91Trucks Secures $5M in Series A Funding Led by Arkam Ventures
Deal News | May 07, 2025 | Aim Group
India-based used commercial vehicle marketplace 91Trucks has successfully raised $5 million in a Series A funding round. The round was spearheaded by Arkam Ventures, with significant contributions from Titan Capital, Sparrow Capital, and Atrium Angels. According to reports, the investment round values 91Trucks at approximately INR2.8 billion, with Arkam and Titan Ventures now holding significant equity stakes in the company. Founded in 2022 and headquartered in Gurugram, 91Trucks operates seven outlets across four Indian locations, specifically dealing in used trucks, spares, buses, three-wheelers, and tires. With proceeds earmarked for capital expenditure, marketing, and overarching corporate needs, 91Trucks reported a notable revenue growth of 155% from the previous year, amassing INR101 million in the 12 months leading to March 2024.
Sectors
- Automotive
- Venture Capital
- E-commerce
Geography
- India – 91Trucks is based in India and operates several outlets across the country, marking India as its primary geographical market.
Industry
- Automotive – 91Trucks operates within the automotive industry, focusing on commercial vehicles including trucks, buses, and three-wheelers.
- Venture Capital – The article details a Series A funding round led by Arkam Ventures, highlighting the involvement of various venture capital firms in the transaction.
- E-commerce – 91Trucks functions as an online marketplace, facilitating the buying and selling of used commercial vehicles.
Financials
- INR 429 million ($5 million USD) – Total amount raised in the Series A funding round by 91Trucks.
- INR 2.8 billion – Reported valuation of 91Trucks post-Series A round.
- INR 188,578 – Issue price per Series A compulsorily convertible preference share (CCPS) issued by 91Trucks.
- INR 101 million – Revenue reported by 91Trucks for the 12 months leading to March 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 91Trucks | Target Company | Company | An India-based online marketplace for used commercial vehicles founded in 2022, headquartered in Gurugram. |
| Arkam Ventures | Investor | Company | A venture capital firm that led the Series A funding round for 91Trucks through its investment arm, Unitary Fund. |
| Titan Capital | Investor | Company | A venture capital firm participating in the Series A funding round for 91Trucks. |
| Sparrow Capital | Investor | Company | A participant in the Series A funding round for 91Trucks. |
| Atrium Angels | Investor | Company | A participant in the Series A funding round for 91Trucks. |