Top News

Intra-city aggregator for mini trucks ‘theKarrier’ raises Rs 1.5 cr in seed funding

Logistics startup theKarrier, an on demand truck service focusing on intra-city movement has announced that they have raised Rs 1.5 crore from Sol Primero, Outbox Ventures and Nikunj Jain. 

Logistics startup theKarrier, an on demand truck service focusing on intra-city movement has announced that they have raised Rs 1.5 crore from Sol Primero, Outbox Ventures and Nikunj Jain. 

Started in December last year, theKarrier was co-founded by IIT and PESIT graduates Aravind Sanka, Pavan Guntupalli and Rishikesh Ramanath, reports YourStory.
The startup is currently operational in Bangalore with access to more than 300 vehicles and is doing close to 1,000 orders per month, with an expected 70% month on month growth. The team has grown since start of operations last December and now has 20 full time employees now onboard. 

They currently have 25 plus clients which include the likes of Delhivery and Flipkart. Bookings can be done through their app or on their website. The startup claims that their confirmation time is less than 45 seconds and lead time is less than 45 minutes. The technology also allows for live tracking of the vehicle. 

Pavan was quoted in the report as saying, “We track utilization of vehicles in our network. So when we started out in December it was two hours per month per vehicle. We have been able to improve it to 25 hours per vehicle per month.”

According to the report, Aravind believes that the primary pain point in this segment is getting the right vehicle at the right time, place and price. He adds that the technology at theKarrier and the focus on improving the vehicle utilization and providing exceptional professional services at affordable prices differentiates them from the rest. Sol Primero has an interesting portfolio and experience in the transportation segment which theKarrier is looking to benefit from.

theKarrier will use the proceeds from the funding to fuel its expansion plans. It plans to be operational in five cities by the end of this year, launching a new city every month for the rest of this year. It also plans to expand its team of 20 by adding more employees in the business development and technology functions.

As part of this transaction, one of the co-founders of Sol Primero, Presha Paragash will be joining the board of theKarrier. theKarrier had a functional driver facing mobile app and recently came out with a consumer facing mobile app for Android users. An iOS app is also in the pipeline. They are also planning to expand their fleet to 1000 and include more variety of vehicles in the near future.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close