CarterX

CarterX

India’s only technology based logistic service where Luggage Transfer to the airport is simplified.

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DateInvestorsAmountRound
investor

€0.0

round

N/A

Seed
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD202120222023
Revenues000000000000
% growth-50 %68 %
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Dealroom estimates

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CarterX, operating under the legal name Carterporter Private Limited, is a technology-driven logistics firm addressing the niche market of airport luggage transfers in India. Founded in 2017 by Harsha Vardhan and Ramya Reddy, the company aims to simplify air travel by managing baggage logistics from the passenger's doorstep to the airport and vice versa.

Harsha Vardhan, the CEO, brings two decades of experience across retail, hospitality, and logistics to the venture, complemented by an MBA from the University of Madras. Co-founder Ramya Reddy contributes 14 years of expertise in software, construction, and investment. The duo bootstrapped the company, initiating operations in Bengaluru and Hyderabad before securing funding to expand. CarterX began with an incubation period at Bengaluru's Kempegowda International Airport in 2017 and officially launched in 2018 after fulfilling regulatory and security requirements.

The company's business model is a hybrid of B2C and B2B2C, serving individual travelers and corporate clients. Revenue is generated on a fee-for-service basis, with prices contingent on the number of bags and the distance for pickup or delivery. For individual consumers, local services start from approximately ₹599, while outstation services can go up to ₹6,279. CarterX also offers subscription plans for corporate employees, priced between ₹1,999 and ₹3,799.

CarterX's core service allows passengers to have their luggage picked up, securely packed with tamper-evident seals, insured, and transported to the airport check-in counter. On arrival, luggage can be collected from the baggage claim and delivered to the passenger's final destination. The entire process is managed through a digital platform that allows for booking, online payment, and real-time tracking of the baggage. Beyond airport transfers, the company provides inter-terminal transfers, city-to-city cargo services, and local delivery options. CarterX has established strategic partnerships with major Indian airlines like IndiGo, SpiceJet, AirAsia, and Vistara to integrate its services, making them accessible via airline portals and travel agencies.

Since its inception, CarterX has processed over 200,000 orders and expanded its operations to major airports including Delhi, Mumbai, Bengaluru, and Hyderabad. The company has successfully raised capital through multiple funding rounds, with investments from Mumbai Angels Network, Venture Catalysts, and JPIN, among others, to fuel its expansion and service development.

Keywords: airport luggage transfer, baggage delivery service, door-to-door baggage, travel logistics India, CarterPorter, airline baggage assistance, airport concierge, luggage shipping, Harsha Vardhan, Ramya Reddy, Venture Catalysts, Mumbai Angels, IndiGo 6EBagport, hassle-free travel, baggage check-in from home, airport services, contactless baggage handling, luggage tracking, travel tech, logistics startup

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