Qlivery, an on-demand delivery solution startup for fulfilling customers daily needs, has raised $2,30,000 in a fresh funding round from Hong Kong-based Swastika.
The amount of money that has been raised in this funding round will be used by the company to further expand its team. It will also use the capital to expand its geographical reach and add customers. Currently, it is operating in Gurgaon only.
Along with the news about this seed funding round raised by the company, it has also been revealed that the company is in talks with investors to raise around $4 million in a pre-Series A round.
Rohit Pansari, co-founder of Qlivery, said,
The team believes technology and analytics is the heart of the business and thus, a substantial amount of the current fund-raise will be used to improve the technology stack, including implementation of artificial intelligence.
Founded in June 2015 by Chetan Agarwal and Rohit Pansari, Qlivery is a cross segment on-demand concierge solution fulfilling customer’s daily needs. Earlier, the company had raised an undisclosed amount of funding in a seed round from Chandigarh Angels Network.
The company uses a combination of technology and logistics to enable customers to get anything delivered as per their convenience. It provides customers a proposition to buy anything they desire from within their city. Customers can also use it as a pick ‘n’ drop service.
Using the service, customers can delegate daily tasks like depositing cheques in banks, booking movie tickets, equipment repairs, etc., to Qlivery and the company promises to complete the task within 90 minutes.
The startup thinks that they are empowering brick and mortar local businesses in the e-commerce age while offering affordable convenience to our customers.
Vaibhav Jain, director at Swastika, said,
Modern trade as an industry is approximated at $60 billion, which is only 10% of the total retail market in India. Consumer’s desire for comfort driven by income growth, urbanisation and attitudinal shifts is going to propel this industry. We believe in the solution that team Qlivery has come up with.