Company Name : Parcelled
Funding Amount : $5mn
Funding Round : Series A
Parcelled, an on-demand first mile logistics provider, has raised $5 million led by logistics company Delhivery with the participation of Tracxn labs. The company will divert these funds towards strengthening its core technology platform, expansion of its team, product portfolio and launch of multiple cities over the next six months.
Parcelled helps consumers, small marketplace sellers & SMBs ship items on-demand. Within 30 mins the company’s ground staff picks up an item, inspects it, packs it and takes care of the end to end delivery. The company’s major use cases include e-commerce returns, gifting & a lot of small e-commerce marketplace sellers.
The company has further expanded its services to 8 cities in the country, to empower consumers with an easy shipping experience. Parcelled currently offer its services across 13 cities including Delhi, Bangalore, Mumbai, Pune, Jaipur, Chennai, Kolkata, Hyderabad, Surat, Indore, Gurgaon/Noida and Ahmedabad.
Commenting on the investment, Sahil Barua, CEO of Delhivery said, “Delhivery was also the seed investor in Parcelled along with Traxcn labs. They are innovating on pickup models, on-site packaging and quality control to simplify the first mile process down to a single button. Backed by the size of the Delhivery network this would allow consumers to ship from anything anywhere at the press of a button.”