Description
Transporter City is a 4PL company in the logistics space. The internal review of the company along with the deal leads has been positive and we have decided to go forward with the investment opportunity. The company is based out of Delhi.
Overview about Transporter City:
Transporter City is a managed 4PL platform that solves last mile distribution needs for large and small direct-to-consumer brands in FMCG, commerce, pharma etc. They essentially manage the last-mile deliveries for marketplaces such as Flipkart, consolidating their orders at their stations and then getting it delivered to the end customers. They are currently present in 8 cities doing ~8000 deliveries/day and clocking a monthly run rate of INR 35 Lakh at present. The founder has domain expertise and have a good pedigree from IIT-B, and was employee #2 in Oyo at the position of Vice President and Senior Operating Partner. The company was previously invested in by Axilor, Touchstone and one of the Lead Angels Investors – Mr. Harsh Rajgarhia who is the ED of Overnite Express which is one of India’s leading Logistics company. All previous investors are participating in the round again.
Transporter City is raising INR 3.5 Cr. at an INR 20 Cr. pre-money valuation. The total ask from Lead Angels is INR 1 Cr.
The company already has a commitment for INR 2.5 Cr. Details of the participating Investors are-
- INR 1.1 Cr. is coming from existing Investors including Bitkemy, Axilor Ventures and Harsh Rajgarhia
- INR 1.4 Cr. is coming from new Investors including:
- INR 40L – Better Capital
- INR 40L – Manoj Maheshwary (Angel)
- INR 60L – Other Angels
The minimum commitment towards the company is INR 5 Lakhs. In case commitments exceed the ask amount, allotment will be proportionate.
