📺 Stream EntrepreneurTV for Free 📺

Vahak Raises $14 Mn to Boost Open Marketplace For Road Transportation Vahak has attracted over 1.5 million shippers and transporters to use the platform and book from over 600,000 trucks for their transport needs

By Soumya Duggal

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company Handle

Open road transport marketplace Vahak has announced its $14 million Series A fundraise led by Nexus Venture Partners. The funding round also saw participation from Foundamental, iSeed Ventures, Leo Capital, RTP Global, and Titan Capital. Vahak has now raised a total of $20.3 million since its first round in March 2020.

The funding will be used for rapid user-base expansion, building a stellar tech infrastructure by incorporating AI, ML, Big Data, and providing additional value-added services, said a statement. Vahak aims to create an all-encompassing ecosystem for truck suppliers and become the go-to digital solution for them, added the statement.

"Tech adoption is increasing rapidly in the Indian logistics industry and digitally-driven logistics services are the need of the hour in the current post-pandemic India. Through our platform, we are enabling truck drivers to operate for 25-26 days a month, as compared to the meagre 12-15 days they would operate otherwise. We are now all set to scale our technology and operations to capture 10 per cent of the Indian logistics market and go from 1.5 million users to 10 million users in the next one year. We plan on expanding rapidly, enabling millions of Indian transporters and businesses with the power of technology. We have already integrated our platform with escrow payments and plan on bringing in services like insurance, GPS, spare part purchase, etc. very soon," said Karan Shaha, CEO and co-founder, Vahak.

Transport operations in India are dominated by unorganized players that contribute to 86 per cent of the entire market! This ultimately leads to high costs, lost opportunities, a number of inefficiencies, and a lack of transparency. This is why Vahak has focused on creating a supply-first platform that empowers transporters with the technology to find loads on demand, make their own digital brand and expand their business across boundaries, claims the company.

"Despite posting good growth, the Indian logistics market continues to face certain challenges due to the lack of technology integration. Platforms like Vahak are now bringing about the digital transformation of this sector by providing tech-driven features and services to aid millions of truck drivers and shippers in the country. As India aims to cross the $5 trillion economy mark, and build common wealth for all citizens, it is imperative that such tech-driven initiatives receive adequate support from all quarters. We appreciate the tremendous work Vahak is doing and are glad to support them in their journey towards enabling digital, sustainable and cutting-edge transport operations in India," said Sameer Brij Verma, managing director, Nexus Venture Partners.

Founded by Karan Shaha and Vikas Chandrawat in 2019, Vahak is a free-to-use, open marketplace for shippers and transport SMEs to discover and connect with truckers to help with their transportation needs. The start-up claims to be disrupting the antiquated logistics approach in India and helping truck suppliers make a name for themselves. On some major routes across India, Vahak is helping truck drivers earn more than twice what they usually earn, by increasing truck utilization, claims the company.

Soumya Duggal

Former Feature Writer

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."


Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

How Actor Vicky Kaushal At 36 Bagged: A National Award, Cannes Recognition And 20 Plus Films

As the National award winning actor Vicky Kaushal turns 36 on Thursday, here we look at his 12 years journey, which started from 2012.

Business Culture

Hybrid Work Is Failing Your Employees — Here's Why (and What You Can Do About It)

Business leaders are trying to choose between in-person and remote work. This leads to hybrid, which just isn't effective. Here's why.

Data & Recovery

Invest in Your Company's Cybersecurity with This $50 Bundle

Train to become a certified ethical hacker with this collection of e-learning courses.