Everything Ajish Kapoor said on any show that made the record, most notable first. Each card names its show and opens the statement there.
SemiCab reached $11M volume raising strictly from industry angels, avoiding VCs
“We have not raised institutional capital till now. So we have raised capital from all kinds of professionals, from the supply chain space, from the technology and finance space.”
SemiCab generates $1,200 to $1,500 weekly additional revenue for truck drivers
“So for example, a truck in a week would drive 2800 miles and get paid for less than 2000 miles. We use it for about 2500 miles. So those 500 additional miles generate, let's say, 12 to 1500 dollars in additional revenue. We take a part of that. So we don't mak…”
SemiCab targets a 12.5% to 15% take rate margin
“We like to target the lower end of 12 and a half to 15% on that on that revenue that we bring in.”
SemiCab maintains a 99% load acceptance against a 50-70% industry standard
“In our case, we have to be, we have been able to maintain a good 99% plus load acceptance rate with every single one of our customers. Industry standard out there is somewhere between 50 and 70%.”
SemiCab rejects the dynamic pricing used by most digital freight platforms
“We have a fairly unique business model in that we
We don't go for transactional pricing and dynamic pricing that pretty much everybody in the digital freight space is bringing in.”
SemiCab targets mid-to-large carriers to build a virtual dedicated fleet
“Where we go is we don't really specifically go and try to find supply from the small to midsize carriers or owner operators. We want to bring in the mid to large carriers because we are trying to create a virtual dedicated fleet in there.”
SemiCab's enterprise customers include Staples, PepsiCo, Colgate, and HP
“Customers are large enterprises like Staples and PepsiCo Colgate, HP some of the smaller midsize companies that are always looking to move goods in a truckload, full truckload.”
SemiCab has onboarded approximately 1,200 carrier partners
“We try to be very targeted in how we bring in partners into the ecosystem, so we have about 1200 carriers, but we try to create a very long-term relationship with them”
SemiCab has acquired just eight paying enterprise customers since late 2020
“Yeah, we started bringing on customers at the end of 2020, and we have eight customers that we have brought on during this time.”
SemiCab reached $11M annualized transaction volume in January 2022
“When we look at January that we just finished we were somewhere in the, in excess of eleven million analyzed, right? So a good 25 to 30 X growth during this period.”
SemiCab has actively utilized 700 of its 1,200 registered drivers
“So out of the 1200 that have joined the platform, we have actively used 700 during our lifetime till this point.”
SemiCab raised a priced round below a $15M valuation in 2020
“So that was below fifteen million when we did the price round in the end of 20 20.”
The US trucking market has roughly 600,000 operating carrier entities
“The fact of the matter is U.S. Market is dominated by small carriers and owner operators, close to somewhere around 600,000 legal entities that are operating trucks.”