Total amount raised
$18.3 Million
Latest funding date
6/1/2022
Location
Vahak has successfully raised funding through 4 rounds, with notable investors including Titan Capital, Work10M, and Nexus Venture Partners. The platform operates as an online transport marketplace and directory, catering specifically to small and medium-sized businesses.
Keep reading to explore the intricacies of Vahak's fundraising journey and the investors backing this innovative platform.
What Is Vahak?
Vahak, based in Bangalore, Karnataka, India, operates as an online transport marketplace and directory platform for small and medium-sized businesses. The company is private and has raised funding through a Series A round.
With an employee count ranging from 101 to 250, Vahak connects shippers, transporters, and lorry owners, offering a commission-free experience with verified transporters and secure payment gateways. The platform boasts a large network of over 10,00,000 transporters and lorry owners across more than 10,000 locations in India.
How Much Funding Has Vahak Raised?
- Series A
- Amount Raised: USD 13,000,000
- Date: June 2022
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were intended for user expansion, technology development, and the creation of value-added services such as fuel cards, insurance, and GPS.
- Non-Equity Assistance
- Date: January 2022
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The assistance was aimed at supporting the company's growth and technological advancements.
- Seed
- Amount Raised: USD 5,300,000
- Date: July 2021
- Lead Investors: RTP Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were used to scale the platform and expand market reach.
- Seed
- Date: June 2020
- Lead Investors: Leo Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding was aimed at initial platform development and market entry.
Vahak has raised a total of USD 18,300,000 in funding. The current valuation is not publicly disclosed.
Key Investors
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early-stage and growth-stage companies. They led Vahak's Series A funding round.
- Investment Focus Areas: Technology, digital transformation, early-stage companies.
- Notable Investments: Delhivery, Unacademy, Zomato.
- Google for Startups
- Details: Google for Startups is an initiative by Google to support startups through various programs and resources. They provided non-equity assistance to Vahak.
- Investment Focus Areas: Technology, innovation, early-stage startups.
- Notable Investments: Not publicly disclosed.
- RTP Global
- Details: RTP Global is a global venture capital firm that invests in technology companies. They participated in Vahak's seed funding rounds.
- Investment Focus Areas: Technology, innovation, scalability.
- Notable Investments: Delivery Hero, Cred, Smava.
- Leo Capital
- Details: Leo Capital is a venture capital firm focusing on early-stage technology companies. They invested in Vahak's seed funding rounds.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: Sugar Cosmetics, Shuttl.
- Titan Capital
- Details: Titan Capital is a venture capital firm that invests in early-stage startups. They participated in Vahak's Series A funding round.
- Investment Focus Areas: Early-stage startups across various sectors.
- Notable Investments: Not publicly disclosed.
What's Next for Vahak?
Vahak stands on the brink of significant growth, with plans to expand its user base from 1.5 million to 10 million within the next year. This ambitious goal is supported by the company's recent $13 million funding round, which will be used to enhance technology and introduce value-added services like fuel cards, insurance, and GPS. The Indian logistics sector, currently undergoing a digital transformation, presents a substantial opportunity for Vahak to capture a significant market share.
Future fundraising opportunities seem likely as Vahak continues to scale its operations and integrate advanced technologies. The involvement of prominent investors like Nexus Venture Partners and Leo Capital suggests that additional funding rounds could be on the horizon to support these initiatives. However, the company will need to navigate challenges such as the lack of technological integration in the Indian logistics sector and the competitive landscape, which includes other well-funded startups like BlackBuck and Wiz Freight.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Vahak and gather other critical business insights. Sign up for free to start unlocking valuable information today.
