VDeliver
Innovative concept of multiproduct delivery right at client's door step.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
N/A | Early VC | ||
| Total Funding | 000k | ||
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VDeliver, founded in 2011 by Srinivas Madhavam, Chaitanya Reddy, and Prashant Patalay, established itself as an intra-city logistics platform in India, specializing in on-demand delivery services. The initial concept, driven by founder Srinivas Madhavam, a mechanical engineer, arose from the need to facilitate the delivery of anything, from food to documents, within a city. Prior to VDeliver, Madhavam's experience in project management at BGR Energy Systems provided him with a foundation in executing large-scale operations. The company operated primarily in Hyderabad and Chennai.
VDeliver's business model focused on providing hyperlocal logistics for both individual customers and businesses, including local e-commerce portals. The company developed a web-based platform for booking on-demand deliveries, offering various service levels such as 4-hour, 12-hour, and 24-hour options. Its service portfolio was diverse, encompassing last-mile delivery, cash on delivery, reverse logistics, and the transport of goods ranging from food and groceries to medicines and office supplies. Key clients included notable brands like Gati, CallHealth, 1mg, Zopper, and Titan Eye+. Revenue was generated through direct service charges to customers and businesses, commissions from restaurant partners for orders, and advertising placed on delivered parcels.
Over its operational history, VDeliver secured approximately $196K in total funding across three seed rounds from investors including MAPE, GenNext Hub, Corpus Ventures, KLCP Holdings, and Boss Consulting. By January 2017, the company reported having fulfilled over 150,000 orders across 18 business segments. A significant milestone was the acquisition of the Towny app in 2017, which had service operations in 28 towns in Andhra Pradesh, as part of a plan to expand its hyperlocal reach under the new brand "Exprs". Publicly available information indicates the company is no longer in business as of November 2018.
Keywords: VDeliver, intra-city logistics, hyperlocal delivery, on-demand delivery, last-mile delivery, Srinivas Madhavam, Hyderabad logistics, Chennai logistics, e-commerce delivery, food delivery service, document delivery, cash on delivery, reverse logistics, GenNext Hub, MAPE, Corvus Ventures, Towny app, Exprs, logistics platform