Vahak operates an open marketplace that matches people who have goods to ship with truckers and enables in-app payments via Vahak Payments to reduce fraud and speed payouts. The company also bundles driver-focused services including telemedicine through MediBuddy, health and transit information, and discounted fuel cards. Vahak pivoted to a pure‑tech model in 2019 and launched the platform in 2020; it was founded by Karan Shaha and Vikas Chandrawat. The business is currently in a pre‑revenue stage but plans to monetize via value‑added services such as escrow, insurance, fuel, GPS and transaction commissions. Vahak says it has 1.5 million users and aims to grow to 10 million within a year and capture 10% of India’s $200 billion logistics market. The product targets owner‑drivers and small transporters in a highly fragmented market to increase operational days and reduce time to find bookings. Vahak operates an online auction marketplace that connects customers with transporters and commercial vehicle owners across India, enabling booking of trucks, trailers, containers and shared loads. The platform aggregates transport operators and its network covers more than half a million trucks nationwide while managing over 10,000 daily active loads across major transport and logistics hubs. Vahak’s marketplace helps transporters create an online brand, generate leads via a pan‑India network, and increase revenue by enabling higher vehicle utilization. Led by CEO Karan Shaha and CPO Karan Chandrawat, the company intends to use the new funding to strengthen its team and technological capabilities and to expand its customer and network base. The product focus is on an auction app that directly connects shippers and truck owners and supports lead generation and operational efficiency. The article did not disclose revenue figures or other financial metrics beyond operational usage numbers.

Total raised

$19M

Funding rounds

2

Latest round

Series A

Latest activity

Jun 2022