The exciting Startup 'Truck Lagbe' injects vitality and innovation into the transport industry by introducing great ideas and technologies. Their agility allows them to address longstanding challenges efficiently, leading to improved processes and cost-effectiveness.
In just a few years, Anayet Rashid and Mir Hossain Ekram revolutionized Bangladesh's goods transport sector with their brainchild, Truck Lagbe. Founded in March 2017, their vision was simple yet transformative: to digitize and optimize the truck hiring process, benefiting not only businesses but also the environment and the livelihoods of truck drivers.
From the outset, Truck Lagbe tackled inefficiencies head-on, addressing the staggering statistic that large number of trucks return to their headquarters without a trip. This wasteful practice not only harmed the environment with unnecessary carbon emissions but also hindered economic efficiency. Enter the Truck Lagbe mobile app, connecting idle trucks with nearby loads, reducing empty trips, and cutting down on emissions.
The exciting Startup 'Truck Lagbe' injects vitality and innovation into the transport industry by introducing great ideas and technologies. Their agility allows them to address longstanding challenges efficiently, leading to improved processes and cost-effectiveness. By prioritizing customer experience, Truck Lagbe enhanced satisfaction levels and drove demand for their services in Bangladesh.
Despite challenges such as low internet penetration among truck drivers and limited venture capital engagement, the Truck Lagbe team remained undeterred. Their purpose-driven approach propelled them forward, earning accolades such as grants from the Innovation Design and Entrepreneurship Academy (iDEA) Project of Bangladesh Computer Council (BCC) under the ICT Division and prestigious awards like the 'Technology Innovation Award' and the 'Daily Star ICT Award.' Wining iDEA startup challenge in 2017 encouraged and motivated its team members very much.
With over a million shippers and drivers using the app and significant funding from renowned organizations like IFC, PSA, Startup Bangladesh Limited, IDLC, Truck Lagbe's impact grew exponentially. Today, with a team of 235 employees and branch offices across eight cities, Truck Lagbe's revenue exceeds Taka 100 crore, with a valuation surpassing $50 million.