Streamlining inefficiencies

Sarthak Elwadhi, Co-Founder, TrucksUp speaks to Deepti Thore about how Trucksup is streamlining inefficiencies caused due to the fragmented trucking sector. He also shares his insights on scrappage policy.

- By Deepti Thore

Q. Can you share your strategic business expansion plans and partnerships to boost the organised market? An IPO at some point?

A: At TrucksUp, our core mission has always been to digitise and streamline the highly fragmented trucking sector in India. As part of our strategic expansion, we're focusing on deepening our tech stack to support predictive analytics, real-time fleet visibility, and end-to-end supply chain intelligence. This will not only enhance operational efficiency but also bring transparency and trust to the ecosystem key pillars for growing the organised logistics market.

In terms of partnerships, we have actively collaborated with financial powerhouses like HDFC Bank and Sundaram Finance. These partnerships are instrumental in enabling access to affordable financing for fleet operators and individual truckers, many of whom traditionally find it difficult to secure loans or working capital from conventional sources. By offering structured financial products, these collaborations help truck owners upgrade Their fleets, ensure timely vehicle maintenance, and improve compliance, ultimately boosting operational efficiency and bringing more players into the organised market.