A Early Revenue Startup in Logistics (Road Transport) and Finance Technology (Business Finance, Lending Platform, Payment Platforms) from India is looking to raise fund

BUSINESS BRIEF

Company is a Fintech focused on fuel & logistics segment. Objective of the startup is to resolve the issues faced by Fleet Owners on the load and fuel aspects as well as by the SMEs by removing intermediaries from the process.
 
Company is adding 200 fleet owners and 3000 trucks every month and presently has more than 1200 fleet owners with 20000+ trucks catering to 350 SMEs. Company has tie up with Kotak Bank and NeoGrowth to cater to working capital needs and with Equitas Bank to take care of Fast Tag for online toll payments. Company also has a tie up with BPCL & IOCL for issuance of digital fuel cards.
 
Company's existing and projected revenue is contributed by SMEs, Oil Companies, Banks / NBFCs, Fleet Owners, Fuel Retailers & Motor Insurance providers. Entirely bootstrapped, the company has achieved a revenue of Rs 6.5 Lacs & Rs 12 Lacs in Aug & Sep 2020 respectively and is slated to achieve a revenue of Rs 25 Lacs in Oct 2020
 
Company is presently raising a seed round of Rs 1 Cr for manpower, marketing, technology updation and operations for a runway of 12 months.

 

Proposal

Funding Requirement INR 10 Mn
Funding Status I do not have any investment commitment
Industry IconIndustry & Sub-Industry
Industry IconTechnology/Product/Service Offering Fintech focused on fuel & logistics segment
StartUp Stage

Early Revenue

Business Segment Type

B2B

End use of fund

Monthly Revenue Run Rate of past 3 months

Technology Information

Financial Information

2017 (in INR) 2018 (in INR) 2019 (in INR) 2020 (in INR)
Sales 0 Mn 0 Mn 0 Mn 0 Mn
EBDITA N.D N.D N.D N.D
PAT N.D N.D N.D N.D
TANGIBLE NET WORTH N.D N.D N.D N.D
LONG TERM DEBT N.D N.D N.D N.D
TOTAL DEBT N.D N.D N.D N.D
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