This Noida-based Startup is Trying to Evolve P2P Logistics
Founded in September 2015 by Vikrant Pathak and Gaurav Tyagi, Noida-based Qikship, is an on-demand shipping platform that claims to enable users to ship anything anywhere from their comfort of home or office within 45 minutes. The startup holds the vision of disrupting the logistics industry with technology and make shipping a fun task.
The company claims to have developed in-house algorithms which automatically decides the best courier services for the consumers and help them to send anything anywhere without even stepping out to reach a courier shop.
Recalling the conception of this idea and inception of this company, Vikrant said, “The idea struck my mind when I was living far from home and I regularly needed to send gifts, couriers to my family in Delhi. One day, I realized that this process can be made super easy through an app and I started working on that idea. Qikship is the short form of “Quick Ship”, that is you can Quick ship anything from anywhere.”
How does it Work?
Qikship currently provides two services, based on the time consumed in shipping parcels:
1. Standard
2. Premium
Users just have to take a picture of the item they wish to be shipped, and share the pick-up point along with the delivery destination.
Once a shipment request is placed, users are notified about the estimated time of delivery with full point to point tracking on the app. Upon receiving the request, a Qikship agent will reach the address, pack the item and pick it up for delivery.
No packaging fee is charged by the company.
Business Model
Qikship caters to both individuals (B2C) as well as businesses (B2B). Its business solutions are designed to help eCommerce companies and sellers to send the packages more efficiently and track them at a single point.
The team comprises of 50 people which includes 30 pickup agents.
Traction Details
Currently, the company claims to be doing over 300-400 shipments per day with an average ticket size of Rs 200. The major part of its business comes from online sellers and SMEs.
It’s Android app is rated 4.6, and has over 500 installs.
Funding Status and Future Plans
In the month of March 2016, the company raised $200K in angel round of funding. The raised capital is being used “to build next generation technology for simplifying the logistics and create technology packed solutions, expansion to Gurgaon and Delhi, hiring people in sales & Operations, Tech and pickup agents”, as confirmed by the founders.
It plans to hire 150 pickup agent in next two months to establish its operation in Delhi and Gurgaon initially, and reach per day transaction of 3000- 3500.
According to a report, Indian logistics market is expected to grow at a CAGR of 12.17% by 2020, driven by the growth in the manufacturing, retail, FMCG and eCommerce sectors, while the third-party logistics expected to be worth $301.89 billion by 2020.
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