Logistics Startup Smart Express Raises Rs 100 Crore Ahead Of Launch

Logistics technology startup Smart Accurate has aloft Rs 100 crore in berry funding, advanced of its barrage during the accessible blithe season. The Mumbai-based aggregation affairs to activate its operations in 30 cities and added authorize 300 centres beyond the country in the abutting three years, according to a account appear by the close on Wednesday, August 18. 

IIFL Private Equity (PE) fund led the fundraise and the annular saw the accord of added investors including Smiti Holding & Trading Aggregation (Jalaj Dani Family office), the apostle and founder Yogesh Dhingra and added co-founders, appear account bureau

The funds will be utilised for ambience up the pick-up and commitment units as able-bodied as developing a alteration hub infrastructure for customers beyond the country. The advance is accepted to booty abode in two tranches over the abutting two years affiliated to the pre-defined business milestones to aggrandize in several cities in India.

The added key areas area the aggregation seeks to utilise funds accommodate the development of advanced technology to abutment its operations and architecture avant-garde solutions that will allow customers to avail services at an optimal cost.

Over a aeon of time, Smart Accurate will authorize its business beyond segments including B2C, B2B, D2C, C2C and hyper-local delivery. As allotment of its account alms in the air accurate category, the aggregation will offer deliveries based aloft chump requirements.

''Our advanced technology will advice accommodate 360 visibility, faster alteration time and bigger chump experience. To accomplish a aberration in the market, we are additionally creating a future-ready aggregation that has a aggregate of industry experience, affection and energy,'' said Yogesh Dhingra, Managing Director and CEO, Smart Express.

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