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On-demand intercity trucking marketplace Raaho has raised Rs 12.5 crore in Pre-series A round of funding led by new investors IPV and Nazata founder Nitish Mittersain.
Existing investors Roots Ventures, Venkatesh Vijayraghavan (Group CEO, Board Member, Cavinkare) , Miten Sampat of CRED, among others, also participated in the round. The company plans to utilize the fresh funds to scale up nationally.
Raaho was established in 2017 to streamline the opaque and tedious processes of a fragmented trucking industry that is primarily dominated by brokers.The company connects third-party logistics agencies to fleet owners powered through its real-time matchmaking algorithm. It facilitates discovery of
