Trans Cargo India
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Overview
Trans Cargo India Private Limited (TCI), is seeking $35 million of equity to grow its successful long-haul transport and logistic services platform in India
Founded in 2010 with 35% CAGR YoY for the past five years
750+ owned trucks, each with 16-30 ton carrying capacity
220 express routes (of the 300 routes available in India)
19 smart hubs to monitor vehicles
Partnered with a network of more than 300 mechanic shops across India to repair trucks and 200+ partnered retail outlets for spares and consumables – provides flexibility to operate any route
Premier clients include Amazon, Flipkart, BlueDart, Delhivery, Udaan, etc.
Opportunity
India’s logistics industry is growing at 12-15% CAGR, and is expected to grow to $160 billion per year (long haul $110 billion) by 2023
Recent heavy investment in Indian road infrastructure has made road transport an efficient and reliable option compared to other transportation modes
Indian logistics market is heavily fragmented
75% is still controlled by small fleet owners owning five or fewer trucks
Excellent opportunity to consolidate the market and seize significant market share
Intermediaries make the business less lucrative for small fleet owners and creates a deficiency of trust, providing more opportunity for established logistics businesses
None of the large operators have over 2% market share – massive opportunity for consolidation
Investment in freight trucking
startups is on the rise
US$ Million
Note: The 2019 data was collected from
January to November 2019.
Source: Tracxn, accessed 8 January 2020
Solution/Strategy
TCI plans to be asset heavy which will eliminate intermediaries, and should lead to higher profits to the company and improved earnings for drivers
Technology enabled platform for tracking vehicles
Developing AI based solutions to identify routes, increase revenue, and improve reliability, transparency and accountability
Increasing the network of spare parts retailers and mechanic shops to minimize downtime
TCI model has lower dependency on third party service providers, as the vehicles are owned by the company
Top of Class Logistics Services
Fleet efficiency management
Route optimization
GPS tracking
Centralized locking system
Speed management
Maintenance alert system
Management
CEO & director since starting the business in April 2010
Heads finance and administration
Manages working capital efficiency and cost optimization
Previously assisted his father in logistics business
MBA in Finance
Chander Bindal, COO
20+ years of experience in logistics business
Worked with TCI since inception in 2010
Manages operations, customer satisfaction, client acquisition, and R&D
Develops cutting-edge technology for tracking, anti-theft, and stopping fuel leakages
