IndiaMART will invest Rs 7.5 cr in Truckhall Pvt Ltd

Recently B2B marketplace IndiaMART informed that it has invested  Rs 7.5 crores to purchase compulsorily convertible debentures (CCDs) of Truckhall Private Limited (‘Superprocure’) via its wholly-owned subsidiary Tradezeal Online Private Limited. Superprocure is a SaaS platform that offers digitizing services. It offers dispatch monitoring systems for the logistics department of an organization. In a press statement, the company said that it empowers logistics departments to discover the best possible rates through a transparent bidding and auction structure, thus saving costs. Earlier, Superprocure’s Seed investment round was led by IndiaMART in April 2022. In this round the B2B marketplace invested Rs 9.68 crores as primary capital into the company.

While informing about the investment, Founder and CEO of IndiaMART, Mr. Dinesh Agarwal said: “Last year we led the Seed investment round into Superprocure based on our confidence in the team’s expertise and ability to develop a unified SaaS product which allows enterprises to bring all stakeholders on one platform, and manage all parts of their logistics operations. Since then, the team has validated the product, and marquee enterprise customers across industries are now relying on the platform to reduce freight costs and improve supply chain efficiencies. We are excited to partner with the Superprocure team and support them on their next phase of growth”. Truckhall Private Limited provides full and real-time visibility to all events across the entire dispatch cycle, from indenting to delivery, via alerts, dashboards, and reports.