Trumpeting our Pre Series A round as we celebrate this vote of confidence

What got us there?

As a startup, there is uncertainty about what to pitch in the initial stage of Pre Series and what can make us stand out. A sustainable business model that is generating good amount of revenue amid the harshest socio-political scenario wouldn’t have been enough to get us there. An investor pitch deck matters a lot, but we being raw didn’t exactly knew the drill to hit the target. Then what got us there?

Why did we raise now?

While our brand focus is hyperlocal delivery through a tech based structure, the growth of our operations at this point of time was becoming necessary for us to reach the unreachable miles. Our presence and entry throughout different cities needed a boost and this round will help us unlock the gates and empower more un-empowered populations.

Where did we head from here?

While we closed this funding round that aimed towards expansion, we already made our entry into the winter capital of Jammu & Kashmir i.e. Jammu for growth and expansion. In the idea of our expansion in J&K itself, we researched around and identified the same problem of logistics existing in Jammu region too. Additionally, the market opportunity in winter season at Jammu becomes better than that in the summer capital, Srinagar. Thus, we have planned to take the empowering journey over there and already made a start on our operations.

What else does this news bring?

One bigger opportunity that this funding round brought along other than the idea of expansion is the employment generation. We have started hiring for the winter capital already and the next in queue is the team expansion plan in our headquarters in Kashmir.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Fastbeetle

Fastbeetle

13 Followers

We untangle your needs to knot the threads of orders into deliveries