About RoaDo
RoaDo is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2017 by Suhas V, Murugan Manoj Kumar J, and Narayan Chavan. Fleet management solutions are provided for logistics digitization and efficiency. RoaDo has raised $613.41 thousand across 7 funding rounds from investors including MapmyIndia, Capital A and Ankit Kedia. RoaDo was last valued at $4.11 million in September 2024. Its chief executive, as recorded, is Murugan Manoj Kumar J. Its Indian entity Hicetane Logistics Innovations Private Limited reported revenue of ₹2.27 Cr. RoaDo offers products and services including Quick Track, Assignments, Accounts Module, and RFQ Based Indenting. Its focus areas include Consumer, Logistics Tech, Ecommerce Logistics and Fulfillment Enablers.
Company details
RoaDo was founded in 2017 in Bengaluru, India, as a provider of fleet management solutions in the logistics sector. End-to-end operations are digitized through its platform, which simplifies supply chain processes and manages efficiency. Real-time tracking, automated dispatch, and in-plant visibility are offered to stakeholders. The company operates primarily in India, supporting logistics businesses with these tools.
- Headquarters Bengaluru, India
- Founders Suhas V, Murugan Manoj Kumar J, Narayan Chavan
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website roado.co.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Hicetane Logistics Innovations Private Limited
- Date of Incorporation 12 Dec, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2.27 Cr
FY 2024 · +47% YoY
- Net Loss-₹23.1 Lakh
FY 2024 · -10% margin
- EBITDA-₹20.5 Lakh
FY 2024 · -9% margin
- Total Equity Funding$613.41K (USD)
in 7 rounds
- InvestorsMapmyIndia
& 47 more
Associated legal entities of RoaDo
RoaDo operates through Hicetane Logistics Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hicetane Logistics Innovations Private Limited CIN U74999KA2017PTC108613 | Active | 12 Dec 2017 | Bangalore, Karnataka | ₹2.3 Cr | 12 | 3 | View details |
Products & Services of RoaDo
RoaDo offers a comprehensive portfolio of products and services, including Quick Track, Assignments, Accounts Module, and RFQ Based Indenting.
Real-time shipment tracking system for logistics visibility.
Tool for assigning and managing logistics tasks efficiently.
Module for handling logistics-related financial transactions.
Platform for request-for-quote based supply chain indenting.
Apps and channels of RoaDo
its YouTube channel RoaDo - Digitizing Logistics has 133 subscribers and 30 videos.
Videos from RoaDo
The most watched videos on RoaDo's YouTube channel, RoaDo - Digitizing Logistics (133 subscribers). Click a video to play it here.
More on RoaDo - Digitizing Logistics.
Funding Insights of RoaDo
RoaDo has successfully raised a total of $613.41K across 7 strategic funding rounds. 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 $613,409
- Total Rounds 7
- First Round $145,980
(Nov 2020)
- Investors Count 48
All 7 funding rounds of RoaDo 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 |
|---|---|---|---|---|---|
| Jan 2025 | $140,160 | Seed | – | Vinayak | Sachin,Piyush |
| Sep 2024 | $39,413 | Angel Round | $4.11M | Ankit Kedia | |
| Feb 2024 | $82,754 | Seed | $4.11M | Vanadium Trust | |
| Aug 2022 | $238,289 | Angel Round | $••••• | Satish Narayan Menon, Capital A | |
| Jun 2022 | $25,602 | Angel Round | $••••• | Rashmi Verma | – |
| Aug 2021 | $81,371 | Seed | $••••• | Capital A | |
| Nov 2020 | $145,980 | Seed | $••••• | Vivek Subramaniam |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2024 | $4.11M | •••••••• |
| Feb 2024 | $4.11M | •••••••• |
| Aug 2022 | $••••• | •••••••• |
| Jun 2022 | $••••• | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| Nov 2020 | $••••• | •••••••• |
Full valuation and stage history of RoaDo
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 $4.11M (Sep 2024). 48 investors in total: 5 institutional and 43 angel.
Investors in RoaDo
RoaDo has secured backing from 48 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include MapmyIndia, Capital A and Ankit Kedia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is provided to Indian startups. | capital-a.in | Bengaluru, India | ||
Investments are directed by Bugle Rock Ventures toward multiple sectors. | Bengaluru, India | |||
Travel agency services are provided by Capital A in Malaysia. | 2001 | capitala.com | Kuala Lumpur, Malaysia | |
Digital maps and geospatial datasets are delivered via cloud platform. | 1995 | mapmyindia.com | Delhi, India | |
AK Ankit Kedia | Founder of Capital A, active angel investor in Indian startups | unknown_a7c471e78f054d218 | ||
AK Ankit Kedia | unknown_94894d4bc7ef4be6a | |||
RV Rashmi Verma | Angel investor and tech leader, ex-CTO of Zomato, focused on startups | unknown_70e5191a10a34efea | ||
VD Vishnu Deuskar | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_2f6fc540a5f44cc58 | ||
RM Rajesh Mehrotra | unknown_dbdd4fc68fa94bdd8 |
Investor details for RoaDo
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 Hicetane Logistics Innovations Private Limited (RoaDo)
Hicetane Logistics Innovations Private Limited is the primary company behind RoaDo. The board of Hicetane Logistics Innovations Private Limited currently have 3 directors; the longest-serving is Jayavel Murugan Manoj Kumar, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jayavel Murugan Manoj Kumar DIN 07978264 | Director | 12 Dec 2017 | 8 yrs 11 mo | Hicetane Logistics Innovations Private Limited |
| Vijayakumar Suhas DIN 08485457 | Director | 01 Jun 2019 | 7 yrs 5 mo | Hicetane Logistics Innovations Private Limited |
| Narayan Sanjeev Chavan DIN 08485369 | Director | 01 Jun 2019 | 7 yrs 5 mo | Hicetane Logistics Innovations Private Limited |
People of RoaDo
3 people are tracked at RoaDo (3 in leadership).
| Name | Role | Group |
|---|---|---|
Suhas V | Co-Founder & CTO | Leadership |
Murugan Manoj Kumar J | Co-Founder & CEO | Leadership |
| Co-Founder & COO | Leadership |
Complete people profiles for RoaDo
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 RoaDo
Figures of Hicetane Logistics Innovations Private Limited, the primary company behind RoaDo, for FY 2024. Revenue was ₹2.27 Cr (+47% year on year). Net loss was -₹23.1 Lakh (-10% margin). EBITDA was -₹20.5 Lakh (-9% margin). Revenue has grown at a compounded annual rate of +126% over three years and +298% over five years.
- ₹2.27 CrRevenue · FY 2024 · +47% YoY
- -₹23.1 LakhNet loss · -10% margin
- -₹20.5 LakhEBITDA · -9% margin
- ₹1.3 LakhPaid-up capital
- 12Employees (provident fund records)
- +126%Revenue CAGR, 3 years
- +298%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hicetane Logistics Innovations Private Limited are on its company page.
Detailed financial statements for RoaDo
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 RoaDo
4 dated milestones of RoaDo across 8 years, from founding to its latest funding, stage changes and deals.
- Founded RoaDo is founded.
- Funding First funding round of $146K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
Web traffic of RoaDo
The website of RoaDo (roado.co.in) receives about 7.3K visits a month.
- Monthly visits7.3K
▲ 77.7% vs previous month
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as RoaDo (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 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Roado
Complete news archive for RoaDo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about RoaDo
RoaDo was founded in 2017 and raised its 1st funding round 3 years after it was founded.
RoaDo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Murugan Manoj Kumar J is the CEO of RoaDo, as recorded in our data. They have also founded this company.
RoaDo is a funded company, having raised a total of $613.41K across 7 funding rounds to date. The company's 1st funding round was a Seed of $145.98K, raised on Nov 2020.
The primary company behind RoaDo, Hicetane Logistics Innovations Private Limited, reported revenue of ₹2.27 Cr for FY 2024, up 47% year on year.
RoaDo was founded in 2017 in Bengaluru, India, as a provider of fleet management solutions in the logistics sector. End-to-end operations are digitized through its platform, which simplifies supply chain processes and manages efficiency. Real-time tracking, automated dispatch, and in-plant visibility are offered to stakeholders. The company operates primarily in India, supporting logistics businesses with these tools.
RoaDo offers Quick Track, Assignments, Accounts Module, and RFQ Based Indenting.
RoaDo has 48 investors. Key investors include MapmyIndia, Capital A, Ankit Kedia, Ankit Kedia, and Vanadium Trust.
The valuation of RoaDo is $4.11M as of Sep 2024.
RoaDo operates through Hicetane Logistics Innovations Private Limited.
The legal entities of RoaDo currently have 3 directors, including Jayavel Murugan Manoj Kumar, Vijayakumar Suhas, Narayan Sanjeev Chavan.