Trucking Marketplace RAAHO Raises Rs.20 Cr In Pre-Series A Funding

Raaho, India’s leading Digital Freight Network, has secured funding worth INR 20 crore in extension to the Pre-Series A round at a valuation of 4X over the last year. The round was led by Inflection Point Ventures (IPV), Roots Ventures, Blume Founders Fund and prominent Angels like Vijay Shekhar Sharma , Kunal Shah, K Krishna Kumar, Venkatesh Vijayaraghavan , Aseem Khurana amongst others. The fresh capital infused will be used to increase Raaho’s geographical presence across the country and strengthen its Data Science and ML capabilities to automate Freight matching.

Established in 2017 and founded by Imthiaz (Co-founder and CEO) along with his colleagues Muralidharan C. (Technology), Vipul Sharma (Product), Fahad (Operations) and Joshua Jebakumar (HR & Customer Experience), RAAHO is India’s most reliable and fastest growing marketplace connecting shippers and truckers nationwide. Headquartered in Gurgaon, it has marked its presence across India in 15+ cities including NCR, Chennai, Bengaluru, Coimbatore, Mumbai, Hyderabad, Kolkata, Pune, Ahmedabad , Kanpur, Karnal and more. Raaho is successfully combining tech and data science to create operational and cost efficiencies for the Indian trucking industry that is traditionally unorganised, opaque and highly complex to navigate.

Commenting on the funding Imthiaz, Co-Founder & CEO, Raaho, said, “We are delighted to continue our mission of making lives better for Truckers and Drivers of India. With this fund raise , we plan to expand our reach to more geographies in India, while also strengthening our data science and machine learning capabilities to enhance our freight matching efficiency. At Raaho, we’re committed to building a better tomorrow for all.”

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