TrucksFirst, a Gurgaon based logistic service provider aiming to organise India’s immensely scattered heavy vehicles logistic segment, has grabbed $10 million in Series A round of funding from SAIF Partners, along with the participation of Singapore Post and McKinsey’s Travel Director Thomas Netzer.
With the freshly raised funding, TrucksFirst is planning to strengthen its technology and backend operations. Team expansion is also on cards. As per a statement filed with the Ministry of Corporate Affairs, the company had raised the money on 14th April 2015 from SAIF Partners (via VCCircle).
TrucksFirst was founded in 2014 by Deepak Garg and Gazal Kalra with an aim to bring a new world order in the surface transport sector. It believes its offering best in class delivery times by staying focused and honest to their values.
TrucksFirst claims that with “the company’s operational processes, advanced technology, trained and professional staff”, it helps clients to manage long haul logistics seamlessly. Using its technology and operational processes, the company coordinates delivery trucks between different cities.
There are very few truck transformation businesses which are funded by VC firms. However, there are some companies which provides mini-truck transportation service to its users. Such companies include The Porter, Blowhorn, Shippr, Malgaadi, LOTrucks, etc.
BlowHorn is a Bangalore-based logistic service marketplace which connects users with mini-truck owners. The Porter was founded to make intra-city pickups and deliveries efficient and reliable. It a varied fleet of vehicles, ranging from Tata Ace to Tata 909.