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Quickli Raises Follow On Funding From 500 Startups And Asia Ventures Group

Quickli Raises Follow On Funding From 500 Startups And Asia Ventures Group

Quickli, a Gurgaon based on-demand delivery startup, has raised an undisclosed amount in follow on round of funding, led by 500 Startups and Asia Ventures Group.

The raised funds will be used for expanding in New Delhi and other cities. Earlier in September 2015, the company had raised an undisclosed round from 500 startups and a few HNI’s.

“Delhi NCR continues to be our top priority however we will be looking at expanding to other cities soon as we have well‐developed market insights and created our technology solutions to scale, said Rohan Diwan, Co-founder, Quickli.

Quickli was founded in April 2015 by Sudhanshu Agarwal and Rohan. The startup is a B2B 24×7 on-demand local delivery network. It offers an on-demand logistics services with a technology platform that helps in effective routing, based on location tracking of the fleet on street.

This further help local retailers, businesses, and ecommerce companies deliver products to customers when the same day orders come in.

The platform counts Airtel, Reliance Fresh, KFC, Innerchef, Pharmeasy among others as its clients and digitally tracks the order lifecycle to charge the businesses based on kilometer travelled and time spent on an order and compensate the riders on the same metric, charging a fee on each order.

Same day delivery continues to experience a massive growth and demand not just from food and grocery but also from new sectors like healthcare, gifting and replacement parts. “We’ve seen many companies in this space globally but the economics and execution that these guys have demonstrated is incredible” says Kai Kux, Managing Director at AVG.

Globally there are some companies that are emerging big winners in the same day delivery space like Deliv, backed by UPS in the US and China’s Dada and SHBJ, backed by Alibaba while it remains to see how the Indian ecosystem unfolds in the next coming months.

Other players who are serving in this segment include Daily Ninja, Shadowfax, Raincan, Grofers, Pickingo, Zopper, Zopnow and more.