This Noida-based Startup is Trying to Simplify P2P Logistics

Founded in September 2015 by Vikrant Pathak, Gaurav Tyagi and Shalabh Kulshreshtha, Noida-based Qikship, is an on-demand shipping platform that enables users to ship anything anywhere from their comfort of home or office. The startup holds the vision of disrupting the logistics industry with technology and make shipping a fun task. It wants to organize the logistics space which is highly fragmented, and make it more flexible and transparent.

The team has developed in-house algorithms which automatically decides the best courier services for the consumers and help them to send anything anywhere without even stepping out to reach a courier shop.

Recalling the conception of this idea and inception of this company, Vikrant said, “The idea struck my mind when I was living far from home and I regularly needed to send gifts, couriers to my family in Delhi. One day, I realized that this process can be made super easy through an app and I started working on that idea. Qikship is the short form of “Quick Ship”, that is you can Quick ship anything from anywhere.”

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Services Offered by the Startup
The company is currently offering logistics service to C2C through Android app, and end to end logistics solution to SMEs and ecommerce companies.
Its is employing analytics to build some tech solutions that can be availed by traditional logistics companies on subscription based model. These services include complete fleet management solution, warehouse management solution, tracking solution, reverse logistics solutions etc.

For its direct customers, Qikship currently provides two services, based on the time consumed in shipping parcels:

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1. Standard

2. Premium

Users just have to take a picture of the item they wish to be shipped, and share the pick-up point along with the delivery destination.

Once a shipment request is placed, users are notified about the estimated time of delivery with full point to point tracking on the app. Upon receiving the request, a Qikship agent will reach the address, pack the item and pick it up for delivery.

No packaging fee is charged by the company.

Selection_118Business Model

Qikship caters to both individuals as well as businesses (B2B). Its business solutions are designed to help eCommerce companies and sellers to send the packages more efficiently and track them at a single point.

“Our business model is simple. We act as one stop solution for logistics. We provide shipment pickup and delivery to the customers through our own fleet in Delhi- NCR and use 3PL partners for outside Delhi- NCR”, said Vikrant.

Traction Details

The company claims to be witnessing MOM growth of 100%, and is doing over 500 shipments per day with an average ticket size of over Rs 200. The major part of its business comes from online sellers and SMEs.

It’s Android app is rated 4.6, and has over 500 installs.

Funding Status and Future Plans

In the month of March 2016, the company raised $200K in angel round of funding. The raised capital is being used “to build next generation technology for simplifying the logistics and create technology packed solutions, expansion to Gurgaon and Delhi, hiring people in sales & Operations, Tech and pickup agents”, as confirmed by the founders.

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Currently, the team comprises of 70 people.

Elaborating on the scope in this segment, Gaurav maintained, “Logistics as a whole accounts for around 14% of overll GDP and growing by more than 12% CAGR. With our current business, Our future plan is to extend our services to providing tech solutions to conventional logistics companies which is based on the business intelligence,  analytics and machine learning. We have already created some breakthrough solutions and running pilot tests.”

According to a report, Indian logistics market is expected to grow at a CAGR of 12.17% by 2020, driven by the growth in the manufacturing, retail, FMCG and eCommerce sectors, while the third-party logistics expected to be worth $301.89 billion by 2020.

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