Cubito, a startup which aims at reeling you of your transportation logistics headache, has secured an INR 1 Crore ($160K) seed round from Zostel-backer, Sol Primero.
Cubito’s flagship product is an Employee Tranportation Automation Tool (ETAT), which helps corporations and enterprises to full automate their employees’ transportation, all in real-time. Cubito says that it infuses intelligence into transport logistics involved in business processes and automate them to a complete 100%.
Currently operational in Mumbai, Bangalore & Delhi with the head office in Bangalore, Cubito plans to use the investment to shore up its technology and drive expansion across verticals.
Pranay Agrawal & Yash Patodia, co-founders at Cubito say,
With a completely in-house proprietary technology and a brilliant set of mentors, we focus towards making the experience of enabling transportation as a business or using it as a consumer, extremely simple and a pleasure to deal with. We are looking forward to working with Sol Primero and are excited to take Cubito to the next level.
While Cubito’s flagship product Employee Transportation Automation Tool (ETAT) focuses on Employee Transportation, the technology that has been developed in house is a solution for a wide variety of logistical problems.
E-commerce thus also comes under the radar, as a major business market for Cubito. We saw how snapdeal acquired GoJavas, to solely look after its logistics issues. Flipkart too has its own logistical arm. But smaller players, who are depended on third-party services for their logistical needs, could benefit hugely through Cubito’s transportation automation tech.
Cubito too, identifies the same and plans to go after the e-commerce and third party logistics space focusing on the last mile delivery optimization, truck route planning and others. The startup is incubated at Kyron Global Accelerator.