Sendd was founded by Nav Agrawal (IIT Bombay dropout), Sumeet Wadhwa (IIT Bombay Alumni) and Sargun Singh (IIT Bombay Alumni) in April 2015. We reached out the founders but they declined to comment on the development.
The transition will be completed in 15 days.
Sendd is an on-demand shipping services startup, allowing users to send parcels. The company had launched its B2C product in April and had later pivoted to B2B in August 2015. Sendd had its services in Mumbai and was enabling over 1,500 orders a day with average ticket size being INR 160, before getting acquired.
It had employee base of about 150 (50 – white collar, 100 blue collar employees) and post acquisition, core team (20-30 employees) consisting of founders and core team will be joining Craftsvilla.
The startup had raised half a million in funding from Kae Capital in two rounds i.e. seed and bridge before getting acquired. As a part of the deal, Kae will get a small stake in Craftsvilla.