Bengaluru-based B2B road transportation marketplace Vahak has announced that it has raised $5 million in RTP Global led pre-series A funding round.
Leo Capital, Luxor Capital along with other angel investors including Founder and CEO of CRED – Kunal Shah, Co-founders of Meesho – Vidit Aatrey and Sanjeev Barnwal, Founder and CEO of Jupiter – Jitendra Gupta, Co-founder of Pristyn Care – Harsimarbir Singh, CEO of Pine Labs – Amrish Rau, Co-founders of Snapdeal – Kunal Bahl and Rohit, Sharechat’s Co-founder Mohd Farid, and Co-founder & CEO of Khatabook – Ravish Naresh participated in the funding round.
“At Vahak, we are leveraging technology to enable the stakeholders in the transport sector to connect with each other and bring growth. We started out with the vision of addressing the huge trust gap in the logistics space and simplifying things for transporters, agents, and vehicle owners. Going forward, we are looking to strengthen our pan-India presence,” said Karan Shaha, Co-founder and CEO of Vahak.
Yousif Al-Dujaili, Venture Partner at RTP Global, added, “Vahak is offering a service that addresses a universal human need in the transport of goods, in one of the largest and fragmented logistics markets in the world. By building an asset and working capital light auction-style marketplace, the team has displayed low operational intensity, ability to scale and business quality we look for in category defining companies.”
