Business Overview
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.
Products & Services Overview
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.
Capitalization Overview
No debts or loans.
Through founders and investors. The company has 17 angel investors and 2 big investors.
The founders hold the maximum shares.
Assets Overview
Tangible assets - office equipment and furniture.
Intangible assets - mobile and web app, customer base, and brand name.
Partial Stake Sale
USD
450 thousand
for
12.0%
stake
(Native Currency: INR 40,000,000)
Reason:
Long-term goals.
- 3 years down the line, we want to be known as 'Himalayan Champions', covering th...
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Includes physical assets worth
USD
7.4 thousand
In talks with 3 Investors