Vahak

The company's business model is centered around a free-to-use, open B2B marketplace available through a mobile application. This platform enables users to post loads and lorries, discover transport businesses, get bids, and book trucks, trailers, and containers without paying commission or brokerage fees. Vahak's client base includes transport SMEs, shippers, lorry and fleet owners, and individual truck drivers. The primary revenue streams are evolving from the initial free-to-use model to include value-added services (VAS). These services encompass secure payments through Vahak Payments, working capital financing, vehicle and cargo insurance, GPS, fuel cards, and the sale of spare parts.

Vahak's platform leverages artificial intelligence and machine learning to facilitate efficient load-lorry matchmaking, which helps increase truck utilization and profitability for drivers. It enables truck operators to operate for 25-26 days a month, a significant increase from the previous average of 12-15 days. Users can create an online profile to build their brand, supported by ratings and reviews, thereby fostering a trusted community. The platform is available in multiple local languages to ensure wider accessibility. Since its inception, Vahak has secured significant funding, including a $14 million Series A round in June 2022, bringing its total raised capital to over $20 million. This financial backing supports its goal of expanding its user base and enhancing its technological infrastructure to capture a larger share of the Indian logistics market.