About TruckEasy
TruckEasy was a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2015 by Vikram Kodgi, Nikhil Thomas, and Avinash Achar. An online platform for on-demand intra-city trucking bookings. It operates on a B2B model. TruckEasy has raised $230.74 thousand across 2 funding rounds from investors including Tata Motors Finance, Popular Mega Motors and Sumanth Badiga. The company has 38 employees. TruckEasy was last valued at $462.2 thousand in March 2017. Its Indian entity Loginomic Tech Solutions Private Limited reported revenue of ₹2.4 Lakh. The company is recorded as dissolved. Its focus areas include Transportation, Logistics, Trucking Services and On-Demand Booking. Its competitors include ITS-DOST, Rocketbox and Golugg; 2 of its 3 listed competitors have raised funding.
Company details
TruckEasy operates with a B2B model, focusing on providing transportation services, streamlining logistics processes, trucking services, and on-demand booking. An online platform for on-demand intra-city trucking bookings. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Bengaluru, India
- Employees 38
- Founders Vikram Kodgi, Nikhil Thomas, Avinash Achar
- SectorsTransportation, Automotive & Logistics
- Website truckeasy.net
- Legal Name Loginomic Tech Solutions Private Limited
- Date of Incorporation 27 May, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2.4 Lakh
FY 2022 · -98% YoY
- Net Loss-₹1,560
FY 2022 · -1% margin
- EBITDA-₹1,560
FY 2022 · -1% margin
- Total Equity Funding$230.74K (USD)
in 2 rounds
- InvestorsTata Motors Finance
& 5 more
- Employee Count38
Associated legal entities of TruckEasy
TruckEasy operates through Loginomic Tech Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Loginomic Tech Solutions Private Limited CIN U74900KA2015PTC080558 | Active | 27 May 2015 | Bangalore, Karnataka | ₹0.0 Cr | 38 | 5 | View details |
Funding Insights of TruckEasy
TruckEasy has successfully raised a total of $230.74K across 2 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 $230,738
- Total Rounds 2
- First Round $230,738
(Mar 2017)
- Investors Count 6
All 2 funding rounds of TruckEasy 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 |
|---|---|---|---|---|---|
| Jul 2018 | Series A | – | Tata Motors Finance | – | |
| Mar 2017 | $230,738 | Seed | $462,197 | Popular Mega Motors |
Last known valuation $462,197 (Mar 2017). 6 investors in total: 4 institutional and 2 angel.
Investors in TruckEasy
TruckEasy has secured backing from 6 investors, including institutional and angel investors. Prominent investors backing the company include Tata Motors Finance, Popular Mega Motors and Sumanth Badiga.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Auto loans and financing services are provided in India. | 2003 | tmf.co.in | Mumbai, India | |
Authorized dealer for Tata trucks, buses, tippers, and vehicle services in South India. | 1997 | populartata.com | Ernakulam, India | |
Limited information is available on core activities. | Bengaluru, India | |||
Managed home rentals are facilitated via an online platform. | Hyderabad, India | |||
SB Sumanth Badiga | unknown_47d9adae5ad8437e8 | |||
PR Premanand R Shenoy | unknown_6203ff46dc4a4576a |
Investor details for TruckEasy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Loginomic Tech Solutions Private Limited (TruckEasy)
Loginomic Tech Solutions Private Limited is the primary company behind TruckEasy. The board of Loginomic Tech Solutions Private Limited currently have 5 directors; the longest-serving is Avinash Talacauvery Achar, appointed in 2015. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Avinash Talacauvery Achar DIN 07144410 | Director | 27 May 2015 | 11 yrs 5 mo | Loginomic Tech Solutions Private Limited |
| Vikram Kodgi DIN 07394133 | Director | 11 Mar 2016 | 10 yrs 8 mo | Loginomic Tech Solutions Private Limited |
| Nikhil Thomas DIN 07394164 | Director | 11 Mar 2016 | 10 yrs 8 mo | Loginomic Tech Solutions Private Limited |
| Vinay Kumar Pathak DIN 08142154 | Additional Director | 10 Jul 2018 | 8 yrs 4 mo | Loginomic Tech Solutions Private Limited |
| Pankaj Nandkishore Jhunja DIN 08142122 | Additional Director | 10 Jul 2018 | 8 yrs 4 mo | Loginomic Tech Solutions Private Limited |
People of TruckEasy
3 people are tracked at TruckEasy (3 in leadership); the tracked headcount is 38.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for TruckEasy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of TruckEasy
Figures of Loginomic Tech Solutions Private Limited, the primary company behind TruckEasy, for FY 2022. Revenue was ₹2.4 Lakh (-98% year on year). Net loss was -₹1,560 (-1% margin). EBITDA was -₹1,560 (-1% margin). Revenue has grown at a compounded annual rate of -88% over three years and -60% over five years.
- ₹2.4 LakhRevenue · FY 2022 · -98% YoY
- -₹1,560Net loss · -1% margin
- -₹1,560EBITDA · -1% margin
- ₹12 LakhPaid-up capital
- 38Employees (provident fund records)
- -88%Revenue CAGR, 3 years
- -60%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Loginomic Tech Solutions Private Limited are on its company page.
Detailed financial statements for TruckEasy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of TruckEasy
3 dated milestones of TruckEasy across 3 years, from founding to its latest funding, stage changes and deals.
- Founded TruckEasy is founded.
- Funding First funding round of $231K.
- Funding Latest funding round, Series A,.
Competitors of TruckEasy
TruckEasy has 3 listed competitors in our database, 2 of them funded. They include ITS-DOST, Rocketbox and Golugg.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| its-dost.com | 2014 | Jaipur, India | $1.04M | App-based provider of transportation services | ||
| 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 TruckEasy
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Top companies in Trucking
2 companies that operate in the same segment as TruckEasy (Trucking) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multimodal logistics and supply chain solutions are provided comprehensively. | 1958 | Gurugram, Haryana, India | USD 524.07 M | 397 | ||
Integrated supply chain and mobility solutions are provided globally. | 2009 | Mumbai, Maharashtra, India | USD 33.05 M | USD 745.97 M | 227 |
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Related news about Truckeasy
Complete news archive for TruckEasy
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Frequently Asked Questions about TruckEasy
TruckEasy was founded in 2015 and raised its 1st funding round 2 years after it was founded.
TruckEasy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
TruckEasy is a funded company, having raised a total of $230.74K across 2 funding rounds to date. The company's 1st funding round was a Seed of $230.74K, raised on Mar 2017.
TruckEasy has 38 employees.
The primary company behind TruckEasy, Loginomic Tech Solutions Private Limited, reported revenue of ₹2.4 Lakh for FY 2022, down 98% year on year.
TruckEasy operates with a B2B model, focusing on providing transportation services, streamlining logistics processes, trucking services, and on-demand booking. An online platform for on-demand intra-city trucking bookings. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
TruckEasy has 6 investors. Key investors include Tata Motors Finance, Popular Mega Motors, Sumanth Badiga, Premanand R Shenoy, and Clover Enterprises.
The valuation of TruckEasy is $462.2K as of Mar 2017.
TruckEasy operates through Loginomic Tech Solutions Private Limited.
The legal entities of TruckEasy currently have 5 directors, including Vikram Kodgi, Nikhil Thomas, Vinay Kumar Pathak and others.