The Silicon Valley startup with its roots in Pakistan, KeepTruckin has raised $50 million in Sequence C funding led by Institutional Enterprise Companions (IVP) with participation from present buyers of the startup, Google Ventures, Scale Enterprise Companions and Index Companions. KeepTruckin has additionally welcomed two members from IVP to be on their Board of Administrators.
KeepTruckin is a fleet administration firm that builds digital logging units (ELDs) for trucking companies offering them with the know-how to trace automobiles and maintaining digital logs of hours pushed. It has enabled trucking corporations to trace their automobiles in actual time by GPS, in addition to serving to them audit driver logs and handle gas taxes. The smartphone app has additionally helped drivers to trace their hours on the street and preserve their automobiles.
Primarily based out of San Franciso, KeepTruckin has constructed the biggest community of linked vans in lower than 5 years. With their high rated ELD, they’ve exceptionally improved effectivity and security of the trucking business. The corporate is led by Shoaib Makani, who quit companies like Google, AdMob and Khosla Ventures to chase his entrepreneurial dream. He kickstarted KeepTruckin in 2013 and bought a passionate group of engineers from a Plan9 startup to care for core engineering improvement of the answer. The startup was led by Ali Rehan & Ameer Zaheer of the internationally acclaimed Groopic app. At the moment, Rehan heads the product group at KeepTruckin whereas Zaheer is main analysis and improvement.
Progress in numbers
Over the course of final yr, KeepTruckin has progressed many folds, increasing its presence in six international places. The corporate has now joined the league of one of many quickest rising SaaS (Software program as a Service) corporations. KeepTruckin has expanded their buyer base from 500 to 30,000 corporations and grew their annual recurring income by 80 occasions. Along with that, the corporate has grown from 70 to 500 workers working throughout engineering, operations, gross sales and help groups.
The freight administration firm is now increasing into two main cities of Pakistan. KeepTruckin has just lately inaugurated an workplace in Islamabad that might be housing over 500 workers. Along with that, they’re organising a brand new workplace in Lahore to considerably scale their engineering group. At present, Lahore group includes of 20 workers which are anticipated to develop to 200 workers engaged on most superior engineering options.
TechJuice reached out to Shoaib Makani, CEO of KeepTrucking to know concerning the future plans of the corporate for Pakistan and past. Makani shared,
“Proper now, we have now essentially the most superior engineering group in Pakistan by way of being a startup and reaching such worldwide development. The enlargement in Pakistan will help us in growing our presence at a world platform to offer our options to the worldwide market.”
When requested about if KeepTrucking might be using the funding for constructing extra merchandise or bettering the prevailing answer. Makani responded,
“We’re engaged on a video module that may be built-in with the back-end of our answer. It will likely be a video security product that can monitor the roads, make sure that drivers aren’t distracted and the vans observe the lanes.”
KeepTruckin is aiming to deliver over 400,000 vans into their community by the top of 2018. The corporate can also be increasing its group and is predicted to cross over 1000 workers working throughout completely different cities to revolutionizing the worldwide trucking business.
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