Last Mile Delivery Company Investment Opportunity in Jammu, India
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 240 thousand |
| Run Rate Sales | USD 700 thousand |
| EBITDA Margin | 2 % |
| Industries | Last Mile Delivery |
| Locations | Jammu |
| Local Time | 1:20 PM Asia / Kolkata |
| Listed By | Advisor / Business Broker |
| Status | Active |
Glowing Reviews on Shark Tank 2.
- Aman Gupta, Founder BOAT, and Piyush Bansal, Founder of Lenskart have invested Rs 90 lakhs.
- The Company secured offers from three Shark Tank Judges.
- Piyush Bansal "I think this is going to be the best investment that I have made to date. Let's build the eco-system in Kashmir"
Business Highlights.
- Company is into last-mile delivery solutions directly impacting ~1,200 micro-entrepreneurs and has a customer base of 100,000+
- In a short span of ~3 years, Fastbeetle has become a preferred choice in the local ecosystem of J&K.
The company is now intending to gear up for the market leader in the last mile delivery segment in the state of J&K. Today there are no focused ecosystem players who can claim to know the geography with local expertise and cutting-edge technology developed in-house.
- It is becoming the first recipient of SOCAP, San Francisco entrepreneurship recognition 2 years ago which is the world's leading conference for impact investors and social enterprise.
- As a next step, the company is doing a Series A of a targeted INR 4 crore. This will enable us to fuel our expansion plan by allowing us to scale the operations, hire more people, set up new warehouses, and spend on focused marketing.
A whole range of logistics services enabled by various mobile and web apps like:
- Hyperlocal mobile app with Uber-like tracking.
- Customized Rider app for routing and optimization which can work in the remotest of locations without an internet connection also.
Revenue Streams.
- Priority (couriers, parcels, B2B, B2C shipments)
- Cargo Plus (bulk shipments)
- Excess (excess baggage services)
- International courier services.
- Hyperlocal intercity services.
Tangible assets - office equipment and furniture.
Intangible assets - mobile and web app, customer base, and brand name.
They have a small rented office space in Jammu with all the office equipment.
No debts or loans.
Through founders and investors. The company has 17 angel investors and 2 big investors.
The founders hold the maximum shares.
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Earlier than 15 daysDirector, Tech Logistics, Colombo, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDoctor, Health Care, Visakhapatnam, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManagement, Financials, New York, Individual Investor / Buyer connected with the Business
