Logistics aggregator Raaho is looking to expand its services across India and is aiming to boost its annual topline to Rs 1,000 crore by 2027-28 from Rs 300 crore expected in 2025-26, the company’s co-founder and chief executive officer, Imthiaz, said.
“Raaho’s revenues have grown nearly double-digit every month in 2025-26. If we maintain that momentum, we should reach Rs 1,000 crore by FY28,” Imthiaz told The Financial Express, adding that the company is on track to record a topline of Rs 300 crore in 2025-26.
He added that 2025-26 is also likely to be the first full year of profitability for the company after it recorded operational profitability in 2024-25.
Strategy for growth and funding ambitions
The intercity trucks aggregator is confident in its business model and intends to focus on 25 major cities in India to record profitability for the next few years as it aims to launch an initial public offering in FY28.
“We aim to list for an IPO in two years, and we don’t foresee a need to raise additional funds before the IPO,” Imthiaz said.
Revolutionising trucker payouts and future EV adoption
He added that Raah, which uses technology to enable real-time tracking of freight, provides truck owners faster financial payouts, which has helped the company expand its business across India.
“Most small fleet owners rely on staggered payments and delayed payments in the Indian trucking industry. We at Raaho provide fleet owners financial payouts in an hour through our platform,” Imthiaz said.
He added that just 10 per cent of the Indian trucking industry currently works online, which presents a large growth opportunity for Raaho
Imthiaz is confident that despite the government’s initiative to shift cargo movement away from roads to railways and inland shipping, trucks will be essential for last-mile connectivity, and the industry is only expected to keep growing as the economy grows.
Raaho currently works with a lakh trucks on its platforms and operates in around 45 intercity routes across India.
Imthiaz added that the Indian trucking industry will adopt the use of electric commercial vehicles as soon as mass production of such vehicles starts. He added that Raaho aims to provide commercial vehicles for intercity travel to customers within 15 minutes of receiving a request, which is the fastest service offered in India.
“Fuel costs for truck operators have risen substantially in the last few years and now make up around 47 per cent of the total expenses,” Imthiaz said, adding that if diesel prices keep rising, the industry’s switch to electric vehicles will be faster than expected.
He added that many large logistics companies are keen to start operating electric commercial vehicles in India.
The Gurugram, Haryana-based company operates in the national capital region in the North, in Chennai, Bengaluru, Coimbatore and Hyderabad in the South, Kolkata in the East and Pune in the West.