Delhi NCR-based 91Trucks, a rapidly growing digital marketplace for commercial vehicles, has successfully raised INR 42.92 crore (approximately $5 million) in its latest funding round led by Arkam Ventures, along with participation from Titan Capital, Sparrow Capital, and India Accelerator. This significant capital infusion marks a new phase in 91Trucks’ journey to transform the commercial vehicle (CV) ecosystem in India.
Empowering the Commercial Vehicle Industry with Digital Innovation
Founded in 2022 by industry veterans Siddharth Sharma, Abhishek Gautam, and Vikas Sharma, 91Trucks aims to be a one-stop digital platform for all commercial vehicle needs including trucks, buses, and three-wheelers. The platform connects buyers with authorized dealers and manufacturers, while also offering detailed vehicle reviews, specifications, and comparisons to help customers make informed decisions.
91Trucks also provides vehicle financing solutions through partnerships with non-banking financial companies (NBFCs), making it easier for buyers to access loans and purchase vehicles. The startup has expanded its offerings with specialized verticals such as 91Infra for construction vehicles and 91Tractors for agricultural tractors, catering to niche segments within the commercial vehicle market.
Strategic Use of Funds to Capture Growing Market Potential
The recent funding round saw Arkam Ventures invest around INR 25 crore, while Titan Capital, Sparrow Capital, and India Accelerator contributed INR 14.99 crore, INR 1.73 crore, and INR 99.99 lakh respectively. This capital will be utilized to strengthen 91Trucks’ technology infrastructure, expand its market reach, and enter the used commercial vehicles segment-a promising area given the rising demand for pre-owned CVs in India.
With the online commercial vehicle market projected to become a $69.09 billion opportunity, 91Trucks is well-positioned to leverage digital transformation trends in the sector. The company competes with established players like CarDekho’s TruckDekho.com, Ashok Leyland’s Re-Al, and Droom, aiming to carve out a significant share by focusing on user-centric services and comprehensive vehicle information.
Navigating a Flat Commercial Vehicle Market with Innovation
Despite a slight dip in commercial vehicle sales-9.5 lakh units sold in 2024 compared to 9.7 lakh in 2023 as per industry reports-the demand for efficient, fuel-saving, and specialized vehicles continues to grow. Infrastructure development and evolving logistics needs are driving fleet expansion and modernization, creating opportunities for digital platforms like 91Trucks to facilitate vehicle discovery, purchase, and financing.
Supporting India’s Atma Nirbhar Bharat and Entrepreneurial Growth
91Trucks also aligns with the government’s Atma Nirbhar Bharat initiative by supporting young entrepreneurs in the logistics and transportation sectors. Its physical stores across Delhi NCR and Meerut complement its online presence, providing customers with reliable access to quality used commercial vehicles.
Conclusion: A Bright Road Ahead for 91Trucks
With strong backing from reputed investors and a clear vision to digitize the commercial vehicle buying experience, 91Trucks is set to accelerate its growth trajectory. The fresh funding will enable it to deepen its market penetration, enhance customer experience, and expand into new segments like used commercial vehicles, thereby playing a pivotal role in India’s evolving commercial vehicle landscape.
This development highlights the increasing investor confidence in India’s commercial vehicle digital marketplaces and the broader ecommerce sector, which continues to attract significant funding. As 91Trucks drives innovation and transparency in the CV market, it is poised to become a trusted partner for buyers, sellers, and financiers across the country.
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