NOW Delivery clocks 200K monthly transactions

NOW Delivery, a delivery-on-demand services, announced that it has clocked 200K monthly deliveries, backed by a robust operational model and an adequate mix of portfolio across delivery categories such as food and beverages (F&B), healthcare and pharma.

With more and more offline stores are choosing to offload their critical last-mile logistics piece to third party service providers for better handling of peak demand along with real-time tracking and management of delivery. There are more than 14 million retail stores, 1.5 million restaurants and one million pharmacies in India, and last mile delivery market has infinite potential.

In this context, NOW is targeting to grow the number of active delivery partners from the existing 1,000 to 15, 000, transactions from 200K to two million a month and a jump in revenue from the current run rate of 1.2 Cr a month.

"The Company has already raised close to USD 1 million from various strategic investors in the past two Years. At present, we have seen some decent inbound interest from other investor groups also and looking forward to raise USD 5 to 6 million for expansion in the NCR region as well as offer its services to other client across India," said Vivek Pandey, the founder and CEO of NOW Delivery.

Most of the companies doing only hyperlocal delivery have either shutdown or changed focus to e-commerce, which leaves the space wide open. Many big brands are developing ordering apps of their own and integrating it with third-party logistics service provider such as NOW.

"In the past six months, our business has grown six times; and with some exclusive tie-ups in place, we are looking to grow by 10 times in the next 12 months. We have processed one million transactions since its inception and will hit 3-4 million transactions this financial year," said Bharat Khandelwal, COO of NOW Delivery.