MatchLog, a digital container logistics optimization platform backed by the Kamath brothers of Zerodha fame, plans to onboard nearly 50,000 transporters over the next two years, according to Dhruv Taneja, the Founder, CEO, MatchLog. The company aims to achieve profitability by December 2024.
MatchLog has previously onboarded 5,000 transporters operating 100,000 trailers over the past five years.
The company, which optimizes import containers by simultaneously managing export bookings, raised $ 1.5 million in in April 2024 in a pre-series A round led by Motion Ventures and July Ventures, seeing participation from Venture Catalysts, Blue Ashva Capital, and Capital A.
“The funds will be to develop our platform and expand into other countries outside of India. This funding will cover our expenses for the next 24 months based on our current burn rate, and we expect to be profitable by December 2024,” notes Dhruv.