Ritco Logistics Limited
Ritco Logistics Limited has made a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding its step-down subsidiary, TrucksUp Solutions Private Limited.
Key Transaction Details
- Capital Infusion Amount: ₹78.26 Crore (Rupees Seventy-Eight Crore and Twenty-Six Lakh only)
- Transaction Date: August 25, 2026
- Investor Participation: The funding round included participation from a prominent syndicate of marquee institutional investors and leading family offices
- Promoter Commitment: TrucksUp's Co-founders, Mr. Sarthak Shah Elwadhi and Mr. Aviraj Singh Chadha, personally co-invested in this financing round as promoters, demonstrating long-term equity dedication
- Advisory Team: Monarch Networth Capital Limited acted as the exclusive transaction advisor for this financing round
Strategic Utilization of Capital
The newly raised capital of ₹78.26 Crore will be deployed for:
- Strengthening core technology infrastructure
- Expanding high-tier product engineering and data science teams
- Accelerating the capabilities of TrucksUp's intelligent freight-matching engine
- Working capital requirements
- General corporate purposes
Platform Strategy
The platform remains focused on optimizing real-time demand-supply dynamics, removing empty transit trips across corridors, and continuing its active drive to integrate lakhs of Small and Medium Enterprises (SMEs) onto its digital logistics network.