About TruckSumo
TruckSumo is a Transportation, Automotive & Logistics company based in Hyderabad (India) founded in 2015. Short-haul services are booked via an online marketplace platform. TruckSumo has raised $809.73 thousand across 2 funding rounds from investors including Pratithi Investments, GrowthStory and Ganesh Krishnan. The company has 1 employees. TruckSumo was last valued at $2.61 million in June 2019. Its Indian entity Pipip E-Services Private Limited reported revenue of ₹1.5 Lakh. Its focus areas include Consumer, Logistics Tech, Freight and Trucking. Its competitors include Infraprime Logistics Technologies, SmartShift and Turant Delivery; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Hyderabad, India
- Employees 1
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Website trucksumo.com
- Social LinkedIn X Facebook
- Legal Name Pipip E-Services Private Limited
- Date of Incorporation 12 Jan, 2015
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹1.5 Lakh
FY 2020 · -100% YoY
- Net Loss-₹12.3 Lakh
FY 2020 · -841% margin
- EBITDA-₹10 Lakh
FY 2020 · -686% margin
- Total Equity Funding$809.73K (USD)
in 2 rounds
- Latest Funding Round$172.03K (USD), Seed
Jun 2019
- InvestorsPratithi Investments
& 4 more
- Employee Count1
Associated legal entities of TruckSumo
TruckSumo operates through Pipip E-Services 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 |
|---|---|---|---|---|---|---|---|
| Pipip E-Services Private Limited CIN U72200TG2015PTC097229 | Dissolved Under Section 59(8) | 12 Jan 2015 | Hyderabad, Telangana | ₹0.0 Cr | 1 | 2 | View details |
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 $809,732
- Total Rounds 2
- Last Round Seed — $172,029
- First Round $637,703
(Sep 2015)
- Investors Count 5
All 2 funding rounds of TruckSumo 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 |
|---|---|---|---|---|---|
| Jun 2019 | $172,029 | Seed | $2.61M | – | |
| Sep 2015 | $637,703 | Seed | $2.57M | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2019 | $2.61M | •••••••• |
| Sep 2015 | $2.57M | •••••••• |
Last known valuation $2.61M (Jun 2019). 5 investors in total: 3 institutional and 2 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment services are provided by GrowthStory firm in Bengaluru. | growthstory.in | Bengaluru, India | ||
Private investment arm of Kris Gopalakrishnan Family Office. | 2014 | pratithi.com | Bengaluru, India | |
Venture capital fund focused on multiple sectors | mniventures.tcc.mode | Port Louis, Mauritius | ||
GK Ganesh Krishnan | Serial entrepreneur, angel investor, co-founder of Portea Medical and GrowthStory | unknown_3eb6b04e90674b95b | ||
SH Sri Hari Kumar | unknown_c48c6492b81a45db9 |
Investor details for TruckSumo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Pipip E-Services Private Limited (TruckSumo)
Pipip E-Services Private Limited is the primary company behind TruckSumo. The board of Pipip E-Services Private Limited currently have 2 directors; the longest-serving is Arun Venkatramani Rao, appointed in 2015. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arun Venkatramani Rao DIN 07057058 | Director | 12 Jan 2015 | 11 yrs 9 mo | Pipip E-Services Private Limited |
| Ganesh Krishnan DIN 01184779 | Director | 03 Feb 2015 | 11 yrs 8 mo | Pipip E-Services Private Limited |
Financials of TruckSumo
Figures of Pipip E-Services Private Limited, the primary company behind TruckSumo, for FY 2020. Revenue was ₹1.5 Lakh (-100% year on year). Net loss was -₹12.3 Lakh (-841% margin). EBITDA was -₹10 Lakh (-686% margin). Revenue has grown at a compounded annual rate of -86% over three years and +3% over five years.
- ₹1.5 LakhRevenue · FY 2020 · -100% YoY
- -₹12.3 LakhNet loss · -841% margin
- -₹10 LakhEBITDA · -686% margin
- ₹7 LakhPaid-up capital
- 1Employees (provident fund records)
- -86%Revenue CAGR, 3 years
- +3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pipip E-Services Private Limited are on its company page.
Detailed financial statements for TruckSumo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of TruckSumo
4 dated milestones of TruckSumo across 4 years, from founding to its latest funding, stage changes and deals.
- Founded TruckSumo is founded.
- Funding First funding round of $638K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $172K.
Competitors of TruckSumo
TruckSumo has 3 listed competitors in our database, 1 of them funded. They include Infraprime Logistics Technologies, SmartShift and Turant Delivery.
| 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. | |
| smartshift.in | 2015 | Mumbai, India | 8 | Online trucking services booking platform | ||
| turantdelivery.com | 2015 | Mumbai, India | Serves as an aggregator platform connecting users with various logistics providers for efficient delivery solutions. |
Detailed competitors of TruckSumo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as TruckSumo (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 2.46 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 Trucksumo
Complete news archive for TruckSumo
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Frequently Asked Questions about TruckSumo
TruckSumo was founded in 2015.
TruckSumo is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
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 2015.
TruckSumo has 1 employees.
The primary company behind TruckSumo, Pipip E-Services Private Limited, reported revenue of ₹1.5 Lakh for FY 2020, down 100% year on year.
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.
TruckSumo's top competitors include Infraprime Logistics Technologies, SmartShift and Turant Delivery.
TruckSumo has 5 investors. Key investors include Pratithi Investments, GrowthStory, Ganesh Krishnan, Sri Hari Kumar, and MNI Ventures.
The valuation of TruckSumo is $2.61M as of Jun 2019.
TruckSumo operates through Pipip E-Services Private Limited.
The legal entities of TruckSumo currently have 2 directors, including Ganesh Krishnan, Arun Venkatramani Rao.