Hyper-local logistics leader ‘VDeliver’ raises fund to launch innovative services1 year ago Saritha Keshamoni
KLCP Holdings & Australia’s Boss Consulting foresee large potential in intra-city logistics
VDeliver, an innovative hyper-local logistics enterprise, has raised an undisclosed investment from Hyderabad-based KLCP Holdings and Australia-based Boss Consulting. A leader in intra-city logistics, VDeliver has been among the first in the industry to build a technology-focused 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, Botiques, eCommerce, Apparel renting platforms, Photo studios, premium gifting companies & organic fruits etc. VDeliver has been assisting brands like Gati Ltd, CallHealth, 1mg, Hexaware Technologies, Oye Happy, Zopper etc. The order fulfilment is done as quick as 60 minutes based on the requirement.
VDeliver has consistently bucked the trend that values growth more than profitability, by focusing on generating sustainable cash-flows, signing up marquee clients, and building its delivery processes for scale. The company has recently formed the advisory board and the advisory board comprises of Logistics & supply chain veterans and industry experts.
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.
Commenting on the funds raised and future business potential, Mr Srinivas Madhavam, founder & 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.”
VDeliver is currently fulfilling deliveries across multiple verticals like last-mile logistics, nutritious food, detox juices, gifts, cakes and food. Consumers can get anything that’s legal, delivered through VDeliver across the city by using its user-friendly mobile application.
Here is the previous article we wrote about VDeliver: http://startuphyderabad.com/vdeliver-logistics-startup-delivers-everything-thats-legal/