BSECompany Update5d ago · 25 Aug 2026, 05:38 pm
Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
Ritco Logistics Ltd · 542383
✦ AI Summary▲ PositiveFundraise
Ritco Logistics' step-down subsidiary, TrucksUp Solutions, has successfully closed a growth financing round of ₹78.26 crore, with participation from marquee institutional investors and the company's co-founders.
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Earnings Impact2/10
Growth Catalyst8/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment7/10
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Full Announcement
Ritco Logistics Ltd - 542383 - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Successfully Close The Growth Financing Round By, Trucksup Solutions Private Limited, A Step Down Subsidiary Of Ritco Logistics Limited
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Ritco Logistics Limited
August 25th, 2026
To, To,
The Manager The Manager
Listing Compliance Department Listing Compliance Department
National Stock Exchange of India Ltd. Bombay Stock Exchange Limited
Exchange Plaza, Plot No. C-1, G Block, New Trading Ring, Rotunda
Bandra- Kurla Complex, Bandra (East) Building, Phiroze Jeejeebhoy Towers
Mumbai-400051 Dalal Street, Mumbai-400001
NSE SYMBOL: RITCO BSE Scrip Code: 542383
Subject: Corporate Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 –
Successfully Close the Growth Financing Round by, TrucksUp Solutions Private Limited, a step
down subsidiary of Ritco Logistics Limited
Dear Sir/Madam,
In compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform the
Exchanges that, TrucksUp Solutions Private Limited, a step down susidiary of Ritco Logistics Limited
has successfully close the latest growth financing round. The key parameters of the transaction are
enclosed herewith as Annexure-I
We request you to kindly take the same on record.
Thanking You,
Yours Sincerely,
For Ritco Logistics Limited
Gitika Arora
Company Secretary and Compliance Officer
Corp. & Admin. Office : “RITCO HOUSE” 336, Phase-II, Udyog Vihar, Gurugram - 122016, Haryana
Ph. : 0124-4702300/301 E-mail : ho@ritcologistics.com CIN No. : L60221DL2001PLC112167
Regd. Office : 508, 5th Floor, Jyoti Shikhar Tower, District Centre, Janakpuri, New Delhi-110058 Ph.: 011-25522158
www.ritcologistics.com
(Annexure I)
The key parameters of the transaction are outlined below:
1. Capital Infusion Amount: TrucksUp has secured an aggregate funding of ₹78.26
Crore (Rupees Seventy-Eight Crore and Twenty-Six Lakh only) on 25th of August
2026.
2. Investor Participation: The growth round witnessed active participation from a
prominent syndicate of marquee institutional investors and leading family offices.
3. Promoter Commitment: Demonstrating their long-term equity dedication to the
enterprise trajectory, TrucksUp's Co-founders, Mr. Sarthak Shah Elwadhi and Mr.
Aviraj Singh Chadha, have also personally co-invested into this financing round as
promoters.
4. Advisory Team: Monarch Networth Capital Limited acted as the exclusive transaction
advisor for this financing round.
Strategic Utilization of Capital:
The newly raised capital of ₹78.26 Crore inside the subsidiary will be deployed to strengthen
core technology infrastructure, expand high-tier product engineering and data science teams,
accelerate the capabilities of TrucksUp’s intelligent freight-matching engine, working capital
requirements and general corporate purposes. The platform remains anchored in optimizing
real-time demand-supply dynamics, removing empty transit trips across corridors, and
continuing its active drive to integrate lakhs of Small and Medium Enterprises (SMEs) onto its
digital logistics network.