Logistics tech startup TrucksUp raises $8.2M in growth funding

Gurugram-based logistics technology platform TrucksUp has raised $8.2 million in funding from institutions, family offices along with participation from the Co-founders, Sarthak Shah Elwadhi and Aviraj Singh Chadha.

According to a statement, the funding was done at an enterprise valuation of $42.3 million and the capital will be utilised to strengthen its technology capabilities, hiring and general corporate purposes.

On the funding raised, TrucksUp Co-founder Sarthak Shah Elwadhi said, “With this capital, we are doubling down on our technology stack to streamline asset discovery, improve vehicle turnaround times, and give transport operators better visibility over their day-to-day operations.”

The startup focuses on integrating small and medium enterprises (SMEs) onto its digital network. By providing decentralised enterprise shippers with direct access to automated freight discovery and end-to-end predictive telematics tracking infrastructure, the platform enables commercial shippers and vehicle owners to streamline daily transport requirements efficiently.

The platform aims to enhance its intelligent freight-matching engine to optimise asset utilisation and eliminate empty transit trips across key national freight corridors.

Beyond core freight coordination, TrucksUp offers an integrated vehicular lifecycle stack directly accessible to drivers and fleet operators inside the cabin. This includes smart FASTag tolling solutions, advanced GPS telematics, and online vehicle health tracking tools. Additionally, through its specialised used-vehicle programme, Truckshub, the company helps commercial drivers transition seamlessly into independent fleet owners by facilitating procurement, tailored asset financing, and optimized operational freight routing.

According to industry projections, the logistics sector in India is projected to reach $626 billion in size by 2032 from the level of $349 billion in 2025. However, the fragmented nature of this segment, outdated processes and higher costs has witnessed logistics costs accounting for 14% of the GDP. This also is serving as an opportunity for new age startups to come out with tech led solutions to solve these challenges.