MatchLog goals to onboard 50,000 transporters within the subsequent two years

MatchLog, a digital container logistics optimization platform backed by the Kamath brothers of Zerodha fame, plans to onboard practically 50,000 transporters over the following two years, in response to Dhruv Taneja, the Founder, CEO, MatchLog. The corporate goals to realize profitability by December 2024.

MatchLog has beforehand onboarded 5,000 transporters working 100,000 trailers over the previous 5 years.

The corporate, which optimizes import containers by concurrently managing export bookings, raised $ 1.5 million in in April 2024 in a pre-series A spherical led by Movement Ventures and July Ventures, seeing participation from Enterprise Catalysts, Blue Ashva Capital, and Capital A.

“The funds will likely be to develop our platform and broaden into different international locations outdoors of India. This funding will cowl our bills for the following 24 months based mostly on our present burn price, and we count on to be worthwhile by December 2024,” notes Dhruv.

The corporate has collaborated with DahNay Logistics and Haulio to boost its operations. DahNay primarily operates from Tuticorin in Chennai however has workplaces in 19 international locations. Whereas MatchLog is concentrated on the west coast of India, this collaboration will facilitate progress. Though the mixing remains to be in its early phases, Dhruv reassured us that we’ll see tangible outcomes by September or October.

Along with DahNay, the logistics startup has partnered with Haulio, Singapore’s transport market. “This collaboration is anticipated to assist our growth into Southeast Asia, together with Thailand, Indonesia, and Singapore. We anticipate finishing the tech integration with Haulio by the top of August, with plans to go reside in September”, he added.

Growth and Challenges

The corporate primarily operates on the west coast via the ports of Pipavav, Hazira, Nhava Sheva (Jawaharlal Nehru Port), and Mundra, dealing with 70 per cent to 75 per cent of container quantity, plans to broaden its operations to the jap ports of India, beginning with Chennai. 

“Considered one of our greatest challenges was convincing the neighborhood to embrace our resolution. This was essential for managing change. We nonetheless face challenges on this space, significantly with the variety of smaller operators who personal only some trailers. They have an inclination to focus extra on survival than on scaling their companies. Our essential problem is getting via to them and speaking the advantages of our resolution.”