About Coreyo
Coreyo is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2020 by Vince Madnkkakuzhy Jose. It operates as a courier services are facilitated via an app-based marketplace platform. Coreyo has raised $665.72 thousand across 2 funding rounds from investors including Swift Infracon, Siddharth Hans and Shashank Krishna. Coreyo was last valued at $2.29 million in December 2022. Its Indian entity 3 Elements Courier Aggregator Private Limited reported revenue of ₹1.36 Cr. Coreyo offers products and services including Coreyo Platform, Hyperlocal Service, Domestic Service, and Global Service. Its focus areas include Consumer, Logistics Tech, Parcel and Courier Services. Its competitors include Borzo, FastBeetle, BookMyPacket, Hipship and Sendd and 2 more; 5 of its 7 listed competitors have raised funding.
Company details
Coreyo was founded in 2020 in Bengaluru, India, operating within the logistics sector. An app-based platform is provided for users to connect with courier service providers, compare options, select services, process payments, consign packages, and monitor shipments in real time. The service focuses on streamlining parcel delivery through a digital interface.
- Headquarters Bengaluru, India
- Founders Vince Madnkkakuzhy Jose
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website coreyo.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name 3 Elements Courier Aggregator Private Limited
- Date of Incorporation 30 Jan, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.36 Cr
FY 2024 · +402% YoY
- Net Loss-₹3.64 Cr
FY 2024 · -267% margin
- EBITDA-₹3.56 Cr
FY 2024 · -261% margin
- Total Equity Funding$665.72K (USD)
in 2 rounds
- Latest Funding Round$331.37K (USD), Seed
Dec 2022
Associated legal entities of Coreyo
Coreyo operates through 3 Elements Courier Aggregator Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| 3 Elements Courier Aggregator Private Limited CIN U64120KA2020PTC132127 | Active | 30 Jan 2020 | Bangalore, Karnataka | ₹1.4 Cr | – | 3 | View details |
Products & Services of Coreyo
Coreyo offers a comprehensive portfolio of products and services, including Coreyo Platform, Hyperlocal Service, Domestic Service, and Global Service.
Platform for comparing and booking shipping services
Service for quick local parcel delivery options
Service for nationwide parcel shipping and tracking
Service for shipping to over 35 countries worldwide
Apps and channels of Coreyo
its YouTube channel Coreyo Official has 22 subscribers.
Funding Insights of Coreyo
Coreyo has successfully raised a total of $665.72K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $331.37 thousand completed in December 2022. 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.
- Total Funding $665,723
- Total Rounds 2
- Last Round Seed — $331,368
- First Round $334,355
(Jul 2021)
- Investors Count 8
All 2 funding rounds of Coreyo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $331,368 | Seed | $2.29M | – | |
| Jul 2021 | $334,355 | Angel Round | $2.01M | Siddharth Hans |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2022 | $2.29M | •••••••• |
| Jul 2021 | $2.01M | •••••••• |
Last known valuation $2.29M (Dec 2022). 8 investors in total: 1 institutional and 7 angel.
Investors in Coreyo
Coreyo has secured backing from 8 investors, including institutional and angel investors. Prominent investors backing the company include Swift Infracon, Siddharth Hans and Shashank Krishna.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | swiftinfracon.tcc.mode | - | |
SH Siddharth Hans | - | – | unknown_d7207fdd61514300a | - |
SK Shashank Krishna | - | – | unknown_c0e1bec86cf342c89 | - |
VK Vishal Khanna | - | – | unknown_4024dc4f9aa0441da | - |
NS Naveen Shukla | - | – | unknown_ae30abbfce4644708 | - |
VS Vishnu Somani | - | – | unknown_f2b002b56c114adaa | - |
GP Geetha Palikuth | - | – | unknown_393b3387708648139 | - |
JP Joseph Pookkat | - | – | unknown_e9c890b80566401fb | - |
Investor details for Coreyo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of 3 Elements Courier Aggregator Private Limited (Coreyo)
3 Elements Courier Aggregator Private Limited is the primary company behind Coreyo. The board of 3 Elements Courier Aggregator Private Limited currently have 3 directors; the longest-serving is Usha Dwivedi, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Usha Dwivedi DIN 08684146 | Director | 30 Jan 2020 | 6 yrs 8 mo | 3 Elements Courier Aggregator Private Limited |
| Peethambaram Jayashree DIN 02817543 | Director | 30 Jan 2020 | 6 yrs 8 mo | 3 Elements Courier Aggregator Private Limited |
| Vince Madnkkakuzhy Jose DIN 00063490 | Director | 30 Jan 2020 | 6 yrs 8 mo | 3 Elements Courier Aggregator Private Limited |
People of Coreyo
1 people are tracked at Coreyo (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Coreyo
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Financials of Coreyo
Figures of 3 Elements Courier Aggregator Private Limited, the primary company behind Coreyo, for FY 2024. Revenue was ₹1.36 Cr (+402% year on year). Net loss was -₹3.64 Cr (-267% margin). EBITDA was -₹3.56 Cr (-261% margin). Revenue has grown at a compounded annual rate of +18867% over three years.
- ₹1.36 CrRevenue · FY 2024 · +402% YoY
- -₹3.64 CrNet loss · -267% margin
- -₹3.56 CrEBITDA · -261% margin
- ₹1.5 LakhPaid-up capital
- +18867%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of 3 Elements Courier Aggregator Private Limited are on its company page.
Detailed financial statements for Coreyo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Coreyo
4 dated milestones of Coreyo across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Coreyo is founded.
- Funding First funding round of $334K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $331K.
Competitors of Coreyo
Coreyo has 7 listed competitors in our database, 5 of them funded. They include Borzo, FastBeetle, BookMyPacket, Hipship and Sendd, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| borzodelivery.com | 2016 | Mumbai, India | $55.05M | 161 | Intra-city courier services are booked via an online marketplace platform. | |
| fastbeetle.com | 2018 | Srinagar, India | $303,067 | – | Door-to-door parcel and courier delivery services are provided. | |
| bookmypacket.com | 2013 | Gurugram, India | $123,116 | 2 | Online booking platform for parcel and cargo delivery services | |
| hipship.com | 2013 | Bengaluru, India | $120,961 | – | Multi-carrier delivery orchestration platform is provided for logistics integration. | |
| sendd.co | 2015 | Mumbai, India | $151,270 | – | International goods shipping is enabled via a mobile-first marketplace. | |
| gaintlogistic.com | 2014 | Gautam Budh Nagar, India | – | 77 | Offers a web-based marketplace for booking and managing courier services. | |
| courierwalaz.com | 2015 | Jaipur, India | – | 30 | An emerging company providing intercity courier delivery services. |
Detailed competitors of Coreyo
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Top companies in Logistics Technology & Platforms
10 companies that operate in the same segment as Coreyo (Logistics Technology & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 23,536 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | 15,437 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 | |
App based platform offering on demand delivery and ride-hailing services | 2010 | Jakarta, Jakarta, Indonesia | USD 4.72 B | – | 998 | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Related news about Coreyo
Complete news archive for Coreyo
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Frequently Asked Questions about Coreyo
Coreyo was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Coreyo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Coreyo is a funded company, having raised a total of $665.72K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $334.36K, raised on Jul 2021.
The primary company behind Coreyo, 3 Elements Courier Aggregator Private Limited, reported revenue of ₹1.36 Cr for FY 2024, up 402% year on year.
Coreyo was founded in 2020 in Bengaluru, India, operating within the logistics sector. An app-based platform is provided for users to connect with courier service providers, compare options, select services, process payments, consign packages, and monitor shipments in real time. The service focuses on streamlining parcel delivery through a digital interface.
Coreyo's top competitors include Borzo, FastBeetle and Hipship.
Coreyo offers Coreyo Platform, Hyperlocal Service, Domestic Service, and Global Service.
Coreyo has 8 investors. Key investors include Swift Infracon, Siddharth Hans, Shashank Krishna, Vishal Khanna, and Naveen Shukla.
The valuation of Coreyo is $2.29M as of Dec 2022.
Coreyo operates through 3 Elements Courier Aggregator Private Limited.
The legal entities of Coreyo currently have 3 directors, including Usha Dwivedi, Peethambaram Jayashree, Vince Madnkkakuzhy Jose.