• About
  • Contact
Monday, June 27, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Logistics Startup Smart Express Raises Rs 100 Crore in Seed Funding

Abdul Kadir Khan by Abdul Kadir Khan
October 7, 2021
in News
Reading Time: 3 mins read
A A
0
0002 6152158727 20210818 121010 0000

Logistics firms are the backbone of the e-commerce industry. To grab the rising demand of logistics firms, Smart Express is planning to start its operations in the logistics industry soon. To do so, the startup has closed Rs 100 crore seed funding round.

Yogesh Dhingra to Launch Smart Express!

Smart Express, the upcoming logistics firm, has announced that it has raised Rs 100 crore in a seed funding round led by IIFL India Private Equity Fund and Smiti Holding and Trading Company (Jalaj Dani family office). Promoter and Founder Yogesh Dhingra, and other co-founders have also participated in this round.

Smart Express is promoted by founder Yogesh Dhingra. He has rich experience in the logistics industry. Earlier, he worked with Blue Dart Express Ltd on different key positions including CFO, COO, and CSO. As per internal reports, he was the mediator when DHL acquired Blue Dart Express Ltd.

Smart Express will receive the current seed capital in two portions over the next two years based on pre-defined milestones achievement like the expansion of the startup across India and reach a certain scale.

With its headquarter in Mumbai, the logistics startup plans to launch its operations in the coming festivals. As per initial reports, the company is first planning to start its operations in over 30+ cities of India. Later, it wants to establish 300 centers across India in the coming three years.

Smart Express Operations and Funding Utilization

Smart Express got a big boost in the form of Rs 100 crore seed funding before starting its operations. Now, the startup will deploy these funds in three major activities. First, the firm will build a technically sound production team for its future operations. Second, Smart Express will establish Pick-Up and Delivery (PUD) & transit hub infrastructure to provide fast and user-friendly services to its customers. Third, the Dhingra-led startup will collaborate with alliance partners to expand its operations all over India.

Smart Express will develop an advanced technology-based platform that will provide transparency and hassle-free tracking for the customers. It will also help the startup to provide instant solutions to the customers’ complaints if any.

Talking about the future platform of the firm, Dhingra, Managing Director and CEO of Smart Express said, “We are committed to building a platform that provides high service quality and better products for our customers at competitive price points through a transparent process. Our state-of-the-art technology will help provide 360 visibility, faster transit time, and a better customer experience. To make a difference in the market, we are also creating a future-ready team that has a combination of industry experience, passion, and energy.”

India has plenty of logistics firms that are doing well, then why IIFL led the seed funding round of a new logistic startup? Answering this question, Vikrant Sibal, Senior Executive Vice President, IIFL AMC said, “India’s logistics space is vibrant and dynamic. In the current pandemic scenario, the importance of the sector has grown manifold.”

In its operations, Smart Express will cover all segments including B2B, B2C, D2C, C2C, and hyper-local delivery over a period. For air express, the firm will offer AM/PM deliveries as per customers’ requirements. The company will also introduce 48/72/96 hours delivery slots for providing cost-effective on-demand services.

Tags: Yogesh Dhingra
Previous Post

Gaming Startup Zupee Raises $30 million at Half a Billion Valuation

Next Post

Fintech Firm Smallcase Raises $40 Million in New Financing Event

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Next Post
IMG 20210819 WA0009

Fintech Firm Smallcase Raises $40 Million in New Financing Event

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital
  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker

Latest News

20220627 152251 0000

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.