About TruckEasy
TruckEasy is a company based in Bengaluru (India) founded in 2015 by Vikram Kodgi, Nikhil Thomas, and Avinash Achar. It operates as a B2B. 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 as of March 31, 2022. TruckEasy operates in a competitive market with competitors including ITS-DOST, Rocketbox, Golugg, Transport Free and Loadmee, among others.
- Headquarter Bengaluru, India
- Employees 38 as on 31 Mar, 2022
- Founders Vikram Kodgi, Nikhil Thomas, Avinash Achar
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
- Legal Name Loginomic Tech Solutions Private Limited
- Date of Incorporation 27 May, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$2.94 K (USD)-97.98as on Mar 31, 2022
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Net Profit
$-18.87 (USD)99.96as on Mar 31, 2022
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EBITDA
$-2.96 K (USD)92.32as on Mar 31, 2022
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Total Equity Funding
$230.74 K (USD)
in 2 rounds
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Latest Funding Round
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Investors
Tata Motors Finance
& 5 more
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Employee Count
38
as on Mar 31, 2022
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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 Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(30 Mar 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Series A - TruckEasy | Valuation | Tata Motors Finance |
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| Mar, 2017 | Amount | Seed - TruckEasy | Valuation | Popular Mega Motors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Auto loans and financing services are provided in India.
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Founded Year | Domain | Location | |
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Authorized dealer for Tata trucks, buses, tippers, and vehicle services in South India.
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Founded Year | Domain | Location | |
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Limited information is available on core activities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TruckEasy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TruckEasy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Truckeasy Comparisons
Competitors of TruckEasy
TruckEasy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ITS-DOST, Rocketbox, Golugg, Transport Free and Loadmee, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based provider of transportation services
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| domain | founded_year | HQ Location |
Intra-city logistics for goods transport via trucks is provided.
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| domain | founded_year | HQ Location |
Provides an app-based platform for cargo and truck transportation.
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| domain | founded_year | HQ Location |
Offers an app for booking truck-based cargo transportation services.
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| domain | founded_year | HQ Location |
Offers transportation management solutions in India
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about TruckEasy
When was TruckEasy founded?
TruckEasy was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is TruckEasy located?
TruckEasy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is TruckEasy a funded company?
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 30, 2017.
How many employees does TruckEasy have?
As of Mar 31, 2022, the latest employee count at TruckEasy is 38.
What is the annual revenue of TruckEasy?
Annual revenue of TruckEasy is $2.94K as on Mar 31, 2022.
What does TruckEasy do?
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.
Who are the top competitors of TruckEasy?
Who are TruckEasy's investors?
TruckEasy has 6 investors. Key investors include Tata Motors Finance, Popular Mega Motors, Sumanth Badiga, Premanand R Shenoy, and Clover Enterprises.
What is TruckEasy's valuation?
The valuation of TruckEasy is $462.2K as of Mar 2017.
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