November 11, 2019: The Delhi based logistics startup TruckSuvidha on Friday announced the raising of an undisclosed amount from Gas Authority of India Limited (GAIL) in a seed funding round.
As a 5-year-old connector between the transporters, truck drivers and customers, the transportation enabler now wants to expand its territory to more Indian cities and reinforce the backend technology.
Founded by Ishu Bansal and Amit Punaini in 2014, the online truck portal helps to find trucks in the city with required loading capacity and provide them with end-to-end support in transporting goods from one place to another.
The company has its presence in 32 Indian cities, 34000 registered transporters and 332000 trucks with an average of 1550 bookings each day.
GAIL is the Government of India owned natural gas processing company that received the Maharatna status in 2013.
The rise of the on-demand economy has completely changed how the delivery and logistics industry operates in India.
Thanks to the ubiquity of smartphones and on-demand delivery apps, moving something from point A to point B is just a push of a button away.You order a dress online and can get it delivered the next day.
Through Swiggy you can order food from your favorite restaurant and get it delivered within 30 minutes at your doorstep!The need to be served instantly has led to the rise of many on-demand delivery startups in India who are capitalizing on this essential need.
More players are joining the race as the Indian logistics market is set to reach US$ 307 billion by 2020.In particular, the on-demand food delivery industry is set to earn a revenue of US$3,080m in 2018.
Founded in 2015 by Vaibhav Khandelwal and Abhishek Bansal, the venture recorded gross revenue of Rs 34.07 crore for 2017.The duo started their operations focusing on food delivery, but have expanded the service portfolio to include groceries, pharmacy, and other items.
It has also moved into the B2B industry covering over 70 cities across India.The company offers 100% mobile activated deliveries utilizing their strong network of 7,000+ delivery partners and over 400 vehicles.
Navnish Bansal says that financial investments advisory group at A1 Intraday Tips has attempted to discuss the significance of Target & Stop loss in the NSE Share Market.What is the Target & Stop Loss?We encourage all traders, that whenever a trader or an Investor purchases or sells the share/stock he should likewise choose the target and stop loss for that specific stock to avoid loss of his capital.
Navnish Bansal says That when the share market is increasing, investors/ traders ought to purchase the share/ stock, set a target and stop loss.
We want to discuss this by providing a live trade example Purchase Reliance @ 1000 target 1025 and stop loss 980.
Same way if the stock price goes down and makes low of 980, which is the stop loss fixed by the trader, a trader needs to book loss by offering the shares @ 980.
Navnish bansal thinks that Firstbriefly sell the stock and after that purchase the share, also is an excellent idea to make money in bearish markets.
Suppose a Trader Ajay plans to Sell Maruti @ 5000 for target's 4700 and stop loss 5150.
Furthermore, the organization assesses, plans, and prevents any possible destruction of the available major assets and infrastructures (Seguna-Serrano, 2015).
The vision of the organization revolves around having world-class security that could retain the national pride by protecting and preventing massive damages.
The CICPA in Abu Dhabi performs under speculated standards that are set by the government through the program of provision of professional health and safety to the employees.
Therefore, the CICPA is focused on providing adequate services and establishing safety precautions for the people of the UAE.Comparison of CICPA and US Department of TransportationThe United States Department of Transportation was founded due to the responsibility of the government in the provision of safety precaution that oversaw the prevention and protection of national infrastructures and assets from harm or any hazardous actions.
Additionally, a similarity is seen because both organizations work with other organizations in the protection sector.
For instance, terrorism affects national assets and infrastructure making the country incur costs of repairs or replacements of the affected/damaged assets.