TrucksUp Solutions Secures ₹78.26 Cr Growth Funding
TrucksUp Solutions Private Limited, a step-down subsidiary of Ritco Logistics Limited, has successfully closed a growth financing round, securing an aggregate funding of ₹78.26 Crore on August 25, 2026. The round saw participation from institutional investors and family offices, with co-founders Mr. Sarthak Shah Elwadhi and Mr. Aviraj Singh Chadha also personally co-investing. Monarch Networth Capital Limited served as the exclusive transaction advisor. The capital will be used to enhance technology infrastructure, expand engineering and data science teams, improve the freight-matching engine, and for working capital and general corporate purposes. The platform aims to optimize demand-supply dynamics, reduce empty transit trips, and integrate SMEs into its digital logistics network.
Key Highlights
- TrucksUp Solutions, a Ritco Logistics subsidiary, raised ₹78.26 Cr in growth funding.
- Funding round included institutional investors, family offices, and co-founder co-investment.
- Capital to strengthen technology, expand teams, and enhance freight-matching engine.
- Monarch Networth Capital acted as exclusive transaction advisor.
- Funds will support working capital and general corporate purposes.
Price Impact
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