Transporter.city raises funding from Touchstone, Lead Angels and others

Recent funding in a logistics company called Transporter.city by Lead Angels. End Quote

(1888PressRelease) August 04, 2019 - Gurugram based startup Transporter.city has raised an undisclosed amount in funding from Axilor and Touchstone Equities, Lead Angels, and other Angels.

In his comments, Sushanto Mitra, CEO, Lead Angels, said “Logistics remains a big problem to be solved in India and while technology solutions abound, execution is the key. In the Transporter team led by Shailendra Singh, we saw both an ability to conceptualize solutions and execute solutions.”

Transporter offers to become the go-to tech-enabled local distribution solution for large to small brands that need a supply chain to delivers their goods directly to the customer or at a point closest to it (skipping the conventional distribution layer). Transporter is building a network of asset-light micro-delivery stations run by small-local vendors but managed completely for control, service and QC. The stations work on simpler DROP & DISTRIBUTE model, where shipment from the client fall on a platform, then connected same/next day to customers using shared delivery resources.

“The e-commerce industry is projected to grow to $200 billion in next 3 years and an intelligent logistics solution is required to cater to the growing demand. At Touchstone Equities, we believe in Transporter.city’s vision of building efficient segregation and routing of deliveries platform”, said Utkarsh Sinha, CEO – Touchstone Equities.

Transporter is becoming a preferred logistics partner for small to large SMEs in India that sell directly to their consumers but struggle with logistics. Transporter’s technology first approach and expanding service coverage is positioned to help companies quickly integrate their shipping requirements to Transporter and deliver Amazon-esque delivery experience to their customers

Transporter plans to use the current funds to further strengthen their technology and platform capabilities and increase its service capabilities pan-India.

About Transporter.city
AI-enabled operations stack for first/last-mile distribution. We help companies do same-day deliveries with no delays, higher throughput & lower costs via a simple API call. Changing the way last-mile logistics in urban areas will be managed for the next decade

About Lead Angels
Lead Angels is a full-stack financial services company for startups. It provides consulting and execution services for business planning, incorporation and other regulatory related filings required for starting up through LA Management & Professional Services. Lead Angels Network provides early funding to companies which have achieved traction and looking to prove their disruptive growth hypothesis. Lead Advisory assists companies looking to raise growth capital for scaling their business.

###

space

Other Related Press Releases

Transporter.city raises funding from Touchstone, Lead Angels and others by Lead Angels