About Truckola
Truckola was a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2015 by Keshav Himatsingka. It operates an online freight marketplace. It operates on a B2B model. Truckola has raised $819.93 thousand across 2 funding rounds from investors including Al Hamra Group, Krishnakumar Natarajan and Nihit Agarwal. The company has 5 employees. Truckola was last valued at $2.86 million in July 2016. Its Indian entity Truckola Technologies Private Limited reported revenue of ₹30.37 Cr. The company is recorded as dissolved. Its focus areas include Transportation, Logistics, Freight Services and Online Marketplace. Its competitors include BlackBuck, Vahak and Celcius; 3 of its 3 listed competitors have raised funding.
Company details
Truckola, established in 2015 and currently in Dissolved stage, focuses on providing transportation services, streamlining logistics processes, offering freight services, and online marketplace. Operates an online freight marketplace. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Mumbai, India
- Employees 5
- Founders Keshav Himatsingka
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Website truckola.in
- Legal Name Truckola Technologies Private Limited
- Date of Incorporation 27 Jul, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹30.37 Cr
FY 2020 · -49% YoY
- Net Loss-₹1.33 Cr
FY 2020 · -4% margin
- EBITDA-₹55.8 Lakh
FY 2020 · -2% margin
- Total Equity Funding$819.93K (USD)
in 2 rounds
- Latest Funding Round$619.93K (USD), Seed
Jul 2016
- InvestorsAl Hamra Group
& 20 more
- Employee Count5
Associated legal entities of Truckola
Truckola operates through Truckola Technologies Private Limited (dissolved under section 59(8)). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Truckola Technologies Private Limited CIN U74900MH2015PTC294007 | Dissolved Under Section 59(8) | 27 Jul 2015 | Mumbai, Maharashtra | ₹30.4 Cr | 5 | 2 | View details |
Funding Insights of Truckola
Truckola has successfully raised a total of $819.93K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $619.93 thousand completed in July 2016. 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 $819,927
- Total Rounds 2
- Last Round Seed — $619,927
- First Round $200,000
(Jul 2015)
- Investors Count 21
All 2 funding rounds of Truckola 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 2016 | $619,927 | Seed | $2.86M | Abhishek Subramanya | |
| Jul 2015 | $200,000 | Angel Round | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2016 | $2.86M | •••••••• |
Last known valuation $2.86M (Jul 2016). 21 investors in total: 4 institutional and 17 angel.
Investors in Truckola
Truckola has secured backing from 21 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Al Hamra Group, Krishnakumar Natarajan and Nihit Agarwal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Real estate development is funded by Al Hamra Group VC. | alhamragroup.ae | Ras Al-khaimah, United Arab Emirates | ||
Venture capital fund focused on logistics tech and multiple sectors | Mumbai, India | |||
Investments are directed by Bugle Rock Ventures toward multiple sectors. | Bengaluru, India | |||
Provider of security, cargo screening, and consulting services for government and military industries | alhamragroup.com | Abu Dhabi, United Arab Emirates | ||
KN Krishnakumar Natarajan | Co-founder of Mindtree, active angel investor in Indian startups | unknown_ecc85a58a5bb473ab | ||
NA Nihit Agarwal | Angel investor and entrepreneur, focused on tech startups in India. | unknown_7cbf4f6e520a4de19 | ||
SV Sanjay Verma | unknown_6216273a720444919 | |||
NG Nitin Gupta | unknown_633965ac28c949eeb | |||
SG Suramya Gupta | Angel investor and entrepreneur, focused on tech startups in India. | unknown_37b74e3c92864a61b | ||
BC Bala Chandra | Angel investor and entrepreneur, co-founder of Ather Energy, active in Indian startup ecosystem | unknown_515cbdf9c44e4cfa8 |
Investor details for Truckola
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Board of directors of Truckola Technologies Private Limited (Truckola)
Truckola Technologies Private Limited is the primary company behind Truckola. The board of Truckola Technologies Private Limited currently have 2 directors; the longest-serving is Raghav Himatsingka, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Raghav Himatsingka DIN 02701329 | Director | 27 Jul 2015 | 11 yrs 3 mo | Truckola Technologies Private Limited |
| Keshav Himatsingka DIN 05323618 | Director | 27 Jul 2015 | 11 yrs 3 mo | Truckola Technologies Private Limited |
People of Truckola
4 people are tracked at Truckola (2 in leadership, 2 in team); the tracked headcount is 5.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Kamlesh Jadhav | Head Of Business Development | Leadership |
Ajit Kumar | Account Executive | Team |
Abhijit Shinde | Key Account Manager | Team |
Complete people profiles for Truckola
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Financials of Truckola
Figures of Truckola Technologies Private Limited, the primary company behind Truckola, for FY 2020. Revenue was ₹30.37 Cr (-49% year on year). Net loss was -₹1.33 Cr (-4% margin). EBITDA was -₹55.8 Lakh (-2% margin). Revenue has grown at a compounded annual rate of +5% over three years.
- ₹30.37 CrRevenue · FY 2020 · -49% YoY
- -₹1.33 CrNet loss · -4% margin
- -₹55.8 LakhEBITDA · -2% margin
- ₹33 LakhPaid-up capital
- 5Employees (provident fund records)
- +5%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Truckola Technologies Private Limited are on its company page.
Detailed financial statements for Truckola
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Truckola
4 dated milestones of Truckola across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Truckola is founded.
- Funding First funding round of $200K.
- Funding Latest funding round, Seed, of $620K.
- Milestone Reaches Minicorn status.
Competitors of Truckola
Truckola has 3 listed competitors in our database, 3 of them funded. They include BlackBuck, Vahak and Celcius.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blackbuck.com | 2015 | Bengaluru, India | $358.82M | 1,545 | Fleet operators are connected with truckers through a digital marketplace. | |
| vahak.in | 2017 | Bengaluru, India | $25.89M | 174 | An app-based marketplace is operated for cargo transportation bookings. | |
| celcius.in | 2020 | Navi Mumbai, India | $54.49M | 256 | Cold chain logistics solutions are booked through an online platform. |
Detailed competitors of Truckola
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Top companies in Freight Forwarders
3 companies that operate in the same segment as Truckola (Freight Forwarders) 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 | 13,460 | ||
Integrated supply chain and mobility solutions are provided globally. | 2009 | Mumbai, Maharashtra, India | USD 33.05 M | USD 745.97 M | 4,100 | |
Multi-modal freight transportation, warehousing, and logistics services are provided globally. | 1993 | Mumbai, Maharashtra, India | USD 18 M | USD 219.35 M | 557 |
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Frequently Asked Questions about Truckola
Truckola was founded in 2015.
Truckola is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Truckola is a funded company, having raised a total of $819.93K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $200K, raised on Jul 2015.
Truckola has 5 employees.
The primary company behind Truckola, Truckola Technologies Private Limited, reported revenue of ₹30.37 Cr for FY 2020, down 49% year on year.
Truckola, established in 2015 and currently in Dissolved stage, focuses on providing transportation services, streamlining logistics processes, offering freight services, and online marketplace. Operates an online freight marketplace. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
Truckola has 21 investors. Key investors include Al Hamra Group, Krishnakumar Natarajan, Nihit Agarwal, Sanjay Verma, and Nitin Gupta.
The valuation of Truckola is $2.86M as of Jul 2016.
Truckola operates through Truckola Technologies Private Limited.
The legal entities of Truckola currently have 2 directors, including Raghav Himatsingka, Keshav Himatsingka.