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VDeliver raises undisclosed investment; plans expansion

Press Trust of India  |  Hyderabad 

VDeliver, a city-based hyper-local logistics enterprise, has raised an undisclosed investment from KLCP Holdings and Australia-based Boss Consulting and also plans to expand footprints to Mumbai and Pune.

According to a statement issued by VDeliver, the startup has been among the first in the industry to build a technology-focussed logistics business from the ground up in 2011.

VDeliver has fulfilled more than 1,50,000 orders across 18 different business segments like last mile logistics, Online Meat Sellers, Boutiques, eCommerce, Apparel renting platforms, Photo studios, premium gifting companies and organic fruits among other, it said.

The firm has been assisting brands such as Gati Ltd, CallHealth, 1mg, Hexaware Technologies, Oye Happy, Zopper.

"With firm focus on future growth, VDeliver will use the funds generated to launch an array of innovative services including 'Via VDeliver', to facilitate easier e-commerce deliveries at corporate offices and gated communities. VDeliver will also ramp up its white-labelled logistics services for businesses. A market leader in Hyderabad and with strong presence in Chennai, the company will soon be expanding its operations to Pune and Mumbai," it said.

Srinivas Madhavam, founder and CEO of VDeliver said, "With a comprehensive business plan and focus on growth, VDeliver has raised this investment at a time when the logistics market place is seeing interesting trends.

"The investment made into VDeliver indicates the value start-ups with focus on building great services with strong operational and financial discipline garner with investors," he added.

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

First Published: Tue, January 24 2017. 15:42 IST