RAAHO raises INR 12.5 cr in Pre-Series A round funding from IPV, Roots Ventures and Angel investors

RAAHO, an On-Demand intercity trucking marketplace, has raised INR 12.5 crore in Pre-series A round of funding led by new investors IPV , Nitish Mittersain (Founder – Nazara) and participated by its existing investors Roots Ventures, Venkatesh Vijayraghavan (Group CEO, Board Member, Cavinkare) , Miten Sampat from CRED and others. The asset-light, capital-efficient company plans to utilize the fresh funds to grow nationally and make the whole product “100% On-Demand”.
The $100bn Trucking industry in India is unorganised, largely offline and is plagued with massive deadhead and wastage (wherein a truck drives empty for a load). It’s estimated that 25% of total travel by a truck is empty which leads to huge loss for the trucker, loss for the economy and also a huge environmental challenge.