VDeliver, the fast-growing intra-city logistics company, has raised an undisclosed Pre Series A investment from Hyderabad-based Corvus Ventures led by Mr. Mahesh Reddy and joined by Mumbai-based MAPE Advisory Group, Mr. R Ramaraj, co-founder—Sify, and Mr. Anil Bhansali, Corporate Vice President, Microsoft.
Among the country’s early startups in the technology-driven logistics space, VDeliver currently fulfils intra-city deliveries across segments including medicines, surgical items, gifting, packaged foods, detox juices, gifts,business documents, and last-mile logistics with a focus on speed and efficiency.
Lead investor, Mahesh Reddy of Corvus Ventures said that “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”.
The company foresees huge potential in the healthcare industry and is already working with leading clients like 1mg, CallHealth and more. As a market leader in Hyderabad and with a strong presence in Chennai, VDeliver will soon be expanding its operations to other large cities.
Announcing the investment, Mr Srinivas Madhavam, Founder & CEO of VDeliver said that “we have emerged as the largest intra-city logistics provider in Hyderabad with an unflinching focus on technology and operational efficiency. This investment will help us further strengthen our portfolio of innovative offerings, without compromising on unit economics and efficiency”.
VDeliver has recently launched Staytions, an innovative concept that aims to improve the convenience of collecting parcels or placing delivery service requests across the city. By simply scanning the QR code available at Staytions, customers can place a pick up or delivery request. The company believes that this will redefine the logistics experience for billions of customers.
Commenting on working with VDeliver, the South India Head of 1mg, Mr. Rohit Vasudeva said, “VDeliver is an excellent logistics company!In our current engagement since Jan'17, I found the team extremely professional and very easy to work with all the time. They deliver as per promise, on time and are reasonably priced. I would highly recommend their services as they go an extra mile even with the ongoing new requests.”
VDeliver is also an alumnus of Reliance’s GenNext Hub—India’s leading startup accelerator program that assists companies in scaling up. The GTM and technology workshops held at GenNext Hub has helped VDeliver in growing its operations.