Acquisition · Mobility & Logistics
91trucks acquires Motorfloor and Trucksfloor from Indiyanet
By Startup Enthusiast ·
- 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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