Hyderabad-based logistics and warehousing startup Zebroads has secured $75000 (INR 50 Lakh) in angel funding from unknown investors. The fresh funds will be deployed to increase warehousing space, strengthen technology, and improve manpower.
The startup was founded in 2013 by Chandra Shekhar to meet logistics and warehousing demands of small companies and SMEs who could not afford big logistics companies. It exclusively aims towards offering tailor-made services in warehousing, logistics and distribution channel to Small and Medium Enterprises (SMEs).
It not only provides trucks according to varying loads (Mini and mid-sized trucks) but also provides skilled and trained manpower in the form of helpers, supervisors, packers etc.
Customers can easily book a truck from Zebroads through its call center service or online web portal. They will get SMS or a Whatsapp message when the company finds the nearest truck driver to their location.
The startup offers complete end-to-end business logistics solutions of transport and manpower to every part of supply chain system- traders, distributors, large Industries, C&F Agencies and other trading partners.
The most important achievement of Zebroads so far is that despite a slow initial growth, the startup claims to be profitable from the first month. At present, the company handles business of worth 10 crores every month and has recently signed up three more new companies and medium firms.
Speaking about his future plans for Zebroads, Chandra Shekhar said, “Ultimately in the future, we want to create ‘Pay as Use’ concept for SMEs and medium-sized companies to make sure that they spend optimum money on warehousing, logistics and thereby improve their margins by sharing warehousing, manpower, and logistics expenses.”
In India, a huge number of online logistics startups in trucking segment have emerged and raised funding in past one year alone.
These include TrucksFirst which raised $10 million in Series A; another SME focussed truck logistics provider Fortigo which raised funding from Nandan Nilekani; and on-demand logistics service Moovo which raised angel funding from YouWeCan ventures and others.
In the same year, LetsTransport also secured $1.3 Million in a fresh round led by Japanese VC firm Rebright Partners.