Delhi-based freight logistics marketplace Dipper, run by Dipper Technologies Pvt. Ltd, has raised funding from an angel investor.
Dipper was co-founded by Jalan and Ayush Syal in September 2015. Jalan is an alumni of National Institute of Technology, Tiruchirappalli and has worked with Caterpillar Inc. Syal is an IIT-Guwahati alumnus who was previously working with Amazon as a reverse logistics software development engineer.
Dipper started operations in January 2016 focusing on national highway from Delhi to Kolkata.It claims to be helping movie 1500 tonne of material every month
Suryansh Jalan, 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 has also tie ups with IOC and some other companies including few insuerers.As of now the startup is not charging for consignment owners.
Presently, Dipper is generating INR 50 lakhs GMV. The startup soon plans to raise an undisclosed amount in the next pre-series A funding.
Dipper competes with TruckMandi, ReturnTrucks, Rivigo and Blackbuck in the truck aggregation segment.