4TiGO to bridge the technology gap

Fortigo Network (4TiGO), a logistics start-up backed by Nandan Nilekani and Accel Partners, have announced GST enablement solutions for transporters and fleet owners.The company plans to further expand its operations in Maharashtra.

Anjani Mandal, Cofounder and Chief Executive Officer, Fortigo Network, expresses, “To take advantage of the transformation being ushered in by GST and related reforms, the industry needs to be tech-enabled. While the government, recognising the low-level of technology penetration in the transport industry, has released a simplified mechanism for GST payments for road transportation. We at 4TiGO believe that the transporters, fleet owners and the industry as a whole will stand to gain significantly by fully embracing the forward charge provisions of the GST and taking advantage of the input credits to lower their cost basis.”

4TiGO has now developed transport industry specific extensions and partnerships to enable its network participants to register onto GSTN, upload invoices and other GSTN documentation, and maintain their entire books of account online. As and when the e-Waybill initiative is rolled out, the transporters and fleet owners will be able to use the platform to generate and access the e-Waybill as well. 4TiGO’s cloud-based technology platform and complementary business services brings various stakeholders of the logistics industry -- including consignors, consignees, fleet owners, transport companies and agencies — together on a common platform. This helps the network participants exchange information, transact and manage their entire business on the platform. 4TiGO also facilitates completely cashless digital payments for freight as well as trip expenses including fuel, toll and driver expenses.

Speaking about expansion of operations, Vivek Malhotra, Co-founder and Chief of Strategy and Marketing, Fortigo Network, expressed, “We have established a pan-India footprint covering most of the major transport hubs. In Maharashtra, we have so far been operating primarily in Mumbai and Pune. Based on the market traction and growth potential, we are now expanding into Central Maharashtra by strengthening our presence in Nagpur, Aurangabad and Nashik.”

Fortigo Network currently has over 10,000 trucks on its platform across 400+ network participants.

To take advantage of the transformation being ushered in by GST and related reforms, the industry needs to be tech-enabled