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Freight logistics marketplace Dipper Technologies raises undisclosed angel funding

Startup & Entrepreneurship

Freight logistics marketplace Dipper Technologies raises undisclosed angel funding

Aiming to further execute the marketing initiatives more efficiently and expand its footprint in Delhi and other cities, freight logistics marketplace Dipper Technologies has raised an undisclosed amount of angel funding from unnamed angel investors.

Suryansh Jalan, the 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.”

The company will use the funds for marketing initiatives and ramping up operations, besides expanding its teams in Delhi and other regions. The company will also use the capital for testing scalable marketing and operational models, he said. Besides, part of the money will be used for hardware and research such as Internet of Things (IoT) devices including sensors, tracking devices and electronic consignment notes.

Dipper is generating Rs. 50 lakhs GMV at the moment. The startup soon plans to raise an undisclosed amount in the next pre-series A funding. It has also tie ups with IOC and some other companies including few insurers. As of now the startup is not charging for consignment owners.

Co-founded by Jalan and Ayush Syal, Delhi-based Dipper started operations in January 2016 focusing on national highway from Delhi to Kolkata. It claims to be helping move 1500 tonne of material every month.

Dipper competes with TruckMandi, ReturnTrucks, Rivigo and Blackbuck in the truck aggregation segment.

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