New Delhi, India –16 October 2024 – Traqo.io, a no-code Third-party logistics management platform for the manufacture, has raised an undisclosed amount in its pre-seed funding round, led by We Founder Circle. Promising to revolutionise logistics, the innovative platform offers real-time, integrated management solutions that eliminate the need for manual processes like spreadsheets and reduce operational inefficiencies.

Founded by Mukesh Deogune (IIT BHU), along with a seasoned team from Microsoft, HSBC, and Reliance, Traqo is already making waves in the logistics industry with its SaaS-based platform that covers the entire freight lifecycle—from procurement and tracking to audit and settlement. The platform claims to be 10x faster and cheaper than current market alternatives, providing stakeholders such as manufacturers,with powerful tools for streamlining their operations.

Mukesh Deogune, Founder of Traqo.io says “Traqo is enabling logistics stakeholders to manage their operations on a single, neutral platform, ensuring greater transparency, efficiency, and scalability. With the backing of We Founder Circle, we are set to expand our AI-driven features and empower businesses to gain full visibility and control over their logistics.”

We Founder Circle sees Traqo’s innovative approach to logistics management as a game-changer for industries fraught with challenges. “Solving a real-world problem, Traqo’s no-code platform has the potential to redefine how logistics is managed across sectors, offering businesses the ability to optimize every aspect of their freight lifecycle,” said Neeraj Tyagi, Co-Founder & CEO, We Founder Circle.

The No-Code-Saas platform offers an easy-to-customize, drag-and-drop modules for freight procurement, tracking, trip planning, SLA management, fund audit, and invoicing. It deploys a combination of SIM-based tracking, GPS, and toll gate data for real-time monitoring. Furthermore, it’s AI-based trip planner for route optimization and 3D load optimisation, allows organisations to achieve cost and operational efficiencies.

The innovative start-up has 51+ SMEs onboard and growing at 3X YOY. The start-up is further looking at a Total Addressable Market (TAM) of USD 215 billion, with pan-India and global opportunities.

The latest infusion of funds are going to be used for scaling Traqo’s AI and tech team, enhancing the platform to meet the growing demands for efficient logistics solutions in the manufacturing and e-commerce sectors. By offering a pay-as-you-go subscription model, Traqo provides cost-effective, flexible solutions that are accessible to businesses of all sizes.