Company Name : Trucking Cube
Funding Amount : Rs 100 Crore
Investor(s) Agarwal Movers Group
Funding Round : Not Disclosed
Agarwal Movers Group has invested Rs 100 crore in Trucking Cube.
Trucking Cube assures safe-delivery of goods with Zero Transshipment, Zero Damage, Zero Loss to its house-hold and commercial customer. The goods are transported in ‘cubes’ exclusively assigned to them avoiding any rancidity.
A study carried over years by Agarwal Movers Group has shown that the country yearly sees a damage of over 42,000 crore in transshipment due to surface logistics. Trucking Cube, the company claims assures safe-delivery of goods with Zero Transshipment, Zero Damage, Zero Loss to its house-hold and commercial customer.
“Trucking Cube assures Zero Transshipment, improved efficiency by 200% and 6% reduction in the packaging cost. The 100 crore investment will be made over the next three years to grow the ecosystem and the number of cubes to 10,000 from 2,000 cubes,” said,” Ramesh Agarwal Chairman, Agarwal Movers Group.
Agarwal Movers Group will move 100% to Trucking Cube by July 2016.