MovingNow-Hyderabad-based new tech platform giving hope to the future of the logistics industry.4 weeks ago Pronit Das
In the major cities in India like Hyderabad, Bangalore, Delhi or Mumbai when people are struggling with logistics for shifting from one city to another, this Hyderabad-based startup comes up with a hasslefree service. The new startup has given hope to a lot of young techies, who frequently shift from one city to another due to relocation and face a lot of issues with the logistics, especially with the price quotation and end up with a piece of broken furniture or TV.
It all started back in the summer of 2016 when Manish Datta the co-founder of the company shifted to Hyderabad and was looking for movers, and for the first time, he realised how difficult it was to deal with an unorganized sector. In his own words, he mentioned ‘It was the summer of 2016. I was moving to a new place in Hyderabad and needed to find a mover. For the first time, I was realizing how daunting the task was, to navigate through an unorganized trade. I had to run around, hunting for moving companies from a lengthy list in the yellow pages – without a clue about their quality of services offered. While some of these movers offered a quote after a verbal list I ranted over the phone, even fewer turned up for a physical survey of my goods. As with any unqualified choice, I ended up choosing a mover with atrocious handling. This resulted in a broken television, a terribly scratched refrigerator and a bill handed to me, significantly higher than their original quote, provided upon physical survey. It was while forking out this extra amount for their terrible service that I first decided to solve this problem myself’.So he decided to resolve this issue by himself and started researching over 1,000 instances of moving houses, across Bengaluru, Hyderabad, and Mumbai to come up with a viable solution, and the Movingnow.inc was born with a dedicated team of professionals aimed at solving this common problem together.
A startup can never survive without a dedicated team and here exactly Manish Datta the co-founder of the company mentioned about his enthusiastic team started with Ashok Pilli, co-founder, and CTO of the company who is a framework geek and a SaaS dreamer, Ramakrishna Vegoti,Sr.PHP developer who’s origin is from a small town and making it big with the startup, Anisha Sharma, PHP developer with amazing soft skills that reflects in her work, Siva Reddy, Android developer who is always found in his hometown during holidays and non-working days, Prashant, the Data scientist, providing great logic to risk management module with his acute machine learning skills.
MovingNow is a Logistics company on technology aggregating movers and commercial transporters under a single platform. Its niche is part-load consignments that are a pain area to both individuals and businesses. It has the Unique Online Inventory measurement tool, the Real-time pricing algorithm and the Transit risk management module on AI and deep learning, the USP of this company as Manish mentioned. The company started with primarily B2C organization, offering a unique interface between consumers and Packers and Movers that uses cutting edge technology and in-depth analytics to automate the moving process and introduce greater operational efficiency. They have now expanded their operations to the B2B sector, and boast of a range of illustrious clients. With their specialities in handling Over Dimensional Cargo (ODC) and managing Motorsport logistics, they have carved a niche for themselves in catering to the transportation and logistics of most of the racing teams in India. Clients have found MovingNow’s services to be safe and extremely reliable, which is made possible by the proprietary technology that powers their platform, and their unparalleled dedication to reshaping and enhancing logistics services. With their user-friendly services and customer-centric philosophy in everything they do, MovingNow has emerged as a major disruptive platform for transportation and logistics services. In an interview Founding CEO of MovingNow.in Manish Datta says, “Logistics must be simple. We at MovingNow, inspired by the optimism of the internet era proudly take credit to be the pioneers in developing end-to-end online logistics solution using cutting-edge technology, right from the survey of your goods to the quote generation and payment facilitation to last-mile delivery providing faster and accurate TAT, on-time delivery, real-time visibility, and tracking.”The startup recently raised funding of 1 cr as part of their first-round funding with the valuations of 5 cr. Manish mentioned that the current traction rate so far for invoicing is at 10 lacs per month and for the next financial year 2020-21 the target would be 40 lacs per month. The basic challenges are lack of working capital, therefore the company is looking for at least 3 cr funding for their second round. Most of the funds would be utilized to expand into new geographies in India. This would result in hiring additional staff and improve upon technology to correlate with the growing bandwidth.
Talking about T-angel program Manish said: “T-Angel program could see the value in our product and help us refine it further for universal acceptability”.