Logistics marketplace Vahak raises $14 million in funding from Nexus

Bengaluru: Vahak, a Bengaluru-based road transport logistics startup, has raised $14 million from Nexus Venture Partners, Fundamental, iSeed Ventures, Leo Capital, RTP Global, & Titan Capital. Since March 2020, Vahak has raised $20.3 million.

The funding is expected to be used for acquiring new users, technology, building value-added services such as fuel cards, insurance, GPS, and purchase of spare parts. Vahak said it aims to create an ecosystem for truck suppliers and become the go-to digital solution for them.

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. It claims to be helping truck drivers earn more than twice what they usually earn on some major routes across India, majorly by increasing truck utilization.


“Through our platform, we are enabling truck drivers to operate for 25-26 days a month compared with 12-15 days they would operate otherwise,” said Shaha. “We are set to scale our technology and operations to capture 10% of the Indian logistics market, and go from 1.5 million users to 10 million users over the next year.”

“Despite posting good growth, the Indian logistics market continues to face certain challenges owing to the lack of technology integration,” said Sameer Brij Verma, managing director, Nexus Venture Partners. “Platforms such as Vahak are bringing the digital transformation in this sector by providing tech-driven features and services to millions of truck drivers and shippers.”

Blackbuck, ShipRocket and Rivigo are some of the companies operating in the trucking marketplace.