Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: J&K based logistics startup FastBeetle races ahead, raises undisclosed fund at USD 3 million valuation
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > J&K based logistics startup FastBeetle races ahead, raises undisclosed fund at USD 3 million valuation
Breaking

J&K based logistics startup FastBeetle races ahead, raises undisclosed fund at USD 3 million valuation

ANI
Last updated: June 11, 2023 9:45 am
ANI
Published: June 11, 2023
Share
5 Min Read
SHARE

 FastBeetle, a digital logistics platform based in Jammu and Kashmir, has recently made headlines with its successful undisclosed funding round, valuing the company at 3 million dollars.

The funding was led by Jaipur-based angel investors KM Trans Group and advised by Alsisar Impact, an incubator based in Mumbai. This new investment will enable FastBeetle to further disrupt the conventional delivery sector in J-K and expand its presence in the e-commerce industry. Founded in 2019 by Samiullah and Abid Rashid Lone, FastBeetle quickly gained recognition for its mission to create a strong and efficient logistics network within its home state.

The startup has established an extensive network of warehouses and delivery centres across major districts of J-K, including a recent expansion into Ladakh.

This strategic infrastructure allows FastBeetle to offer comprehensive services across 19,000 pin codes in India and internationally, handling an impressive volume of over 3 lakh shipments per month.

One of the key drivers of FastBeetle’s success lies in its partnerships with over 1,500 micro-entrepreneurs and small and medium-sized enterprises (SMEs), including women-led businesses.

By fostering entrepreneurship and driving economic growth in underserved areas, FastBeetle has not only disrupted the logistics industry but also created opportunities for marginalized communities.

FastBeetle stands out in the market by offering enterprise users a streamlined order management platform, powered by proprietary algorithms such as real-time order clubbing and dynamic batching.

These optimization techniques reduce lead times and enhance first-time delivery success rates, minimizing the need for multiple attempts and returns. By minimizing delivery failures, FastBeetle helps businesses save costs associated with return to origin (RTO) shipments.

Sheikh Samiullah, Co-founder and CEO of FastBeetle, expressed his vision for the company, saying, “Our mission is to provide a world-class experience to customers and partners while generating long-term value for stakeholders. Our investments in the Himalayan region have the potential for significant social and economic impact.”

The recent partnership with KM Trans Group, a respected name in the logistics industry, has further solidified FastBeetle’s positions in Jammu and Kashmir. KM Trans Group expressed their excitement about the collaboration, stating, “At KMT, we are delighted to announce our partnership with FastBeetle and eagerly anticipate witnessing their journey as they strive to establish a technology-driven logistics network in J-K, an accomplishment that has eluded many major players in the field. The startup’s significant contribution to the state’s economic growth fills us with immense pride.”

The funding secured in the Pre-Series A round will enable FastBeetle to invest in advanced technology solutions such as artificial intelligence, machine learning, and data analytics.

These investments will improve various aspects of the company’s operations, including hiring, route planning, and tracking.

Moreover, the funds will support FastBeetle’s geographical expansion, strengthen its supply chain partnerships, and enhance solutions for direct-to-consumer (D2C) brands. This includes integrating better with warehouses, transporters, and third-party Warehouse Management Systems (WMS) to offer same-day and next-day delivery options.

CTO Abid Rashid emphasized the importance of the funding for the company’s future growth, stating, “This funding will enable us to leverage advanced technology solutions to optimize our operations and enhance the services we provide to our partners. We are committed to delivering an exceptional experience to our customers and enabling seamless logistics for D2C brands.”

FastBeetle has demonstrated exceptional financial performance by achieving profitability in a relatively short period. In an industry where growth and sustainability are paramount, the company’s profitability-focused approach has attracted investors seeking long-term value.

Sunny Gupta, Head of Strategy and Partnerships at FastBeetle, highlighted this achievement, saying, “By prioritizing profitability as a core metric, FastBeetle has established itself as a robust and sustainable venture. We have set the foundation for long-term success, attracting the attention of investors who recognize the immense potential of our business.”

FastBeetle’s success story serves as a testament to the resilience and innovation of startups in the face of the ongoing funding challenges in the Indian startup ecosystem. With a focus on disruptive technology, economic empowerment, and social impact, FastBeetle is set to revolutionize the logistics landscape in Jammu and Kashmir and beyond. (ANI)

CS pays obeisance at Kheer Bhawani Temple Tullamulla
Unexpected voter turnout, JK touching new heights”: State BJP President Ravinder Raina
G20 under India’s presidency has become a people’s movement: Union Minister V Muraleedharan
SC constantly working to ensure legal processes become easier and simpler for citizens: CJI
T20 WC: ICC announces match officials for title clash between England and Pakistan

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article ‘Prevalence and determinants of infertility ‘
Next Article Amarnath Yatra will be underway for 62 days which shows govt’s confidence: Union Minister Jitendra Singh
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Hyderpora underpass turns into cab stand, sparks safety concerns
City
May 26, 2025
Bear-Proof Corral unveiled to tackle human-wildlife conflict in Drass
Kashmir
May 26, 2025
SACPPE holds session to safeguard children from unexploded shells in Uri
Kashmir
May 26, 2025
‘Prem Visheshagya’ brings laughter to Natrangs’ Sunday theatre
Jammu
May 26, 2025

Recent Posts

  • Hyderpora underpass turns into cab stand, sparks safety concerns
  • Bear-Proof Corral unveiled to tackle human-wildlife conflict in Drass
  • SACPPE holds session to safeguard children from unexploded shells in Uri
  • ‘Prem Visheshagya’ brings laughter to Natrangs’ Sunday theatre
  • Admin spreads awareness on drug abuse in Sgr

Recent Comments

  1. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  2. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  3. dr gora on Women Veterinarians and the Goal of Viksit Bharat
  4. jalwa game login on National Education Policy 2020: Transforming India’s Educational System
  5. Virender Bhat on Pahalgam Attack: A War on Humanity, Peace, and Kashmiriyat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?