Truck hiring app Trucknetic has partnered with ICICI Bank as a logistics partner for their Trade Emerge platform. It is one of the few companies selected for Trade Emerge, a platform aiming to offer comprehensive digital banking, logistics, and value-added services to exporters and importers across India. The startup uses advanced technology like AI, ML, and data analytics to provide efficient and cost-effective logistical solutions. Its grander vision is to bring transparency and visibility to the logistics sector, modernize the operations across the supply chain and contribute to the Ease of Doing Business in India.
Trucknetic’s partnership with ICICI bank for Trade Emerge will help accelerate its mission to provide world-class, reliable, and cost-effective logistical solutions to small businesses and MSMEs in India.
“This collaboration aims to increase the efficiency and productivity of exporters and importers decongesting the time-taking physical procedures. The benefit of this platform is available to all exporters and importers, even if they are not customers of ICICI Bank,” said Trucknetic founder Arham Pratap Jain.
Trade Emerge will also enable the exporters to access a global trade database of nearly 15 million buyers and sellers across 181 countries, which would help them enhance their business.
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“We are happy to on board Trucknetic as our logistics partner, the partnership would provide cost-effective and efficient trucking solutions to the businesses coming on ICICI Trade Emerge”, said Sai Charan, Product Manager, Trade Products, ICICI Bank.
With years of expertise in the MSME sector and a highly experienced founding team from the logistics sector, Trucknetic has put together the perfect team to conquer the market.Trucknetic has a network of close to 200,000 fleet owners and 50,000 transporters which roughly translates to over 1 million trucks in their network. It has done a revenue of USD 3 million since December 2019.
The company has more than 100,000+ downloads on the Trucknetic Carrier application and Trucknetic Shipper application and has moved close to 100,000 metric tonnes of goods.
