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Trucking Company Seeking Loan in Jharsuguda, India

Ground logistics company providing services to shippers, transporters, and connecting them to truck owners.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 57 thousand
EBITDA Margin 10 %
Industries Trucking + 1 more
Locations  Jharsuguda
Local Time 5:41 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 354 thousand for 18.0% annual interest, 5 years (Native Currency: INR 30,000,000)
Reason: Business growth.
Collateral Available: USD 11.8 thousand
Includes physical assets worth USD 23.6 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Directors
Company GST
Business Overview
- Our platform connects brokers, transporters, and shippers to verified truck owners.
- Launched our application in July 2020. It is available on Google Play.
- The website is under maintenance.
- The application allows users to choose and book full truckloads for trucks at top market rates.
- It helps to reduce the idle time in truck rentals and provides drivers an assured load availability as per requirements.
- We have a developer team that looks after the backend operations.
- Users can use the cargo application to book a truck, search for a load, and also get a quote for freight charges in a very short time.
- Have almost 50 truck owners listed with us.
- A commission of 20% is charged from the truck drivers.
- We have worked with Aditya Birla Group for a few orders.
- Intend to work with famous clients like Berger Paints, United Breweries Limited, Dalmia Cement, Asian Paints, Hindustan Unilever's Limited, Haldia Petrochemical, Abd India Limited, and Star Cement.
- The application also allows users to track their shipments instantly.
- We are working on marketing strategies and will finalize them soon.
- As of now both digital marketing and traditional marketing strategies are being carried out.
- Promoter has 5+ years of experience and has another logistics company too.
Products & Services Overview
Freight, cargo transportation services.
Assets Overview
Assets include 5 computers, laptops, and furniture.
Facilities Overview
Rented office with a space of 1,800 sqft with a monthly rent of INR 7,000. The rental agreement is renewable on a yearly basis. We have another office in Murshidabad which has a space of 800 sqft and a monthly rent of INR 2,300.
Capitalization Overview
Not Disclosed
Recent Activity
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3 Investors already contacted this Business. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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