Angel Investments
Logistics start-up FastBeetle raises $100-K
FastBeetle Logistics Pvt Ltd, a Srinagar-based tech start-up focused on last-mile logistics in Jammu & Kashmiri, has closed a Pre-Series A funding round of $100,000 from angel investors. New investors include Sandeep Patel from Nepra, Saurabh Mittal - Entrepreneurship Evangelist in the Himalayan region, Vikram Sanghvi, Rohit Qamra and a few non-resident Kashmiris. Existing investors Kartikeya Desai and Anuj Sharma also participated in the current round. FastBeetle Logistics offers inbound and outbound full-stack logistics services across 50,000 pin codes in J&K and works with over 800 micro-entrepreneurs and SMEs. It recently announced strategic tie-ups with Amazon and Flipkart to enable last mile logistics in several pin codes in Kashmir and will use the funding to strengthen the team and expand business operations to all districts including Jammu, as well as to the adjacent union territory of Ladakh.
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