Indian transport logistics startup Vahak secures $14 million in funding

Oluwajuwonlo Afolabi -

Vahak, an India-based road transport logistics firm has secured $14 million in its new funding round from Nexus Venture Partners, Fundamental, iSeed Ventures, Leo Capital, RTP Global, and Titan Capital, at a total of $20.3 million since 2020.

  • The fund will be used for user acquisition, building out technologies, and adding value to its services to improve its customer base.
  • Founded in 2019, Vahak is an online open space marketplace for shippers and transport SMEs to discover and connect with truckers.
  • The firm plans to capture 10% of the Indian logistics market and move to 10 million users from 1.5 million next year.