About TruxApp
TruxApp is a company based in Delhi (India). Mobile app connecting shippers to logistics service providers. It operates on a B2B model. TruxApp has raised $6 million across 5 funding rounds from investors including Triyasoft, Venugopal Dhoot and Tarun Khandelwal. The company has 4 employees. TruxApp was last valued at $32.65 million in November 2016. Its Indian entity Trux App Private Limited reported revenue of ₹1.02 Cr. Its competitors include BlackBuck, Vahak and Celcius; 3 of its 3 listed competitors have raised funding.
Company details
Trux is a mobile first application for enterprises and businesses to book trucks for their logistics requirements. Provides a tech backed market place model, with other features such as real time vehicle and consignment tracking, APIs, real time route optimization, route geo-fencing etc. The company also claims to provide commercial vehicles on different types of leasing models. Has a presence in 25 cities with 35K trucks on the platform as of August 2016 and serves large industries, SMEs, railway side operations, wholesalers and retailers and individual transporters. The company earlier provided a mobile app for booking mini trucks. Raised 3.1M in an angel round of funding from a clutch of angel investors including family of Videocon Industries chairman Venugopal Dhoot; Ajay Bhatia, managing director of UAE-based Bhatia Brothers LLC; and Tarun Khandelwal in August 2017.
- Headquarters Delhi, India
- Employees 4
- Stage Minicorn
- Website truxapp.com
- Social X Facebook
- Legal Name Trux App Private Limited
- Date of Incorporation 27 Feb, 2015
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹1.02 Cr
FY 2023 · -40% YoY
- Net Loss-₹71.8 Lakh
FY 2023 · -70% margin
- EBITDA-₹7.6 Lakh
FY 2023 · -7% margin
- Total Equity Funding$6M (USD)
in 5 rounds
- Latest Funding Round$3.1M (USD), Seed
Aug 2017
- InvestorsTriyasoft
& 33 more
- Employee Count4
Associated legal entities of TruxApp
TruxApp operates through Trux App Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Trux App Private Limited CIN U63033DL2015PTC327070 | Active | 27 Feb 2015 | New Delhi, Delhi | ₹1.0 Cr | 4 | 2 | View details |
Funding Insights of TruxApp
TruxApp has successfully raised a total of $6M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $3.1 million completed in August 2017. 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 $6M
- Total Rounds 5
- Last Round Seed — $3.1M
- First Round $297,901
(Aug 2015)
- Investors Count 34
All 5 funding rounds of TruxApp 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 |
|---|---|---|---|---|---|
| Aug 2017 | $3.1M | Seed | – | – | |
| Nov 2016 | $1.62M | Seed | $32.65M | Faisal Albtain | |
| Jul 2016 | $547,584 | Angel Round | $19.5M | Mandhian Amar Pessumal | |
| Feb 2016 | $435,825 | Angel Round | $••••• | Puja Bothra, VC Bothra | |
| Aug 2015 | $297,901 | Seed | $••••• | shopdirecttv.com, Shop Direct |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2016 | $32.65M | •••••••• |
| Jul 2016 | $19.5M | •••••••• |
| Feb 2016 | $••••• | •••••••• |
| Aug 2015 | $••••• | •••••••• |
Full valuation and stage history of TruxApp
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $32.65M (Nov 2016). 34 investors in total: 4 institutional and 30 angel.
Investors in TruxApp
TruxApp has secured backing from 34 investors, including angel and institutional investors. Prominent investors backing the company include Triyasoft, Venugopal Dhoot and Tarun Khandelwal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Forestry products are supplied, with logging and related services provided. | goldieinternational.tcc.mode | Mumbai, India | ||
Triyasoft Technologies provides software solutions and consulting for innovative tech adoption. | 2013 | triyasoft.com | Noida, India | |
VD Venugopal Dhoot | unknown_351e5e77d24a489aa | |||
TK Tarun Khandelwal | unknown_1151bb3dd70145ceb | |||
GS Ganpat Singhvi | unknown_cca84aaa14ba497cb | |||
VC V C Bothra | unknown_baf98e0a17c04f89a | |||
M Mandhian | unknown_9e82bcaa68284b549 | |||
SS Sandeep Sharma | Angel investor, tech entrepreneur, ex-Google, focused on Indian startups | unknown_d561e9d3e6964dada | ||
AK Ajay K Bhatia | unknown_cef8392320704aa79 | |||
FA Faisal Albtain | unknown_37e7a6f9d81e49b3b |
Investor details for TruxApp
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Trux App Private Limited (TruxApp)
Trux App Private Limited is the primary company behind TruxApp. The board of Trux App Private Limited currently have 2 directors; the longest-serving is Manmohan Agarwal, appointed in 2015. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manmohan Agarwal DIN 01140141 | Director | 27 Feb 2015 | 11 yrs 7 mo | Trux App Private Limited |
| Salil Narayan DIN 01602223 | Director | 31 Mar 2021 | 5 yrs 6 mo | Trux App Private Limited |
Financials of TruxApp
Figures of Trux App Private Limited, the primary company behind TruxApp, for FY 2023. Revenue was ₹1.02 Cr (-40% year on year). Net loss was -₹71.8 Lakh (-70% margin). EBITDA was -₹7.6 Lakh (-7% margin). Revenue has grown at a compounded annual rate of -75% over three years and -55% over five years.
- ₹1.02 CrRevenue · FY 2023 · -40% YoY
- -₹71.8 LakhNet loss · -70% margin
- -₹7.6 LakhEBITDA · -7% margin
- ₹15.2 LakhPaid-up capital
- 4Employees (provident fund records)
- -75%Revenue CAGR, 3 years
- -55%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Trux App Private Limited are on its company page.
Detailed financial statements for TruxApp
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of TruxApp
3 dated milestones of TruxApp across 2 years, from founding to its latest funding, stage changes and deals.
- Funding First funding round of $298K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $3.1M.
Competitors of TruxApp
TruxApp 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 TruxApp
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Related news about Truxapp
Complete news archive for TruxApp
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Frequently Asked Questions about TruxApp
TruxApp is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
TruxApp is a funded company, having raised a total of $6M across 5 funding rounds to date. The company's 1st funding round was a Seed of $297.9K, raised on Aug 2015.
TruxApp has 4 employees.
The primary company behind TruxApp, Trux App Private Limited, reported revenue of ₹1.02 Cr for FY 2023, down 40% year on year.
Trux is a mobile first application for enterprises and businesses to book trucks for their logistics requirements. Provides a tech backed market place model, with other features such as real time vehicle and consignment tracking, APIs, real time route optimization, route geo-fencing etc. The company also claims to provide commercial vehicles on different types of leasing models. Has a presence in 25 cities with 35K trucks on the platform as of August 2016 and serves large industries, SMEs, railway side operations, wholesalers and retailers and individual transporters. The company earlier provided a mobile app for booking mini trucks. Raised 3.1M in an angel round of funding from a clutch of angel investors including family of Videocon Industries chairman Venugopal Dhoot; Ajay Bhatia, managing director of UAE-based Bhatia Brothers LLC; and Tarun Khandelwal in August 2017.
TruxApp has 34 investors. Key investors include Triyasoft, Venugopal Dhoot, Tarun Khandelwal, Ganpat Singhvi, and V C Bothra.
The valuation of TruxApp is $32.65M as of Nov 2016.
TruxApp operates through Trux App Private Limited.
The legal entities of TruxApp currently have 2 directors, including Manmohan Agarwal, Salil Narayan.