Vahak raises $5 million in funding to expand it’s customer base

Vahak, India’s fastest growing marketplace for road transport businesses and individual commercial vehicle owners has raised $5 million Pre-Series A funding. The funding round was led by RTP Global with participation from Luxor Capital and Leo Capital. The funding will be used to strengthen Vahak’s team and technological capabilities, and expand its customer and network base. India has a humongous need for freight and special goods transportation for different types of cargos. However, millions of trucks remain idle at any given point of time due to operational inefficiencies caused by lack of technology. This leads to huge monetary losses for truckers and the logistics sector on a daily basis. Vahak is harnessing cutting-edge technologies to weed out such inefficiencies and help transporters optimize their vehicle utilization through online load booking.