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VDeliver raises funds from Corvus Ventures

IANS  |  Hyderabad 

VDeliver, an intra-city logistics company, has raised an undisclosed Pre-Series A investment from Corvus Ventures and other investors.

Mumbai-based MAPE Advisory Group, Sify co-founder R. Ramaraj, and Microsoft Corporate Vice President Anil Bhansali have also invested in VDeliver in their personal capacity.

Among the country's early startups in the technology-driven logistics space, VDeliver currently fulfils intra-city deliveries across segments.

"For several businesses, getting deliveries right is essential. We believe the strong understanding of business operations and technology that VDeliver brings will help it become an indispensable partner to companies looking to optimise their delivery function," said lead investor, Mahesh Reddy of Corvus Ventures.

As a market leader in Hyderabad and with a strong presence in Chennai, VDeliver will soon be expanding its operations to other large cities.

"This investment will help us further strengthen our portfolio of innovative offerings, without compromising on unit economics and efficiency," said its founder and CEO Srinivas Madhavam.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 12 2017. 23:18 IST