenue₹59.2 Lakh
FY 2019 · +83% YoY
- Net Loss-₹38.7 Lakh
FY 2019 · -65% margin
- EBITDA-₹1.9 Lakh
FY 2019 · -3% margin
- Total Equity Funding$1.04M (USD)
in 3 rounds
- Latest Funding Round$274.53K (USD), Seed
Feb 2018
- InvestorsAramex
& 14 more
Associated legal entities of ITS-DOST
ITS-DOST operates through Gvtechno Logistic Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gvtechno Logistic Private Limited CIN U63090TG2014PTC096613 | Active | 01 Dec 2014 | Hyderabad, Telangana | ₹0.6 Cr | 2 | View details |
Funding Insights of ITS-DOST
ITS-DOST has successfully raised a total of $1.04M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $274.53 thousand completed in February 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.04M
- Total Rounds 3
- Last Round Seed — $274,532
- First Round $252,357
(Apr 2015)
- Investors Count 15
All 3 funding rounds of ITS-DOST with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2018 | $274,532 | Seed | $9.2M | Tara Medicos | |
| Apr 2016 | $512,091 | Seed | $8.58M | Aramex | – |
| Apr 2015 | $252,357 | Angel Round | $••••• | Kunam Kotaiah, Maurya Chandra Pydah |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2018 | $9.2M | •••••••• |
| Apr 2016 | $8.58M | •••••••• |
| Apr 2015 | $••••• | •••••••• |
Full valuation and stage history of ITS-DOST
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $9.2M (Feb 2018). 15 investors in total: 2 institutional and 13 angel.
Investors in ITS-DOST
ITS-DOST has secured backing from 15 investors, including angel and institutional investors. Prominent investors backing the company include Aramex, Utkarsh Palnitkar and Vikram Doshi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Express, freight, and logistics solutions are provided worldwide. | 1982 | aramex.com | Dubai, United Arab Emirates | |
UP Utkarsh Palnitkar | Angel investor, ex-KPMG, focuses on early-stage Indian startups | unknown_0edd04ade06641a6b | ||
VD Vikram Doshi | unknown_b10976e74f534e28b | |||
UP Udai Parnami | unknown_02594a23e6d74b018 | |||
KK Kunam Kotaiah | unknown_f93aa4a82b2541349 | |||
SS Siddharth S Shah | unknown_d9183d7ab0874ad0a | |||
MC Maurya Chandra Pydah | unknown_11a4e441d466446da | |||
PC Prashant Chhajed | unknown_dfa4e22744184b4aa | |||
GP Govindarajan Parthasarathy | unknown_f64dbea790fb4b01b |
Investor details for ITS-DOST
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Gvtechno Logistic Private Limited (ITS-DOST)
Gvtechno Logistic Private Limited is the primary company behind ITS-DOST. The board of Gvtechno Logistic Private Limited currently have 2 directors; the longest-serving is Priya Jain, appointed in 2020. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Priya Jain DIN 06999435 | Additional Director | 01 Sep 2020 | 6 yrs 2 mo | Gvtechno Logistic Private Limited |
| Samer Khamees Hasan Marei DIN 08587470 | Additional Director | 02 Nov 2020 | 6 yrs | Gvtechno Logistic Private Limited |
People of ITS-DOST
2 people are tracked at ITS-DOST (2 in leadership).
| Name | Role | Group |
|---|---|---|
Vikas Sethia | Co-Founder | Leadership |
Anirudh Batwara | Co-Founder | Leadership |
Complete people profiles for ITS-DOST
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ITS-DOST
Figures of Gvtechno Logistic Private Limited, the primary company behind ITS-DOST, for FY 2019. Revenue was ₹59.2 Lakh (+83% year on year). Net loss was -₹38.7 Lakh (-65% margin). EBITDA was -₹1.9 Lakh (-3% margin). Revenue has grown at a compounded annual rate of -41% over three years.
- ₹59.2 LakhRevenue · FY 2019 · +83% YoY
- -₹38.7 LakhNet loss · -65% margin
- -₹1.9 LakhEBITDA · -3% margin
- ₹5.6 LakhPaid-up capital
- -41%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Gvtechno Logistic Private Limited are on its company page.
Detailed financial statements for ITS-DOST
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of ITS-DOST
4 dated milestones of ITS-DOST across 4 years, from founding to its latest funding, stage changes and deals.
- Founded ITS-DOST is founded.
- Funding First funding round of $252K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $275K.
Competitors of ITS-DOST
ITS-DOST has 3 listed competitors in our database, 2 of them funded. They include TruckEasy, Rocketbox and Golugg.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truckeasy.net | 2015 | Bengaluru, India | $230,738 | 36 | An online platform for on-demand intra-city trucking bookings. | |
| rocketbox.in | 2014 | Mumbai, India | $1.6M | 15 | Intra-city logistics for goods transport via trucks is provided. | |
| golugg.com | 2020 | Delhi, India | Provides an app-based platform for cargo and truck transportation. |
Detailed competitors of ITS-DOST
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as ITS-DOST (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Frequently Asked Questions about ITS-DOST
ITS-DOST was founded in 2014 and raised its 1st funding round 1 year after it was founded.
ITS-DOST is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
ITS-DOST is a funded company, having raised a total of $1.04M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $252.36K, raised on Apr 2015.
The primary company behind ITS-DOST, Gvtechno Logistic Private Limited, reported revenue of ₹59.2 Lakh for FY 2019, up 83% year on year.
ITS-DOST was established in 2014 in Jaipur, India, within the logistics and transportation sector. Services are delivered through a mobile application, enabling bookings for parcels, packages, goods, diesel, and petrol. Shipments are handled using mini-trucks and e-rickshaws, with features for real-time tracking, order confirmations, and electronic proofs of delivery provided to users. Operations focus on urban and regional mobility solutions.
ITS-DOST has 15 investors. Key investors include Aramex, Utkarsh Palnitkar, Vikram Doshi, Tara Medicos, and Udai Parnami.
The valuation of ITS-DOST is $9.2M as of Feb 2018.
ITS-DOST operates through Gvtechno Logistic Private Limited.
The legal entities of ITS-DOST currently have 2 directors, including Samer Khamees Hasan Marei, Priya Jain.