Delhi-based freight logistics marketplace Dipper Technologies has raised an undisclosed amount of angel funding from group of investors.
Dipper was co-founded by Suryansh Jalan and Ayush Syal in September 2015. Jalan is an alumni of National Institute of Technology, Tiruchirappalli and has worked with Caterpillar Inc. Syal is an IIT-Guwahati alumnus who was previously working with Amazon as a reverse logistics software development engineer.
Dipper is an online platform that connects load providers (GTA) with load seekers (Truck Owners) without commission. Dipper serves the long haul (inter-city) full truckload (FTL) market. It provides a technology platform, enabled with IoT devices to its partner ecosystem of large fleet owners, small-to-mid-sized trucking carriers and transporters.
It started operations from January 2016, focusing on the National Highway number two from Delhi to Kolkata, and claims to be helping move over 1500 tonne of material every month. It also claims to have 2500+ fleet owners and 2000+verified, GPS-enabled vehicles, with number of trucks growing at 40% month-on-month basis, on its platform. The startup has helped ship consignments for several big companies including Tata Steel, Indian Oil Corporation (IOC), and Procter & Gamble.
Suryansh Jalan, CEO of Dipper, said, “Vehicle and load owners have a lot of additional issues, beyond moving the load, such as vendor discovery, payment processes, resource management and maintenance. We are looking to develop a smart ecosystem that solves these problems and enables users to capitalize on better service and performance.”
The startup plans to use the funds for marketing initiatives and ramping up operations, besides expanding its teams in Delhi and other cities. It also plans to expand pan India while reaching 30 cities in the next few months. Presently, Dipper is generating INR 50 lakhs GMV. The startup soon plans to raise an undisclosed amount in the next Pre-Series A funding.
Dipper competes with TruckMandi, ReturnTrucks, Rivigo and Blackbuck in the truck aggregation segment.