Mumbai, Mar 13 (PTI) Truck aggregator Raaho on Monday said it secured funding worth Rs 20 crore from an extended pre-series A round led by Inflection Point Ventures (IPV), Roots Ventures, and Blume Founders Fund.

The round also saw participation from angles like Vijay Shekhar Sharma, Kunal Shah, K Krishna Kumar, Venkatesh Vijayaraghavan and Aseem Khurana, amongst others, the Gurgaon-based startup with operations in 15 cities said in a statement.

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The capital will be used to increase geographical presence and strengthen its data science and other tech capabilities to automate freight matching, Imthiaz, co-founder and chief executive of the startup, said.

The company has operations across 15 cities with presence in major cities like Delhi-NCR, Chennai, Bengaluru, Coimbatore, Mumbai, Hyderabad, Kolkata, Pune, Ahmedabad and Kanpur, among others.

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Established in 2017 and co-founded by Imthiaz, Muralidharan C, Vipul Sharma, Fahad and Joshua Jebakumar, Raaho is a logistics marketplace connecting shippers and truckers offering them on-demand trucking solutions.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)