Company Name : Quifers
Funding Amount : Rs. 2 crore
Investor(s) Indian Angel Network.
Funding Round : Angel round
Mumbai based Quifers, a logistics company has raised Rs 2 crore from Indian Angel Network. The raised funds will be used to hire and expand team and also in product development.
The startup provides intra-city transport for e-commerce players through light commercial vehicles.
The startup plans to expand its operations to Pune and further after it increases its revenue run rate of Rs 1 crore a month by December.
Starting from giant e-commerce player such as Flipkart, Snapdeal as well as offline companies, Quifers plan to cater all, including smaller retailers. The startup also plans to enable tracking vehicles through their app.