91trucks Raises INR 42.92 Cr to Fuel Growth of Commercial Vehicle Marketplace
Delhi NCR-based commercial vehicle marketplace 91trucks has successfully raised INR 42.92 Cr (approximately $5 million) in a fresh funding round aimed at accelerating its digital platform and expanding its presence in India’s rapidly growing logistics and mobility ecosystem.
The funding round was led by Arkam Ventures, with participation from Titan Capital, Sparrow Capital, and India Accelerator (IA). This strategic investment underscores the growing investor confidence in the commercial vehicle segment, which is undergoing a digital transformation to enhance buying, selling, and financing experiences for fleet operators and transport entrepreneurs.
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Key Funding Details from ROC Filings
As per Registrar of Companies (ROC) filings accessed by Inc42, 91trucks issued 2,276 Compulsory Cumulative Convertible Preference Shares (CCCPS) at a premium of INR 1,88,578 per share. The funds raised are expected to support 91trucks in scaling up its technology infrastructure, boosting customer acquisition, and expanding its product and financing solutions across more geographies.
- Arkam Ventures led the round with a contribution of INR 25 Cr
- Titan Capital invested INR 14.99 Cr
- Sparrow Capital contributed INR 1.73 Cr
- India Accelerator rounded off the round with INR 99.99 Lakh
Revolutionizing the Commercial Vehicle Ecosystem
Founded with a mission to streamline commercial vehicle transactions in India, 91trucks provides an end-to-end digital marketplace for new and used trucks, financing options, insurance, and post-sale services. The platform targets truck owners, logistics businesses, fleet managers, and first-time buyers across urban and rural India.
By leveraging technology, the company helps eliminate friction in commercial vehicle purchases — often plagued by lack of transparency, inefficient pricing, and limited access to finance. 91trucks has emerged as a trusted platform for commercial vehicle discovery and financing, and this new funding will help the startup double down on its tech innovation and geographic reach.
Investor Confidence in Commercial Mobility Solutions
The latest funding round comes at a time when India’s logistics and commercial vehicle sectors are poised for robust growth, driven by infrastructure development, e-commerce expansion, and increased demand for last-mile delivery services. Investors are increasingly backing startups that simplify operations for MSMEs and logistics players.
Speaking about the investment, Arkam Ventures highlighted 91trucks’ potential to bring digital efficiency to a traditionally offline and fragmented sector. Titan Capital, an early-stage backer in many successful Indian startups, reinforced its support for the company’s vision of disrupting the commercial vehicle space.
The Road Ahead
With this fresh infusion of capital, 91trucks aims to strengthen its product offerings, expand its partnerships with NBFCs and OEMs, and grow its customer base across Tier 2 and Tier 3 cities — where digital adoption is rising rapidly.
As the Indian commercial vehicle market continues to evolve, 91trucks is well-positioned to lead the shift towards smarter, tech-driven mobility solutions for businesses and fleet owners alike.
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