Vidit Jain · Co-Founder, LocoNav · $47M raised across 6 rounds LocoNav tracks 5M+ vehicles in 50+ countries · 1B+ data points daily Series B: $37M · Backed by Quiet Capital, Anthemis, Sequoia Capital India 9 million kilometres tracked every single day Pivoted from BabaTrucks · Emerged as India's fleet-tech infrastructure play Vidit Jain · Co-Founder, LocoNav · $47M raised across 6 rounds LocoNav tracks 5M+ vehicles in 50+ countries · 1B+ data points daily Series B: $37M · Backed by Quiet Capital, Anthemis, Sequoia Capital India 9 million kilometres tracked every single day Pivoted from BabaTrucks · Emerged as India's fleet-tech infrastructure play
Vidit Jain and Shridhar Gupta, co-founders of LocoNav
Vidit Jain (right) & Shridhar Gupta, co-founders of LocoNav - Photo: Container News
Founder Profile

Vidit
Jain

He studied mechanical engineering. Taught himself software. Started a truck marketplace that didn't work. Built the infrastructure underneath it instead. Now it moves 9 million kilometres of road data every day.

$47M Total Raised
5M+ Vehicles Tracked
50+ Countries
1B+ Data Points Daily
500K+ Fleet Owners
2,200+ Device Integrations
9M km Tracked Per Day

The pivot that built a platform

In 2015, a freshly minted software engineer named Vidit Jain was writing code as Employee #2 at ClearTax - India's first Y Combinator-backed product company. He had a mechanical engineering degree from Guru Gobind Singh Indraprastha University. He had never formally studied computer science. He was doing it anyway.

At ClearTax, funded by Founders Fund, Sequoia, and SAIF Partners, Vidit met Shridhar Gupta. Two engineers, one problem: commercial fleet operators across developing economies were running their businesses almost entirely blind. No real-time tracking. No fuel data. No driver behaviour analytics. A truck dispatched from Delhi had roughly the same visibility as a horse and cart from 1885.

Their first answer was BabaTrucks - an Uber-for-trucks marketplace connecting fleet owners with customers. A reasonable product idea, poorly timed. The marketplace didn't find traction. But building it exposed something more important: the real problem wasn't matching. It was that the underlying infrastructure - the data layer for commercial fleets - simply didn't exist for the markets that needed it most.

A truck dispatched into traffic without GPS, fuel monitoring, or driver alerts isn't a logistics operation. It's an expensive guess made a hundred times a day.

In 2016, Vidit and Shridhar shut down BabaTrucks and founded LocoNav. Not a marketplace. Not a feature. A full-stack fleet intelligence platform, built for the ground-level operational reality of fleets in India, Africa, Southeast Asia, and beyond.

The thesis was specific: democratize access to cutting-edge fleet management technology. The kind of GPS tracking, fuel monitoring, ADAS driver safety systems, and video telematics that large logistics companies in the US and Europe had been using for years - make all of it available to a 10-truck construction company in Nigeria or a 50-vehicle passenger transit operator in Bangladesh.

"The role of the driver is better aided, not transformed." - Vidit Jain & Shridhar Gupta, Container News interview, 2022


1 billion data points. One platform. Five million vehicles.

LocoNav isn't a GPS app. It's what happens when you instrument a fleet the way a hospital instruments a patient - every signal, every anomaly, every behaviour pattern, in real time.

The platform connects with over 2,200 different device types and sensors, which is not an incidental detail. Commercial fleets in emerging markets don't run standardized hardware. They run whatever was available, affordable, or inherited from the previous owner. Building compatibility across 2,200 hardware configurations means LocoNav can slot into a fleet without requiring wholesale hardware replacement. That's not a feature. That's the product.

The specific capabilities are worth tracing:

GPS tracking and geofencing - real-time vehicle positions, zone breach alerts, route deviation notifications. Fuel management - LocoNav customers typically cut fuel costs by 20-30% through route optimization and fuel theft detection. Driver behaviour monitoring - speed, harsh braking, acceleration patterns, fatigue signals. ADAS (Advanced Driver Assistance Systems) and DMS (Driver Monitoring Systems) - camera-based AI detecting lane departures, following distance violations, distracted driving. Video telematics - incident footage capture and AI-driven event flagging. Remote immobilization - switch off a vehicle from anywhere. Battery management for electric fleets - state-of-charge monitoring, fault alarms, battery health diagnostics. Route optimization - cutting unnecessary kilometres and delivery time. Analytics and reporting - fleet-wide performance dashboards, driver scorecards, cost reduction reports.

The addressable market is enormous. Samsara, the US-based fleet management company that LocoNav is sometimes compared to, went public in 2021 at a market cap north of $10 billion. Samsara's customers are mostly large, sophisticated fleets in North America. LocoNav's customers are distributed across 50+ countries with fundamentally different operational profiles - less standardized, less digitized, and underserved by the incumbents.

The company's goal: help fleet owners reduce operating costs by up to 50% within two years of deploying the platform. Fuel, maintenance, accidents, driver inefficiency - the savings compound.

Funding History

Series A
$10M
Oct 2017
Series B
$37M
Jun 2021
Total
$47M
6 rounds

"The role of the driver is better aided, not transformed."
- Vidit Jain & Shridhar Gupta, Co-Founders, LocoNav

From mechanical engineering to fleet-tech infrastructure

The career path is worth reading slowly. Vidit didn't graduate into a tech company - he graduated into mechanical engineering, then taught himself software. The pivot from gears to gigabytes wasn't obvious from the outside, and it didn't happen all at once.

2011
Research Fellow at GREEN ADD+ - sustainability projects while still an undergrad
2013
Graduates B.Tech. in Mechanical Engineering, GGSIPU - goes straight into software development at Vinsol
2015
Lead Engineer at ClearTax - India's first YC-backed product company (Founders Fund, Sequoia, SAIF). Engineer #2. Meets future co-founder Shridhar Gupta here
2015
Founding Engineer at Bizzy (later acquired by SendGrid) - builds the entire backend framework. An omnichannel marketing engine for businesses
2015-16
Co-founds BabaTrucks - an online marketplace connecting truck owners with customers. Recognises the infrastructure problem underneath the marketplace opportunity
2016
Co-founds LocoNav with Shridhar Gupta. The pivot from BabaTrucks to full-stack fleet management technology
2017
LocoNav closes $10M Series A - Sequoia Capital India and Foundamental lead the round
2021
LocoNav closes $37M Series B - Quiet Capital and Anthemis co-lead; Anjali Joshi (ex-VP Product, Google), Manik Gupta (ex-CPO, Uber), and Anand Chandrasekaran (ex-Director, Facebook) among individual backers
Present
Angel investor in 3 startups; board member of 1. LocoNav operating in 50+ countries with 311+ employees

The Series B investor list reads like a tech industry reunion

When companies like Google, Uber, and Facebook let their former product chiefs write personal checks into a Series B, it means the product is real. Vidit's 2021 raise attracted a roster of individual investors whose domain knowledge spans consumer, enterprise, and logistics tech at the highest level.

Anjali Joshi Ex-VP Product, Google
Manik Gupta Ex-CPO, Uber
Anand Chandrasekaran Ex-Director, Facebook & Ex-CPO, Snapdeal
Ajay Agarwal Partner, Bain Capital Ventures
Abhi Ingle COO, Qualtrics
Quiet Capital Lead Investor, Series B
Anthemis Group Co-Lead, Series B
Sequoia Capital India Series A & B
RIT Capital Partners Series B Participant
Foundamental Series A & B

"In global developing markets, no one has ambitiously built a large player."
- LocoNav Co-Founders, on the opportunity in emerging-market fleet tech

What Vidit Jain understood that others didn't

Fleet management technology has existed in developed markets for decades. The US alone had companies like Samsara, Verizon Connect, and Geotab competing intensely for large enterprise fleets long before LocoNav launched. But those products were built for customers with reliable connectivity, standardized hardware, dedicated IT departments, and budgets that reflected Fortune 500 realities.

The same technology, deployed unchanged in Lagos, Lahore, or Lucknow, fails on contact. Wrong connectivity assumptions. Wrong hardware assumptions. Wrong pricing. Wrong support model.

Vidit and his co-founder bet on building something native to the constraints of emerging-market fleets, not a port of something that already worked elsewhere. The result is a platform compatible with 2,200+ device types - because those markets don't run uniform hardware. A platform built to work across spotty connectivity conditions. Pricing scaled for small and mid-size fleet operators, not just enterprise accounts.

The BabaTrucks failure matters here too. Most founders treat failed pivots as embarrassments. Vidit treats the truck marketplace as the research phase that produced the real company. You learn more about the problem by trying to solve it badly first than by studying it from a distance.

His approach to drivers is equally deliberate. The quote that recurs in interviews - "the role of the driver is better aided, not transformed" - is not a PR line. It's a product philosophy. In markets where drivers are often the most economically exposed members of the logistics chain, a platform that positions technology as surveillance rather than support will fail to gain adoption. LocoNav is built so that drivers benefit from the data too.

As an angel investor backing 3 startups and sitting on 1 board, Vidit is also building an ecosystem around him - the same ecosystem ClearTax and the YC network gave him when he was starting out. The capital keeps moving.

Fleet Tech IoT AI/ML Video Telematics Emerging Markets ADAS EV Fleet SaaS GPS Tracking Driver Safety Supply Chain Logistics

Six things that don't fit neatly anywhere else

01

Vidit's degree is in Mechanical Engineering. No Computer Science background. He became a software developer at Vinsol the same year he graduated - 2013 - and never looked back.

02

LocoNav began as BabaTrucks, a truck marketplace. The marketplace idea didn't work. But it showed Vidit and Shridhar exactly what the real problem was: fleet operators had no infrastructure to run on. So they built the infrastructure.

03

The Series B brought in the former VP of Product at Google, the former CPO of Uber, and a former Director at Facebook as individual investors. Not just their capital - their direct product judgment.

04

LocoNav processes more than 1 billion data points daily from commercial vehicles across 50+ countries. That's not a projection - that's the operational scale the platform reached by 2021.

05

Vidit is an angel investor in 3 startups and sits on the board of 1 company. The capital and access he found as an early engineer at ClearTax, he's now extending to the next generation of founders.

06

LocoNav is sometimes described as India's answer to Samsara - but it's actually a different product for a different market. Samsara serves large North American fleets. LocoNav serves fragmented, hardware-diverse fleets in emerging economies. Same category. Different planet.


Share this profile

Link copied to clipboard