App for truckdrivers
App for fleet owners
Season 3 Episode 50
| Brand | Road Pilot |
| Company Name | Road Pilot technologies pvt ltd |
| Founders | Nitin Sharma, Neelam Sharma |
Original Ask | 80 lakhs for 5% equity at the valuation of Rs. 16 crores |
Deal | No Deal |
About the Product
Road Pilot provides a trusted platform designed to empower truck drivers and fleet owners by addressing their specific needs. With a focus on the truck driver community, Road Pilot offers a meticulously crafted app tailored to navigate the unique challenges faced by drivers, ensuring an effective job search and employment experience. Recognizing the importance of insurance for truck drivers, Road Pilot goes beyond job listings by providing access to health insurance and personal accident coverage. This commitment sets them apart from other platforms, demonstrating a genuine concern for the well-being and security of truck drivers.
In addition to job opportunities, Road Pilot has forged partnerships with dhabas and truck mechanics, offering cross-selling opportunities to enhance the overall experience for truck drivers. This holistic approach aims to provide comprehensive support beyond employment, addressing various aspects of drivers’ professional and personal needs. With a mission to restore the pride and honour of truck drivers and fleet owners, Road Pilot is dedicated to empowering this vital segment of the transportation industry. Through their centralized platform, they streamline the job search and application processes, alleviating the burden of navigating multiple sources for employment opportunities. Road Pilot’s commitment to empowering truck drivers is evident in their holistic approach to addressing the challenges faced by this community. By providing access to job opportunities, insurance coverage, and additional support services, Road Pilot aims to create a more inclusive and supportive environment for truck drivers and fleet owners alike.
Founders & their story
- Nitin Sharma
- Neelam Sharma
Road Pilot facilitates the connection between truck drivers and truck owners through their app, addressing the challenge of unavailability of trained and certified truck drivers that often leads to financial losses for fleet owners. With approximately 5 crore truck drivers in India, the platform aims to bridge the gap between demand and supply in the trucking industry. Truck drivers using Road Pilot can access life insurance and locate nearby dhabas and mechanics directly through the app, enhancing convenience and safety during their journeys. Over the past three months, the platform has successfully helped 1000 truck drivers secure work opportunities, contributing to their livelihoods and financial stability.
To utilize Road Pilot, users are required to fill out a form and provide details about their truck and preferred routes, facilitating efficient matching between truck owners and drivers. The platform offers different plans tailored to the needs of both truck owners and drivers, ranging from basic to premium options, each with various costs and offerings. In cities like Lucknow, where an estimated 10,000 to 15,000 commercial drivers seek work monthly, Road Pilot serves as a valuable resource for connecting drivers with available job opportunities. Background verification is conducted for all onboarded drivers, ensuring reliability and safety for both parties involved in the transactions.
About the company
Road Pilot is revolutionizing the trucking industry with its innovative app designed to streamline job opportunities for truck drivers. By aggregating job listings, Road Pilot simplifies the process of finding the best trucking jobs, empowering drivers to connect directly with companies. This direct connection eliminates third-party intermediaries, saving both time and money for drivers and companies alike. In addition to connecting drivers with job opportunities, Road Pilot also facilitates direct communication between truck owners and drivers. This feature allows truck owners to pay for trucking services directly from their mobile phones, enhancing convenience and efficiency in the hiring process. With its user-friendly platform, Road Pilot is committed to providing the fastest and most efficient way for drivers and truck owners to connect and hire help. By digitizing the trucking employment exchange, Road Pilot is paving the way for a more streamlined and effective trucking industry in India.
Revenue
In the fiscal year 2022-2023, the sales amounted to 9.87 lakhs. In September 2023, the sales recorded were 1.17 lakhs.
Founders’ Ask
80 lakhs for 5% equity at the valuation of Rs. 16 crores.
No Deal
Reasons for no deal
Aman: The fleet owners will not be able to trust the truck drivers that they do not know personally.
Anupam: The market size is too small to establish a business with existing competition.
Namita: The market size is too small.
Vineeta: There is no good product market fit.
Amit: There is no existing big enough market.