TrucksUp Solutions Secures ₹78.26 Crore in Growth Financing Round to Boost Technology Infrastructure
TrucksUp Solutions Private Limited, a subsidiary of Ritco Logistics Limited, has successfully closed a growth financing round, securing an aggregate funding of ₹78.26 Crore. The capital infusion, which took place on August 25, 2026, comes from a syndicate of marquee institutional investors and leading family offices.The financing round demonstrated strong commitment from the company's leadership. The co-founders of TrucksUp, Mr. Sarthak Shah Elwadhi and Mr. Aviraj Singh Chadha, personally co-invested in the round, highlighting their long-term equity dedication to the enterprise's trajectory. Monarch Networth Capital Limited served as the exclusive transaction advisor for the financing.
Key details of the transaction are summarized below:
| Parameter | Detail |
|---|---|
| Capital Infusion Amount | ₹78.26 Crore |
| Date of Funding | August 25, 2026 |
| Investor Base | Syndicate of institutional investors and family offices |
| Promoter Commitment | Co-founders Sarthak Shah Elwadhi and Aviraj Singh Chadha |
| Advisor | Monarch Networth Capital Limited |
Strategic Deployment of Funds
The newly raised capital of ₹78.26 Crore inside the subsidiary is earmarked for strengthening core technology infrastructure. The funds will also be used to expand high-tier product engineering and data science teams, accelerating the capabilities of TrucksUp's intelligent freight-matching engine.Beyond technology upgrades, the capital will cover working capital requirements and general corporate purposes.
The platform continues to focus on optimizing real-time demand-supply dynamics. TrucksUp is actively working to remove empty transit trips across corridors and is committed to integrating lakhs of Small and Medium Enterprises (SMEs) onto its digital logistics network.
RITCO Stock Price Movement
Ritco Logistics Limited shares closed today, edging higher by 0.65% to settle at ₹316.25. The stock traded within an intraday range of ₹308.8 to ₹321.85, with a total volume of 74,455 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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