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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.

PRIVATEJul 12, 2024

Round Type

Seed

SrinagarTransportationE CommerceSupply Chain ManagementLogistics

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.

Quick answer

FastBeetle Logistics Pvt. Ltd raised an undisclosed amount in a Seed round, dated July 12, 2024. Investors: Vikram Sanghvi, Sandeep Patel Nepra, Saurabh Mittal and Km Trans Group. FastBeetle Logistics Pvt. Ltd is based in Srinagar, Jammu And Kashmir, India.

How much did FastBeetle Logistics Pvt. Ltd raise?
FastBeetle Logistics Pvt. Ltd raised an undisclosed amount in a Seed round on July 12, 2024.
Who invested in FastBeetle Logistics Pvt. Ltd?
Vikram Sanghvi, Sandeep Patel Nepra, Saurabh Mittal and Km Trans Group are named as investors in this round.
What does FastBeetle Logistics Pvt. Ltd do?
FastBeetle Logistics Pvt.
Where is FastBeetle Logistics Pvt. Ltd based and how big is it?
FastBeetle Logistics Pvt. Ltd is based in Srinagar, Jammu And Kashmir, India.
Who are the decision-makers at FastBeetle Logistics Pvt. Ltd?
Fundz holds 1 contact at FastBeetle Logistics Pvt. Ltd. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and E Commerce around the same time

Companies in the same sectors as FastBeetle Logistics Pvt. Ltd that raised within 45 days of this round, from Fundz verified event records.

  • Shadowfax raised $100M (Series E) on August 13, 2024.
  • RXO raised $550M on August 12, 2024.
  • PICit A/S raised an undisclosed amount on August 9, 2024.
  • Yodel raised $108M (Funding Round) on August 5, 2024.
  • Onepak raised $20M (Private Equity) on July 31, 2024.
  • LogShare raised $2.4M (Seed) on June 17, 2024.

Who to call at FastBeetle Logistics Pvt. Ltd, and when

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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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FastBeetle Logistics Pvt. Ltd raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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