Other Private Equity/Strategic Investments
IT services co. Yudiz clarifies it is picking up only 5% in fleet mgmt solutions provider Trulot
Ahmedabad-based, NSE-listed Yudiz Solutions has clarified that it is purchasing only 5% stake, and not 25% as reported earlier, in Bengaluru-based fleet management solutions provider Trulot Technologies Pvt Ltd by acquiring 25 equity shares at INR 100 per equity share, aggregating to INR 2,500.Trulot provides solutions for fleet operators. It offers software-as-a-service to help clients engage and schedule drivers, potentially increasing truck utilization by up to 25%. Additionally, it provides real-time emission tracking, aiming to improve efficiency and safety.Founded in 2011, Yudiz specialises in web and mobile app development and provides services in AR/VR, AI/ML, blockchain and IoT.
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