91Trucks provides end-to-end support for used truck buyers which includes access to vehicle discovery and buying, financing, and comprehensive post-purchase support
Full-stack commercial vehicle (CV) platform 91Trucks has raised $5 million in a Series A funding led by Arkam Ventures, with participation from existing investors, Titan Capital Winners Fund, Sparrow Capital, and Atrium Angels. The funds raised will be used to expand its product and technology capabilities, scale its team, and expand its offline retail footprint to over 20+ stores.
Founded in October 2022 by Siddharth Sharma, Vikas Sharma, and Abhishek Gautam, 91Trucks provides end-to-end support for used truck buyers which includes access to vehicle discovery and buying, financing, and comprehensive post-purchase support. The company stated that it is targeting to sell 10,000 CVs annually in the next three years.
Siddharth Sharma, CEO & Cofounder, 91Trucks said, “In the last two years, our revenue has grown 8x and with this funding, we will accelerate our physical footprint across Tier 2 and 3 cities, invest in technology, particularly in AI, and strengthen our team.”
Bala Srinivasa, Managing Director at Arkam Ventures, said, “We are delighted to partner with a strong 91Trucks founding team that is using their past experiences to reimagine India’s used truck ecosystem via a tech-led full-stack solution that eliminates massive inefficiencies. Their ability to integrate technology with offline retail brings efficiency and trust to a market that has historically lacked both.”
According to data on Tracxn, 91Trucks has a current valuation of ₹49.1 crore. Its previous seed funding round was held in May 2024.
Arkam Ventures has invested in 21 companies over the past eight years. In addition to its investment in 91Trucks, the firm also participated in a follow-on round for the online platform Smallcase.
(With inputs from businessline intern Nethra Sailesh)
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Published on May 8, 2025
