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
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Pipip E-Services Private Limited
- Date of Incorporation 12 Jan, 2015
- Jurisdiction Hyderabad, Telangana, India
-
Annual Revenue
$2 K (USD)-99.96as on Mar 31, 2020
-
Net Profit
-$16.84 K (USD)89.6as on Mar 31, 2020
-
EBITDA
-$15.73 K (USD)87.51as on Mar 31, 2020
-
Total Equity Funding
$809.73 K (USD)
in 2 rounds
-
Latest Funding Round
$172.03 K (USD), Seed
Jun 15, 2019
-
Investors
Pratithi Investments
& 4 more
-
Employee Count
1
as on Mar 30, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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
-
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 |
|
| Sep, 2015 | Amount | Seed - TruckSumo | 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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investment services are provided by GrowthStory firm in Bengaluru.
|
Founded Year | Domain | Location | |
|
Private investment arm of Kris Gopalakrishnan Family Office.
|
Founded Year | Domain | Location | |
|
Venture capital fund focused on multiple sectors
|
Founded Year | Domain | Location |
Investments & Acquisitions by TruckSumo
Financial Statements - TruckSumo
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric heavy-duty trucks are developed for logistics and construction sectors.
|
|
| domain | founded_year | HQ Location |
Online trucking services booking platform
|
|
| domain | founded_year | HQ Location |
Serves as an aggregator platform connecting users with various logistics providers for efficient delivery solutions.
|
|
| domain | founded_year | HQ Location |
Provides intra-city B2B logistics services for efficient delivery solutions.
|
|
| domain | founded_year | HQ Location |
Offers app-based marketplace for hiring mini trucks
|
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 23, 2015.
As of Mar 30, 2024, the latest employee count at TruckSumo is 1.
Annual revenue of TruckSumo is $2K as on Mar 31, 2020.
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 TruckBhejo.
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.