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Time of India

TrucksUp partners with Shriram Finance

Gurgaon-based full truckload aggregator TrucksUp has announced a joint venture with Shriram Finance Ltd to offer financial products to transporters, fleet owners, and logistics companies. Sarthak Elwadhi, co-founder of TrucksUp, said the partnership aims to improve financial access in the logistics sector. 'By offering financing options tailored to transporters and fleet owners, we aim to support growth and sustainability for logistics businesses across India,' he said. Nilesh S Odedara, joint managing director of Shriram Finance, said the company sees logistics as a key contributor to India's economic activity. 'We are pleased to collaborate with TrucksUp and look forward to supporting logistics operators with the financial tools they need. The services will be extended to Tier 2 and Tier 3 cities as well,' he said. Wahid Raza, business head – VAS at TrucksUp, said the alliance will help transporters and fleet operators access funding more easily. 'This collaboration helps provide capital access across the logistics ecosystem,' he said.