Vahak leveraging power of digitisation to transform Indian Road Logistics Sector

Vahak, a transport community platform, highlighted key technological interventions needed to bring ease of doing business. In addition to the company’s core AI and ML enabled marketplace, Vahak is coming up with premium services for manufacturers, shippers / load owners and OEMs requiring bulk transport, and new VAS features like cargo insurance, in the next couple of months. These services on top of the existing features of vehicle insurance, GPS, brand and network building, will provide online accessibility and ease of doing business for both, the demand and supply side of the road logistics sector, which carries 80% of the Indian freight traffic, said Karan Shaha, Co-founder, and CEO, Vahak.

With a total of $20.3 Million funding till date, Vahak manages over half a million monthly active load bookings on its app. Elaborating about the transactions on the platform he said, “With the transport community directly impacted during the pandemic, our app witnessed 20x growth with physical transport networks moving online. Backed with intuitive UI/UX and translations in 7 languages, transaction volume on the recently launched Vahak Payments platform is showing 100% quarter on quarter growth. Our aim is to achieve $1Million ARR by Dec 2023 backed with positive investments in road infra by the government, higher demand in tier 3 and tier 4 cities and faster adoption of internet at the rural last-mile.” He said, “Our vision is to build a trusted transport community platform that looks out for transporters, fleet owners, and truckers’ growth and well-being. The trucking community is a major contributor to the Indian economy and we have captured less than a per cent of the $250 Billion market. Over the next 4-5 years, we aim to capture 10-20% of the market, in line with deeper internet penetration and growing technology adoption at the last mile.”