Full-stack commercial vehicle platform 91Trucks raises $5 million in a Series A round

Here’s the detailed information extracted from the provided text about the startup 91Trucks:

Startup Information

• Startup Name: 91Trucks
• Founded By: Siddharth Sharma, Vikas Sharma, Abhishek Gautam
• Founded: 2022

Funding Information

• Series: Series A
• Funding Amount: $5 million (around Rs 41.7 crore)
• Funding Date: (No specific date provided in the text)

Investors

• Lead Investor: Arkam Ventures
• Participating Investors:
  • Titan Capital Winners Fund
  • Sparrow Capital
  • Atrium Angels

Purpose of Funds

• Expand technology and product suite
• Grow the team
• Strengthen offline footprint by setting up over 20 retail stores across Tier 2 and Tier 3 cities

Operations

• Current Stores: 7 offline stores (Delhi, Gurgaon, Faridabad, Meerut, Jaipur)
• Future Expansion Markets: Hyderabad, Bengaluru, Bhubaneswar, Northeast
• Sales Goal: Scale to 10,000 vehicles annually over the next three years

This summary captures the key points regarding the startup, its founders, funding details, investors, and operational strategy.

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2025-05-10 07:53:41