Trucking Cube Raises About $14 Mn From Agarwal Movers Group

Trucking Cube Raises About $14 Mn From Agarwal Movers Group

Agarwal Movers Group, the relocation experts, have invested about $14.9 Mn (INR 100 Cr.) in Trucking Cube, which is changing the way packing and moving is done in the country.

A study carried over years by Agarwal Movers Group has shown that the country sees a yearly damage of over 42,000 Cr. in transhipment due to surface logistics. Trucking Cube assures safe delivery of goods with zero transhipment, zero damage, zero loss to its household and commercial customers.

Besides, Trucking Cube is also protecting the commercial goods from “expiring before the expiry date”. The goods are transported in ‘cubes’ exclusively assigned to them avoiding any rancidity. This problem is more prevalent in food and pharma industry and has a direct impact on the health of the consumer and can prove fatal for the brand’s name. The cubes come in six sizes – 4, 6, 8, 12, 16 and 20 feet.

The raised capital will be used to grow the ecosystem and the number of cubes from 2,000 to 10,000 from.

Ramesh Agarwal, chairman, Agarwal Movers Group, said, “Brands take years to build its reputation, and choosing the incorrect logistics partner can ruin the built reputation overnight. Similarly, household goods is built with lifesaving, the packer and mover carries the ’emotions’  – it is important for the customer to know and understand the value brought by its transport partner.”

Agarwal Movers Group will move its entire service to Trucking Cube by July 2016.


Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.


Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Trucking Cube Raises About $14 Mn From Agarwal Movers Group-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Trucking Cube Raises About $14 Mn From Agarwal Movers Group-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Trucking Cube Raises About $14 Mn From Agarwal Movers Group-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Trucking Cube Raises About $14 Mn From Agarwal Movers Group-Inc42 Media
Trucking Cube Raises About $14 Mn From Agarwal Movers Group-Inc42 Media
You’re in Good company