About Borzo
Borzo is a company based in Mumbai (India) founded in 2016 by Mike Alexandrovski. Borzo has raised $55.05 million across 5 funding rounds from investors including Mubadala, FJ Labs and VNV Global. The company has 146 employees as of March 25, 2025. Borzo has completed 1 acquisition, including Now Bike. Borzo offers products and services including Intra-City Delivery Service. Borzo operates in a competitive market with competitors including FastBeetle, BookMyPacket, Hipship, Sendd and Coreyo, among others.
- Headquarter Mumbai, India
- Employees 146 as on 25 Mar, 2025
- Founders Mike Alexandrovski
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Wefast India Private Limited
- Date of Incorporation 04 Aug, 2016
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$4.58 M (USD)28.02as on Mar 31, 2023
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Net Profit
-$9.91 K (USD)99.23as on Mar 31, 2023
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EBITDA
-$85.95 K (USD)93.41as on Mar 31, 2023
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Total Equity Funding
$55.05 M (USD)
in 5 rounds
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Latest Funding Round
$35 M (USD), Series C
Aug 30, 2021
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Investors
Mubadala
& 5 more
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Employee Count
146
as on Mar 25, 2025
- Investments & Acquisitions
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Products & Services of Borzo
Borzo offers a comprehensive portfolio of products and services, including Intra-City Delivery Service.
Enables quick ordering and fast delivery for businesses and individuals.
People of Borzo
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Funding Insights of Borzo
Borzo has successfully raised a total of $55.05M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $35 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Borzo
Borzo has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Mubadala, FJ Labs and VNV Global.
| Investor | Description | Founded Year | Domain | Location |
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Investments in tech startups are managed by VNV Global.
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Flashpoint is recognized as a technology investment firm.
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Sovereign wealth fund backed by Russian goverment and private equity firm focused on growth equities
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Investor details for Borzo
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Investments & Acquisitions by Borzo
Borzo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Now Bike.
Investment portfolio details for Borzo
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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On-demand delivery services are provided for businesses in Delhi-NCR.
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Complete acquisition details for Borzo
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Financial Statements - Borzo
Detailed financials for Borzo
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Borzo Comparisons
Peer comparison for Borzo
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Competitors of Borzo
Borzo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FastBeetle, BookMyPacket, Hipship, Sendd and Coreyo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Door-to-door parcel and courier delivery services are provided.
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Online booking platform for parcel and cargo delivery services
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Multi-carrier delivery orchestration platform is provided for logistics integration.
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International goods shipping is enabled via a mobile-first marketplace.
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Courier services are facilitated via an app-based marketplace platform.
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Detailed competitors of Borzo
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Latest news on Borzo
Complete news archive for Borzo
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Frequently Asked Questions about Borzo
Borzo was founded in 2016.
Borzo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Mike Alexandrovski is the current CEO of Borzo. They have also founded this company.
Borzo is a funded company, having raised a total of $55.05M across 5 funding rounds to date.
As of Mar 25, 2025, the latest employee count at Borzo is 146.
Annual revenue of Borzo is $4.58M as on Mar 31, 2023.
The company was founded in 2016 in Mumbai, India, and operates in the logistics sector as an online marketplace for courier bookings. Intra-city delivery services are provided to businesses and individuals, including real-time tracking and multi-point options. Normal and scheduled deliveries are handled for documents, flowers, products, and other items. The platform is accessible through Android and iOS applications.
Borzo's top competitors include FastBeetle, Coreyo and Hipship.
Borzo offers Intra-City Delivery Service.
Borzo has made 1 acquisition, including Now Bike.
Borzo has 6 investors. Key investors include Mubadala, FJ Labs, VNV Global, Flashpoint, and Russian Direct Investment Fund.