Truck services provider TheKarrier raises Rs 1.5 crore from Outbox Ventures, others
TheKarrier was started as a technology platform to organize the fragmented last-mile logistics industry, and runs on a pay-by-kilometer model.
By Evelyn Fok, ET Bureau | Updated:
BENGALURU: TheKarrier, which provides truck services within cities on demand, has raised seed funding of Rs 1.5 crore from Sol Primero, Outbox Ventures, and Frankly.me founder Nikunj Jain.
Founded in Bengaluru in December, TheKarrier was started as a technology platform to organize the fragmented last-mile logistics industry, and runs on a pay-by-kilometer model. It will use the money to expand to four more cities this year.
"The primary pain point in this segment is getting the right vehicle at the right time, place and price," said Aravind Sanka, an IIT alumnus who cofounded the startup with Pavan Guntupalli and Rishikesh Ramanath. "The technology that we have developed acts as a major differentiator to tackle this challenge."
Last-mile delivery accounts for 28% of the total cost of transporting goods, which in itself was a $130-billion industry in India in 2012-13, according to the latest numbers available with the India Brand Equity Foundation, a commerce ministry body.
TheKarrier has 300 vehicles and executes 1,000 orders a month for clients including Delhivery and Flipkart.
Founded in Bengaluru in December, TheKarrier was started as a technology platform to organize the fragmented last-mile logistics industry, and runs on a pay-by-kilometer model. It will use the money to expand to four more cities this year.
"The primary pain point in this segment is getting the right vehicle at the right time, place and price," said Aravind Sanka, an IIT alumnus who cofounded the startup with Pavan Guntupalli and Rishikesh Ramanath. "The technology that we have developed acts as a major differentiator to tackle this challenge."
Last-mile delivery accounts for 28% of the total cost of transporting goods, which in itself was a $130-billion industry in India in 2012-13, according to the latest numbers available with the India Brand Equity Foundation, a commerce ministry body.
TheKarrier has 300 vehicles and executes 1,000 orders a month for clients including Delhivery and Flipkart.
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Text: Rajiv Singh, ET Bureau
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These are just three of the 10 offbeat startups we’ve deep-dived into; just three of the 800-odd startups added every year; and just three of the over 3,000 startups that are trying to make it big in India.
The 10 that we’ve picked are novel, but being different or a first mover is no guarantee of being the best mover — or moving at all a few years later.
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