About TruckSumo
TruckSumo is a company based in Hyderabad (India) founded in 2015.. TruckSumo has raised $809.73 thousand across 2 funding rounds from investors including Pratithi Investments, GrowthStory and Ganesh Krishnan. The company has 1 employees as of March 30, 2024. TruckSumo operates in a competitive market with competitors including Infraprime Logistics Technologies, SmartShift, Turant Delivery, Logisure and TruckBhejo, among others.
- Headquarter Hyderabad, India
- Employees 1 as on 30 Mar, 2024
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pipip E-Services Private Limited
- Date of Incorporation 12 Jan, 2015
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$2 K (USD)-99.96as on Mar 31, 2020
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Net Profit
$-16.84 K (USD)89.6as on Mar 31, 2020
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EBITDA
$-15.73 K (USD)87.51as on Mar 31, 2020
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Total Equity Funding
$809.73 K (USD)
in 2 rounds
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Latest Funding Round
$172.03 K (USD), Seed
Jun 15, 2019
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Investors
Pratithi Investments
& 4 more
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Employee Count
1
as on Mar 30, 2024
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Funding Insights of TruckSumo
TruckSumo has successfully raised a total of $809.73K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $172.03 thousand completed in June 2019. 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 Seed — $172,029
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First Round
First Round
(23 Sep 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Seed - TruckSumo | Valuation |
investors |
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| Sep, 2015 | Amount | Seed - TruckSumo | Valuation |
investors |
| 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 TruckSumo
TruckSumo has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Pratithi Investments, GrowthStory and Ganesh Krishnan. 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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Investment services are provided by GrowthStory firm in Bengaluru.
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Founded Year | Domain | Location | |
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Private investment arm of Kris Gopalakrishnan Family Office.
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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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 TruckSumo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - TruckSumo
| 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 |
Trucksumo Comparisons
Competitors of TruckSumo
TruckSumo 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 Infraprime Logistics Technologies, SmartShift, Turant Delivery, Logisure and TruckBhejo, 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 |
Electric heavy-duty trucks are developed for logistics and construction sectors.
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| domain | founded_year | HQ Location |
Online trucking services booking platform
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| domain | founded_year | HQ Location |
Serves as an aggregator platform connecting users with various logistics providers for efficient delivery solutions.
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| domain | founded_year | HQ Location |
Provides intra-city B2B logistics services for efficient delivery solutions.
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| domain | founded_year | HQ Location |
Offers app-based marketplace for hiring mini trucks
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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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Latest news on Trucksumo
Frequently Asked Questions about TruckSumo
When was TruckSumo founded?
TruckSumo was founded in 2015.
Where is TruckSumo located?
TruckSumo is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is TruckSumo a funded company?
TruckSumo is a funded company, having raised a total of $809.73K across 2 funding rounds to date. The company's 1st funding round was a Seed of $637.7K, raised on Sep 23, 2015.
How many employees does TruckSumo have?
As of Mar 30, 2024, the latest employee count at TruckSumo is 1.
What is the annual revenue of TruckSumo?
Annual revenue of TruckSumo is $2K as on Mar 31, 2020.
What does TruckSumo do?
Founded in 2015 in Hyderabad, India, TruckSumo functions as an online marketplace within the logistics sector. Connections are established between individuals and small to medium enterprises with transportation providers for short-haul moving needs. Pick-up and drop-off locations are entered by users to generate instant quotes. Customer experiences are rated following trip completion, supporting service evaluations.
Who are the top competitors of TruckSumo?
TruckSumo's top competitors include Infraprime Logistics Technologies, SmartShift and TruckBhejo.
Who are TruckSumo's investors?
TruckSumo has 5 investors. Key investors include Pratithi Investments, GrowthStory, Ganesh Krishnan, Sri Hari Kumar, and MNI Ventures.
What is TruckSumo's valuation?
The valuation of TruckSumo is $2.61M as of Jun 2019.