Trucknetic, a tech-first logistics company, partnered with Trade Emerge to accelerate its mission to provide world-class, reliable, and cost-effective logistical solutions to small businesses and MSMEs in India.
New Delhi, NFAPost: Truck hiring app Trucknetic has partnered with ICICI Bank as a logistics partner for their Trade Emerge platform. It is one of the few companies selected for Trade Emerge, a platform aiming to offer comprehensive digital banking, logistics, and value-added services to exporters and importers across India.
The startup uses advanced technology like AI, ML, and data analytics to provide efficient and cost-effective logistical solutions. Its grander vision is to bring transparency and visibility to the logistics sector, modernise the operations across the supply chain and contribute to the Ease of Doing Business in India.
Trucknetic’s partnership with ICICI bank for Trade Emerge will help accelerate its mission to provide world-class, reliable, and cost-effective logistical solutions to small businesses and MSMEs in India.
Trucknetic founder Arham Pratap Jain said this collaboration aims to increase the efficiency and productivity of exporters and importers decongesting the time-taking physical procedures.
“The benefit of this platform is available to all exporters and importers, even if they are not customers of ICICI Bank,” said Trucknetic founder Arham Pratap Jain.
Trade Emerge will also enable the exporters to access a global trade database of nearly 15 million buyers and sellers across 181 countries, which would help them enhance their business.
Users can access updates/notifications/guidelines issued by domestic and international regulatory and trade bodies, customs processes and policies, tariff-related information etc., on the Trade Emerge platform.
ICICI Bank Product Manager, Trade Products Sai Charan said the bank is happy to on board Trucknetic as logistics partner.
“The partnership would provide cost-effective and efficient trucking solutions to the businesses coming on ICICI Trade Emerge,” said ICICI Bank Product Manager, Trade Products Sai Charan.
With years of expertise in the MSME sector and a highly experienced founding team from the logistics sector, Trucknetic has put together the perfect team to conquer the market. Trucknetic has a network of close to 200,000 fleet owners and 50,000 transporters which roughly translates to over 1 million trucks in their network. It has done a revenue of $3 million since December 2019.
The company has more than 100,000+ downloads on the Trucknetic Carrier application and Trucknetic Shipper application and has moved close to 100,000 metric tonnes of goods.
About Trucknetic
Trucknetic is a tech-first logistics company. Trucknetic means that a truck is always in motion. It is catering to long-haul inter-state road transportation space carrying B2B commodities in bulk in India.
It is creating a market-place/ aggregation platform for both shippers and carriers where loads are provided with both ways (fronthaul and backhaul) using high-end technology such as artificial intelligence, machine learning etc.he firm from inception with the aim to make Trucknetic, The Uber for the trucking sector.
