FastBeetle Logistics Pvt. Ltd raised an undisclosed Seed B investment led by Jaipur-based angel investor KM Trans group for last-mile logistics in Jammu and Kashmir.

Jul 12, 2024•over 1 year ago

Round Type

seed

SrinagarSupply Chain ManagementLogisticsTransportationE Commerce

Investors

Vikram SanghviSandeep Patel NepraSaurabh MittalKm Trans Group

Description

FastBeetle Logistics Pvt. Ltd, a Jammu and Kashmir-based tech start-up, has raised an undisclosed Seed B investment led by Jaipur-based angel investor KM Trans group. The funding will be used to expand last-mile delivery services and support entry into a new Line Haul business vertical.

Company Information

Company

FastBeetle Logistics Pvt. Ltd

Location

Srinagar, Jammu And Kashmir, India

About

FastBeetle Logistics Pvt. Ltd is a Jammu and Kashmir-based tech start-up focused on last-mile logistics in the Union Territory. The startup aims to disrupt the conventional delivery sector of J&K and make inroads into the e-commerce industry, building a robust logistics network and strong presence across major districts of J&K. FastBeetle offers services across 18,000 pin codes in India and internationally, handling over 5 lakh shipments monthly. The company is looking to close FY24 as its first full financial year of positive EBITDA.

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