Page 38 - Most Trusted Logistics and Supply Chain Brands & Booming Fintech Companies

10 MOST TRUSTED LOGISTICS AND SUPPLY CHAIN BRANDS 2021

TRUCKNETIC

Leading the transformation in India’s digitized
freight forwarding space

Corporate Review | Akshita Kapoor

ndoubtedly, freight forwarders are the overall impression remains unclear, the footsteps of
head honcho of the logistics and supply transformation could be felt.
chains industry. When the term ‘digitiza- New startups and entrepreneurs are updating
tion of logistics sector’ became head- the musty processes of the freight forwarders with
line news- a catalyst of change paving automation and associated new-age technologies.
Uways to automate and reconstruct the Young companies carrying the potential to disrupt
familiar processes. The sector was pushed ahead are transforming almost every area- from sales to
on its journey of digitization. Entrepreneurs started cargo handling, transportation and tracking to last-
conceptualizing to create amazons and ubers of mile delivery and billing. These startups are making
freight forwarding space. Freight forwarding has things possible in the logistics space that once
travelled a long way – from keeping manual records seemed impossible.
and fax machines to providing instant quotations The above lines bring us to the journey of
and real-time updates. Trucknetic and his young leader, Arham Partap
However, the ‘big cheese’ of the freight Jain who has kept innovation at the heart of his
forwarding space is still calculating about wearing entrepreneurship. Via his entrepreneurial venture,
the digital avatar. The transportation industry still Arham is helping logistics companies leverage
stands as a low-tech, fragmented and labour-inten- technological breakthroughs to transform their
sive space. The digital momentum of the logistics supply chain and operational flows to meet growing
industry gets sleepy with transportation. While the consumer demand. Founded in 2019, Trucknetic is
a technology platform that connects shippers with
carriers and establishes a marketplace that is a
central portal for both front loads and backloads
by using machine learning, automation, and other
software services.

Putting more stars to its sky, Trucknetic has proven
its mettle in a highly competitive industry. Just
within two years of its journey, Trucknetic has been
acknowledged and appreciated globally. Here is
the glimpse:
„ Selected among Top 80 Startups in India for
Startup Leadership Program
„ Selected under Top 40 startups in TIE Venture
Studio first cohort
„ Counted among Top 10 logistics companies in
the world for the year 2021
„ Selected in Top 10% startups by Y Combinator
W’21

„ Arham was awarded as Entrepreneur Of the
Year award for Trucknetic in 2020.by Indian
Arham Partap Jain - Founder & CEO Achievers’ Association

38| Thecorporatereview.com | India | Vol. 2 | Issue 9 | October 2021