Series A Round
Funding Details
91Trucks has successfully raised Rs 42.9 crore (approximately $5 million) in its Series A funding round led by Arkam Ventures. The funds will be utilized to scale its digital platform and enhance services related to the commercial vehicle industry across India. This funding will enable 91Trucks to expand its offerings and improve user experience, solidifying its position as a leading digital marketplace in the automotive sector. The company aims to leverage this investment to enhance its technology infrastructure and broaden its market reach. The Series A round saw significant interest from investors, reflecting the growing demand for digital solutions in the commercial vehicle market. The board has issued 2,247 Series A CCPS at an issue price of Rs 1,88,578 each, indicating a strong valuation surge of 5.5X since its last funding round.
Confidence Score
Participating Investors
Arkam Ventures is a venture capital firm that invests in early-stage startups, focusing on innovative technology and scalable business models.
Titan Capital Winners Fund is a SEBI-registered Category-II Alternative Investment Fund (AIF) that focuses on investing in high-potential startups at ...
Sparrow Capital is a venture capital firm that focuses on providing patient, collaborative, and disciplined capital to entrepreneurs building large, e...
Atrium Angels is a micro VC fund established by alumni of The Indian School of Business (ISB) to support and invest in startups founded by ISB alumni....
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