Instavans is a Logistics tech startup focused on the development of SaaS products for the Trucking industry.
Address
Instavans Logistics, 4th Floor, Foundation House, Mission Road, 40, 2nd Main Rd
Bangalore
560027
Alerts
Be the first to know and let us send you an email when Instavans posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.
Contact The Business
Send a message to Instavans:
Shortcuts
Share
Category
Our Story
Instavans is a tech enabled platform for connecting local shippers and local truckers in real-time within the city. The local trucking industry is extremely fragmented and lends itself well to a technology-enabled marketplace; both with respect to aggregating a highly fragmented supply market and applying technology to an otherwise paper and pencil industry. It is also a huge market, currently estimated to be USD 15 bn in India alone. Did you know that trucks move around 2 billion tons of freight domestically in India every year? That’s close to 60% of all freight tonnage transported in the India including rail, maritime, and air. That’s an astounding amount of stuff – India would be crippled without trucks. And it’s getting even bigger. As with other transportation sectors, local trucking correlates well with the macro market and industry revenues are expected to increase as consumer spending and industrial production increases.
Despite being a massive industry, the market remains extremely fragmented with no dominant players in the industry. Independent trucking companies operating fleets of 1-5 trucks primarily serve local markets. These small companies account for 80% of market revenue. Even the largest companies have no more than 50 vehicles in their fleet. These large companies often do not own their whole fleet, but rather contract out to independent owner-operators. By aggregating a large number of local truck operators, Instavans will be building a virtual fleet larger than any other local provider. By offering an on-demand platform that offers price transparency, speed to delivery, and a better end-to-end experience for both shippers and truckers, Instavans is increasing the efficiency of supply and demand matching between them.
Traditionally, shippers spent hours calling through their Rolodex of trucking companies to find trucks with open capacity, while trucking companies struggle to market their availability.
