Transportation Logistics Startup Vahak Secures $14 Million Fund

Vahak, a road transportation logistics startup located in Bengaluru, has secured $14 million in funding from Nexus Venture Partners, Fundamental, iSeed Ventures, Leo Capital, RTP Global, and Titan Capital.

The money will go into acquiring new customers, developing technology, and developing value-added services like gasoline cards, insurance, and GPS, as well as purchasing replacement components. According to Vahak, the company wants to develop an ecosystem for truck providers and become their go-to digital solution.

Vahak is a free-to-use, open marketplace for shippers and transports SMEs to locate and connect with truckers, founded by Karan Shaha and Vikas Chandrawat in 2019. It claims to be assisting truck drivers in earning more than twice as much as they normally do on some of India’s key routes, mostly through improving vehicle usage.

“Over the next year, we plan to scale our technology and operations to capture 10% of the Indian logistics industry, growing from 1.5 million to 10 million consumers. Through our platform, we’re enabling truck drivers to work for 25-26 days each month instead of the 12-15 days they’d normally work,” Shaha added.

Sameer Brij Verma, a managing director of Nexus Venture Partners said, “There is a dearth of technological integration in the Indian logistics business. By providing tech-driven features and services to millions of truck drivers and shippers, platforms like Vahak are bringing the digital transformation to this industry”.