Description
- Extensive Reach: QuickShift‘s vast network spans 29,000 pin codes, served by strategically positioned fulfillment centers.
- Robust Growth: Starting their first fulfillment in Mumbai in 2020, over the last three years, QuickShift consistently doubled its annual revenues, With annualized Monthly revenue of INr 2.7cr as of May 2024.
- Stellar Clientele: A significant 74% of their revenue comes from well-established legacy and large D2C consumer brands.
- Customer Loyalty: QuickShift boasts exceptional customer retention, resulting in remarkable LTV-CAC ratios exceeding 50x and 30x for legacy and large D2C clients, respectively.
- Cross Border Logistics to over 200 countries: QuickShift launched their cross-border vertical, Axis, 4 months ago and have already onboarded over 100 sellers, clocking an ARR of INR 1 cr.
- Capital efficiency: Notably, QuickShift achieved its remarkable scale with a mere $1.3 million raised in 2021 from Anicut Capital, Axilor Ventures and VCats.
- Lack of Digitization: Many physical retailers have been slow to adopt digital solutions, which hampers their ability to compete with more agile, tech-savvy quick commerce platforms.
- Middlemen Payments and Reconciliation: The involvement of numerous intermediaries complicates payment processes and reconciliation, leading to inefficiencies and increased operational costs.
- Highly Unorganized Network: The physical retail sector is characterized by a fragmented and unorganized network, making it difficult for brands to manage and optimize their supply chains effectively.
- Evolving Supply Chains: Brands face constant challenges in evolving their supply chains to meet the demands of a rapidly changing market. This involves dealing with multiple stakeholders, each with their own set of requirements and expectations.
- Lack of Omnichannel Partners: There is a notable deficiency in omnichannel partners who can seamlessly integrate online and offline retail experiences, further complicating the retail landscape for brands.
Addressing these issues is crucial for the physical retail sector to remain competitive and meet the evolving needs of Indian consumers.
Quickshift partners with brands to provide comprehensive end-to-end services, addressing every aspect of the supply chain and customer experience. Quickshift
- Order Processing & Fulfillment: Ensuring smooth and efficient handling of customer orders from placement to delivery.
- Shipping & Tracking: Managing logistics and providing real-time tracking to keep customers informed about their orders.
- Inventory Planning & Listing Management: Optimizing inventory levels and managing product listings across various platforms to ensure availability and visibility.
- Analytics & Reporting: Offering detailed insights and performance reports to help brands make informed decisions and refine their strategies.
- Export Logistics: Facilitating international shipping and compliance to expand the reach of brands beyond domestic markets.
Quickshift also assists brands in managing all distribution channels like Physical Retail, Online Marketplaces and D2C Websites effectively. They leverage fast and efficient commerce solutions to meet the growing demand for quick deliveries through quick commerce. Lastly, they extend market reach by managing the complexities of international trade for export operations.
They provide brands with The Quickshift Engine, a proprietary tech stack that includes:
- Last Mile Management System: Ensuring efficient final delivery of products to customers.
- Transport Management System: Optimizing transportation logistics to minimize costs and improve efficiency.
- Shipment Tracking Module: Offering real-time tracking and status updates for shipments.
- Customer Experience Module: Enhancing customer interactions and satisfaction through integrated support and feedback systems.
Quickshift integrates with all major online channels, including Amazon, Shopify, eBay, and Flipkart, to ensure seamless operations across platforms. They also provide:
- Order Management System: By integrating with shipping partners, they streamline order processing and management.
- Warehouse Management System: By integrating with ERP and legacy software, they ensure efficient warehouse operations and inventory management.
By leveraging their extensive network and advanced technology, Quickshift enables brands to efficiently manage their supply chains and distribution channels, ensuring a seamless and integrated customer experience across all touchpoints.
The global market for Retail Omni-Channel Commerce Platform estimated at US $8.1 Billion in the year 2022, is projected to reach a revised size of US$27.7 Billion by 2030, growing at a CAGR of 16.6%
Total Addressable Market – Almost 2,000 Legacy Brands & Large D2C Brands in India with Revenues > ₹ 50 cr and >50,000 Young Brands in India with Revenues between ₹ 5 & 50 cr.
About the Founders
Anshul Goenka – Co-Founder & CEO
- Ex – founder of Woofbnb
- MBA from Symbiosis and hold a consultant degree from LMU (UK)
Prodipto Roy – Co-Founder & CTO
- More than 3 decades of experience in retail and fashion supply chain
- Profit Centre Head for International companies, established joint-ventures overseas, managed global consulting engagements.
- IIT, Delhi graduate.
