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4tigo
Fleet management service for truck owners
About 4tigo
Fortigo Network Logistics Pvt. Ltd., operating under the brand name 4TiGO, was established in 2015 to address the inefficiencies within India's highly fragmented logistics sector. The company was founded by Vivek Malhotra and Anjani Mandal, both of whom brought extensive experience from the technology and logistics industries to the venture. Mr. Malhotra's background includes a significant tenure at Infosys, which informs the company's technology-first approach. The venture secured early backing from prominent investors, including venture capital firm Accel and visionary technologist Nandan Nilekani, reflecting strong confidence in its model from its inception.
4TiGO functions as a technology-driven logistics and supply chain network platform. Its core business revolves around creating an integrated ecosystem for various stakeholders in the trucking industry, including fleet owners, truck drivers, and corporate clients requiring freight transportation. The company targets large and medium-sized enterprises that depend on reliable and efficient goods movement across India. Its business model combines a digital freight marketplace with a suite of operational and financial services, earning revenue through commissions on freight bookings, subscription fees for its SaaS platform, and value-added services such as fuel and financial products.
The company's primary offering is a comprehensive digital platform that facilitates seamless interaction between shippers and carriers. Key features include a real-time marketplace for discovering and booking loads, which optimizes vehicle utilization for truckers and provides transparent pricing for shippers. For its corporate clients, 4TiGO provides a Digital Supply Chain Control Tower, a SaaS-based solution offering end-to-end visibility, tracking, and management of shipments. This platform integrates with existing ERP systems and provides analytics for better decision-making. A significant benefit for truckers is access to a network of services, including discounted fuel, trip financing, and secure payment processing through its B2B electronic payment platform, creating a holistic support system that aims to improve the operational efficiency and profitability of its network partners.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | May 2017 | $10M | $40M | Accel · Nandan Nilekani | — |
Growth signals
Latest recorded traffic for 4tigo is 340 monthly website visits, down 33.3% over the last three months. 4tigo's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Accel
Nandan Nilekani
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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