Funding

Hyderabad based startup VDeliver raises pre-series A funding from Corvus Ventures and others

VDeliver, a hyper-local delivery startup offering services to both businesses and individual today said that it has received an undisclosed amount in pre-series A funding from a clutch of investors. Hyderabad-based Corvus Ventures led by Mr. Mahesh Reddy and joined by Mumbai-based MAPE Advisory Group, Mr. R Ramaraj, co-founder—Sify, and Mr. Anil Bhansali, Corporate Vice President, Microsoft has participated in this round.

Commenting on the fund release, lead investor Mahesh Reddy of Corvus Ventures said, “For several businesses, getting deliveries right is essential. We believe the strong understanding of business operations and technology that VDeliver brings will help it become an indispensable partner to companies looking to optimise their delivery function”.

Hyderabad based startup VDeliver raises pre-series A funding from Corvus Ventures and others

Among the country’s early startups in the technology-driven logistics space, VDeliver currently fulfils intra-city deliveries across segments including medicines, surgical items, gifting, packaged foods, detox juices, gifts, business documents, and last-mile logistics with a focus on speed and efficiency.

Mr Srinivas Madhavam, Founder & CEO of VDeliver said, “We have emerged as the largest intra-city logistics provider in Hyderabad with an unflinching focus on technology and operational efficiency. This investment will help us further strengthen our portfolio of innovative offerings, without compromising on unit economics and efficiency”.

The company foresees huge potential in the healthcare industry and is already working with leading clients like 1mg, CallHealth and more. As a market leader in Hyderabad and with a strong presence in Chennai, VDeliver will soon be expanding its operations to other large cities.

VDeliver has recently launched Staytions, an innovative concept that aims to improve the convenience of collecting parcels or placing delivery service requests across the city. By simply scanning the QR code available at Staytions, customers can place a pickup or delivery request. The company believes that this will redefine the logistics experience for billions of customers.

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