GoBolt, Indian logistic Startup providing its transportation services in B2B segment, has secured an undisclosed amount in Pre Series A round of funding. The funding round was led by startup incubator, MCube8. The raised amount will be used to strengthen the technology and to scale up the operations.
Launched in October 2015 by Sumit Sharma, Parag Aggarwal and Naitik Baghla, GoBolt is an on demand service for B2B related logistical needs. It helps the customers move their goods between cities, ports or any other given destinations. Along with that, it has also built a number of data services including Control Tower Service, GPS Tracking of the vehicle, data analytics and Fleet management system.
GoBolt provides services in various categories including food, eCommerce and automobile. Some of the notable names in the client list include Panasonic, Philips, Tupperware, Pepsico among others.
Currently, the startup boasts of over 1000 trips every month with the help of trucks owned by it and aggregated from the market. The total number of fleet under its control is over 600 and it is providing services in over 35 Indian cities as of today.
Speaking on the development, Sumit Sharma stated his concern over the fact that Logistics has a huge market and increasing scope, however, lack of technology has made it too unprofessional and the same fact gives a lot of options to GoBolt to cash on. Talking about the challenges, he further added that the drivers do not want to get along with technology so easily as well as the industries try to find the cheapest available option to transport their goods. This makes it a great deal to provide efficient solution to both, the drivers and the industry and still remain profitable.