GAIL invests undisclosed amount in logistics startup TruckSuvidha

November 11, 2019: The Delhi based logistics startup TruckSuvidha on Friday announced the raising of an undisclosed amount from Gas Authority of India Limited (GAIL) in a seed funding round. As a 5-year-old connector between the transporters, truck drivers and customers, the transportation enabler now wants to expand its territory to more Indian cities and reinforce the backend technology.

Founded by Ishu Bansal and Amit Punaini in 2014, the online truck portal helps to find trucks in the city with required loading capacity and provide them with end-to-end support in transporting goods from one place to another. The company has its presence in 32 Indian cities, 34000 registered transporters and 332000 trucks with an average of 1550 bookings each day.

GAIL is the Government of India owned natural gas processing company that received the Maharatna status in 2013.