About Shifter
Shifter is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2014, and was acquired by LetsTransport in June 2015. Intra-city goods transportation is facilitated through online booking and mini-trucks. The company was acqui-hired. Its focus areas include Consumer, Logistics Tech, Freight and Trucking. Its legal entity in India is Instatruck Transportation Services Private Limited (U60200KA2014PTC077538). Its competitors include Infraprime Logistics Technologies, TruckBhejo and Logisure; 2 of its 3 listed competitors have raised funding.
Company details
Shifter was founded in 2014 in Bengaluru, India, as a logistics service focused on intra-city goods movement. Operations involve online or phone bookings for mini-truck deliveries, suitable for home appliances, furniture, or small relocations. Real-time GPS tracking and distance-based pricing are utilized, with optional packing materials and labor provided. The company was acquired by LetsTransport in June 2015.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website shifter.in
- Social LinkedIn X Facebook
- Acquired by LetsTransport (Jun 2015)
- Legal Name Instatruck Transportation Services Private Limited
- Date of Incorporation 02 Dec, 2014
- Jurisdiction Bangalore, Karnataka, India
- Net Loss-₹5,916
FY 2017 · 0% margin
- Investors
- Acquired byLetsTransport
(Jun 2015)
Associated legal entities of Shifter
Shifter operates through Instatruck Transportation Services Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Instatruck Transportation Services Private Limited CIN U60200KA2014PTC077538 | Strike Off | 02 Dec 2014 | Bangalore, Karnataka | 2 | View details |
Investors in Shifter
Shifter has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include LetsTransport.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Platform offering customised logistic solutions to enterprises | 2015 | letstransport.in | Bengaluru, India |
Investor details for Shifter
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Board of directors of Instatruck Transportation Services Private Limited (Shifter)
Instatruck Transportation Services Private Limited is the primary company behind Shifter. The board of Instatruck Transportation Services Private Limited currently have 2 directors; the longest-serving is Rubbal Sidhu, appointed in 2014.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rubbal Sidhu DIN 07002776 | Director | 02 Dec 2014 | 11 yrs 11 mo | Instatruck Transportation Services Private Limited |
| Prashant Gupta DIN 07002774 | Director | 02 Dec 2014 | 11 yrs 11 mo | Instatruck Transportation Services Private Limited |
Financials of Shifter
Figures of Instatruck Transportation Services Private Limited, the primary company behind Shifter, for FY 2017. Net loss was -₹5,916 (0% margin).
- -₹5,916Net loss · 0% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Instatruck Transportation Services Private Limited are on its company page.
Detailed financial statements for Shifter
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Timeline of Shifter
2 dated milestones of Shifter across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Shifter is founded.
- Exit Acquired by LetsTransport.
Competitors of Shifter
Shifter has 3 listed competitors in our database, 2 of them funded. They include Infraprime Logistics Technologies, TruckBhejo and Logisure.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| infraprimelogistics.com | 2017 | Gurugram, India | $5.62M | 34 | Electric heavy-duty trucks are developed for logistics and construction sectors. | |
| truckbhejo.com | 2016 | Mumbai, India | $231,288 | Offers app-based marketplace for hiring mini trucks | ||
| logisure.in | 2014 | Jaipur, India | Provides intra-city B2B logistics services for efficient delivery solutions. |
Detailed competitors of Shifter
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Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Shifter (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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Related news about Shifter
Complete news archive for Shifter
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Frequently Asked Questions about Shifter
Shifter was founded in 2014.
Shifter is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Shifter was founded in 2014 in Bengaluru, India, as a logistics service focused on intra-city goods movement. Operations involve online or phone bookings for mini-truck deliveries, suitable for home appliances, furniture, or small relocations. Real-time GPS tracking and distance-based pricing are utilized, with optional packing materials and labor provided. The company was acquired by LetsTransport in June 2015.
Shifter's top competitors include Infraprime Logistics Technologies, TruckBhejo and Logisure.
Shifter has 1 investor. Key investors include LetsTransport.
Shifter operates through Instatruck Transportation Services Private Limited.
Yes. Shifter was acquired by LetsTransport in June 2015.
The legal entities of Shifter currently have 2 directors, including Rubbal Sidhu, Prashant Gupta.