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Acquisition · Mobility & Logistics

91trucks acquires Motorfloor and Trucksfloor from Indiyanet

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Date
Company
91Trucks
What it does
Commercial vehicle platform
Kind
Acquisition
Based in
Gurugram
Founded
2022
Sector
Mobility & Logistics

What they do

91trucks is a Gurugram-based platform for commercial vehicle discovery, reviews, listings, dealer connections and financing

What happened

It has acquired Motorfloor and Trucksfloor, commercial vehicle discovery platforms, from Bhubaneswar-based Indiyanet for an undisclosed amount

Why it matters

The acquisition signals consolidation in the digital commercial vehicles ecosystem as 91trucks builds a full-stack platform

The details

  • 91trucks has acquired Motorfloor and Trucksfloor from Indiyanet.
  • Motorfloor and Trucksfloor are commercial vehicle discovery platforms that provide specs, features, images and on-road prices.
  • Indiyanet is a Bhubaneswar-based company that operated these platforms.
  • The acquisition amount was undisclosed.
  • The deal signals consolidation in the digital commercial vehicles ecosystem.

The bigger picture

  • 91trucks is building a full-stack platform covering discovery, financing, insurance and ownership services for commercial vehicles.
  • Indiyanet's platforms rank top three in India by traffic and volume in their category within two years.
  • The acquisition helps 91trucks expand its reach and capabilities in the commercial vehicle space.

About the business

  • 91trucks was founded in 2022 and is based in Gurugram.
  • It is a commercial vehicle platform offering info, reviews, listings for trucks, buses and three wheelers.
  • It also provides dealer connections and financing options.
  • The company is building a full-stack platform including discovery, financing, insurance and ownership services.
  • Motorfloor and Trucksfloor are commercial vehicle discovery platforms with specs, features, images and on-road prices.

What happens next

  • 91trucks plans to build a full-stack platform for commercial vehicles covering discovery, financing, insurance and ownership services.

The deal

Type
acquisition

Founders

  • Siddharth Sharma, Co-founder of 91trucks
  • Subrat Kar, Founder of Indiyanet

About 91Trucks

Product
Phygital marketplace offering vehicle discovery, financing, insurance, fitness checks, RTO transfers, and affordable service infrastructure
Customers
Small fleet owners and first-time buyers of commercial vehicles including trucks, buses, and three-wheelers
How it makes money
B2C marketplace combining online platform with offline retail presence for commercial vehicle sales and services
What sets it apart
Phygital model addressing 55% of CV market (small vehicles), 8x revenue growth in two years, AI-enabled operations

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