91trucks Raises INR 43 Cr from Arkam Ventures and Other Leading Investors

Delhi NCR-based online commercial vehicle marketplace 91trucks has secured INR 42.92 Cr in a funding round led by Arkam Ventures. The round also saw participation from Titan Capital, Sparrow Capital, and India Accelerator.

As per filings with the Registrar of Companies (RoC), 91trucks allotted 2,276 Compulsory Cumulative Convertible Preference Shares (CCCPS) at a premium value of INR 1,88,578 per share to participating investors. Arkam Ventures led the investment with INR 25 Cr, followed by Titan Capital at INR 14.99 Cr, Sparrow Capital at INR 1.73 Cr, and India Accelerator contributing INR 99.99 Lakh.

Founded in 2022 by Siddharth Sharma, Abhishek Gautam, and Vikas Sharma, 91trucks simplifies the commercial vehicle buying process for India’s logistics and business ecosystem. The platform connects buyers with authorized dealers and OEMs, while also offering expert reviews to support informed purchase decisions. The startup further facilitates vehicle financing through its growing NBFC network.

In addition to its core marketplace for trucks, buses, and three-wheelers, 91trucks has launched specialized verticals such as 91Infra (focused on construction site vehicles) and 91tractors (for agricultural vehicles). The startup also plans to expand into the used commercial vehicle space, offering buyers a broader range of options and price points.

The current fundraise will be deployed to enhance platform capabilities, invest in technology, expand into new geographies, and strengthen customer support and financing integrations.

The investment comes at a time when India’s commercial vehicle sales have remained steady, with around 9.5 Lakh units sold in 2024, slightly lower than the 9.7 Lakh units sold in 2023, as reported by the Society of Indian Automobile Manufacturers (SIAM). Despite these figures, the online commercial vehicle market in India is expected to grow into a 69.09 USD Bn opportunity, reflecting a broader shift towards digital channels.

This announcement comes as India’s ecommerce sector continues to attract investor interest — recording USD 600 Mn across 47 deals in Q1 2025 — underscoring the broader momentum behind digital-first platforms like 91trucks.

About Us

Founded in 2022, 91trucks is the fastest-growing digital platform dedicated to providing the latest updates and information about the commercial vehicle industry. Under the leadership of our founders — Mr. Siddharth Sharma, Mr. Abhishek Gautam, and Mr. Vikas Sharma — who are industry pioneers with a collective track record spanning four decades in the automotive sector, we strive to offer comprehensive and reliable insights. Our platform offers detailed information on trucks, buses, and auto rickshaws, including prices, specifications, comparisons, dealership details, and industry news. Stay informed with the latest updates through our website and social media channels.