Traqo.io, a no-code Third-party logistics management platform for the manufacturer, has raised an undisclosed amount in its pre-seed funding round, led by We Founder Circle.
The funds raised will be used to scale Traqo’s AI and tech team, enhance the platform to meet the growing demands for efficient logistics solutions in the manufacturing and e-commerce sectors.
Mukesh Deogune, Founder of Traqo.io said, “Traqo is enabling logistics stakeholders to manage their operations on a single, neutral platform, ensuring greater transparency, efficiency, and scalability. With the backing of We Founder Circle, we are set to expand our AI-driven features and empower businesses to gain full visibility and control over their logistics.”
“Solving a real-world problem, Traqo’s no-code platform has the potential to redefine how logistics is managed across sectors, offering businesses the ability to optimize every aspect of their freight lifecycle,” said Neeraj Tyagi, Co-Founder & CEO, We Founder Circle.
Founded by Mukesh Deogune (IIT BHU), along with a seasoned team from Microsoft, HSBC, and Reliance, Traqo is a third-party logistics management platform for manufacturers, providing complete visibility across the freight cycle.
The platform claims to be 10x faster and cheaper than current market alternatives, providing stakeholders such as manufacturers, with powerful tools for streamlining their operations. By offering a pay-as-you-go subscription model, Traqo provides cost-effective, flexible solutions that are accessible to businesses of all sizes.
The platform offers real-time, integrated management solutions that eliminate the need for manual processes like spreadsheets and reduce operational inefficiencies.
The No-Code-Saas platform offers easy-to-customize, drag-and-drop modules for freight procurement, tracking, trip planning, SLA management, fund audit, and invoicing. It deploys a combination of SIM-based tracking, GPS, and toll gate data for real-time monitoring.
Furthermore, its AI-based trip planner for route optimization and 3D load optimisation, allows organisations to achieve cost and operational efficiencies.
The innovative start-up has 51+ SMEs onboard and growing at 3X YOY. The start-up is further looking at a Total Addressable Market (TAM) of USD 215 billion, with pan-India and global opportunities.
