Pune: Plug and play tech fulfillment startup empowering D2C and omnichannel brands, Quickshift has raised USD 770k in seed funding from Anicut Angel Fund and Axilor Ventures.
The company will step-up its proprietary technology and expand its network of fulfilment centres across the length and breadth of the country with the new lease of funds.
Traditionally in India, logistics has always been viewed as a cost centre for businesses along with the lack of standardised solutions across the supply-chain. QuickShift is a technology fulfilment company providing a wide array of offerings through a “single click” with a faster turnaround time.
QuickShift also acts as an accelerator for brands in the D2C, e-commerce, B2B & retail space, enhancing their scale and penetration across 26,000 pin codes across India.
Backed by its own network of decentralized warehouses across strategic locations in India, its end-to-end supply chain solutions are built around its data-driven technology and seamless plug and play integrations.
The experience leads to cost efficiencies, industry fast turn around time and operational ease. Through this product, QuickShift aims to eliminate the pain points of aspiring brands and accelerate their growth, visibility, and scale.
He further added, “Today the entire customer journey is undergoing massive disruption with the uptick of digitised channels. Quick and hassle free delivery has become an essential point for ensuring customer delight and loyalty. We are currently offering next-day and two-day delivery models to brands and would soon be opening up 2-hour delivery options for mission critical deliveries.”
The company leverages its pan-India network to place their inventory, manage it across all their sales channels, track real time inventory changes and utilise the data analytics provided to reduce inventory ageing and effectively plan their marketing spends. The overall experience leads to cost efficiency, industry-best turn around time and operational ease.
Mumbai-based Pareto Capital acted as the sole transaction advisor for the deal.