Online marketplaces have made our lives easier than ever before. With platforms offering everything from food, apparel, electronics to even services like healthcare and beauty, has become a common practice, not even as a business for the owners but also to satisfy our daily or momentary cravings by using mobile apps or websites.
However, there’s still a sector which remains unorganized and, by and large, offline. The transport sector is massive in India but this sector’s potential has remained untapped since ages. Recognising this potential, former Snapdeal employees Ankit Singh and Anurag Jain, along with their flatmate Nishant Jadon founded Truckmandi, an online marketplace for trucks which allows transporters and vehicle owners to directly connect to businesses and customers who require their services.
During a conversation with Amit Saraogi, chairman CII, Agriculture Eastern and the owner of Anmol Feeds, Ankit realised that most businesses are plagued with several logistics problems. Amit would face regular and serious problems with the transportation of the final processed goods, which had to be delivered from his factory to different locations all over the country. The challenges would usually involve placement and delivery of vehicles, price fluctuation, which would in turn result in poor and often expensive pricing and involvement of multiple middle men, among others.
The three founders of Truckmandi would often have discussions on this topic over dinner. They would regularly ponder over the different reasons for this particular problem and what can prove to be the best solution for it. A quick research in this field revealed some troubling facts. There are about 50 lakh drivers and almost one lakh vehicles crossing the Delhi-NCR border everyday, with a large chunk of them being trucks. Most of these trucks carry only 40% of their installed capacities, resulting in huge losses, besides a heavy transit cut.
This discussion led the founders to realise that logistics was a day-to-day challenge. This was due to the lack of a common platform where customers could connect with service providers. Thus the idea of Truckmandi was born.
Truckmandi On Rescue
Delhi-based Truckmandi aims to bridge the gap between customers and service providers via offering online truck booking solution for handling bulk transport by using technology.