Dipper Technologies a Delhi based freight logistics marketplace has raised undisclosed amount of angel funding from an Angel Investor. The funds will be utilised to scale up the operations, marketing initiatives, team expansion in Delhi-NCR. Funds will also be used for testing operational models and scalable marketing. Some part of money will be utilised in research and hardware for Internet of Things devices such as tracking devices, electronic consignment notes and sensors
It was founded by Suryansh Jalan & Ayush Syal in 2015. Ayush is an IIT- Guwahati alumnus, previously worked as a reverse logistics software development engineer for Amazon. Suryansh an NIT- Tiruchirappali alumnus, previously worked as a supply chain & logistics engineer for Caterpillar Inc. It is an online platform which connects load seekers with load providers without any commission. It also serves the long haul full truck load market.
Dipper started its operations in January 2016, it focused on the National Highway connecting Delhi to Kolkata, & claims in helping to move more than 1500 tonne of material per month. It claims to have a fleet of more than 2500 owners and more than 2k verified GPS enabled vehicles with number of trucks growing at 40% month on month basis. It has worked with Indian Oil Corporation, Procter & Gamble and Tata Steel.
The startup competes with Return Trucks, Blackbuck, TruckMandi, and Rivigo in the truck aggregation segment.
Suryansh Jalan, co-founder and 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 capitalise on better service and performance.”
Recently it has started to offer its services for trucks working in southern & western parts of the country, and it plans to cover around 30 cities on the route. It will soon offer services for return journeys as well and will raised its Pre-series A round funding.