A platform for community transport Instalogist, a long-distance truck booking software and cargo marketplace platform, has been acquired by Vahak.
With its network being expanded and growth accelerated by this decision, Vahak will be better able to support the Indian road transportation industry, as per reported by mediainfoline.
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Detailing on the takeover, Karan Shaha, CEO and Co-Founder at Vahak, said, “Joining hands with like-minded partners has enabled us to bring our tech capabilities and expertise to a growing network. The move is in line with our mission to serve the needs of the fast-growing Indian transport community. Together with Instalogist, we are on track to become the one-stop shop for all logistics needs of the Indian road transportation sector.”
Users of Instalogist will have access to Vahak’s massive community of over 500,000 monthly active users and 2 million registered companies as well as Vahak’s value-added services like vehicle and cargo insurance, GPS, safe and secure payments, and e-medical consultations after the deal’s completion, which is scheduled for the end of January 2023, as per reported by mediainfoline.
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Pramod Prakash, CEO and Co-Founder of Instalogist, said, “Joining forces with Vahak is a natural next step for us. We are excited to collaborate with like-minded technopreneurs who are willing to transform the Indian logistics sector with focused technologies for load owners and supply-side trucking community.”
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India’s fastest-growing and most dependable digital transportation service is now the Vahak truck booking app. The truck owners, agents, brokers, shippers, and businesspeople who require trucks are all connected in the world of road transportation. The Vahak app serves as a link between them, enabling greater performance.
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