About FastBeetle
FastBeetle is a Transportation, Automotive & Logistics company based in Srinagar (India) founded in 2018 by Sheikh Sami Ullah and Abid Rashid. It operates as a door-to-door parcel and courier delivery services are provided. It operates on a On-Demand Services and Pay-per-Use / Usage-Based model. FastBeetle has raised $303.07 thousand across 4 funding rounds from investors including Nepra, KM Trans Logistics and Peyush Bansal. FastBeetle was last valued at $3 million in June 2023. Its chief executive is Sheikh Sami Ullah. Its website fastbeetle.com draws about 16 thousand monthly visits. Its Indian entity Fastbeetle Logistics Private Limited reported revenue of ₹6.18 Cr. FastBeetle offers products and services including Send Package and Airport Packages. Its focus areas include Transportation, Logistics and Courier Services. Its competitors include Speedbox, BookMyPacket, Hipship, Sendd and Coreyo and 2 more; 5 of its 7 listed competitors have raised funding.
Company details
FastBeetle is involved in offering courier and delivery solutions across India. The company operates in the logistics sector, focusing on door-to-door services for businesses and individuals. Packages, letters, and critical shipments are handled with an emphasis on safety and timeliness. On-demand delivery options are provided to meet time-sensitive needs, while transparent pricing and flexible scheduling are maintained to ensure customer convenience. Operations span various regions, connecting producers and consumers through efficient logistics networks.
- Headquarters Srinagar, India
- Founders Sheikh Sami Ullah, Abid Rashid
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website fastbeetle.com
- Social LinkedIn X Facebook Instagram
- Legal Name Fastbeetle Logistics Private Limited
- Date of Incorporation 28 Oct, 2020
- Jurisdiction Jogeshwari West, Maharashtra, India
- Annual Revenue₹6.18 Cr
FY 2024 · +160% YoY
- Net Loss-₹1.33 Cr
FY 2024 · -21% margin
- EBITDA-₹1.20 Cr
FY 2024 · -19% margin
- Total Equity Funding$303.07K (USD)
in 4 rounds
- InvestorsNepra
& 16 more
Associated legal entities of FastBeetle
FastBeetle is associated with 2 registered companies on The Company Check; the primary company is Fastbeetle Logistics Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fastbeetle Logistics Private Limited CIN U63090MH2020PTC348915 | Active | 28 Oct 2020 | Jogeshwari West, Maharashtra | ₹6.2 Cr | – | 2 | View details |
| Fastbeetle Services Llp CIN AAN-9440 | Active | 04 Jan 2019 | Srinagar, Jammu and Kashmir | ₹0.0 Cr | – | 2 | View details |
Products & Services of FastBeetle
FastBeetle offers a comprehensive portfolio of products and services, including Send Package and Airport Packages.
Packages are delivered with speed and reliability ensured.
Airport packages are handled with urgent delivery focus.
Apps and channels of FastBeetle
FastBeetle publishes 2 mobile apps with over 10K+ downloads.
Funding Insights of FastBeetle
FastBeetle has successfully raised a total of $303.07K across 4 strategic funding rounds. 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 $303,067
- Total Rounds 4
- First Round $100,000
(May 2021)
- Investors Count 17
All 4 funding rounds of FastBeetle 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 |
|---|---|---|---|---|---|
| Jun 2023 | – | Seed | $3M | – | |
| Jan 2023 | $110,932 | Angel Round | – | Peyush Bansal, Aman Gupta | – |
| Dec 2021 | $92,135 | Seed | $879,155 | Nepra | |
| May 2021 | $100,000 | Seed | $••••• | Sandeep Patel, Saurabh Mittal |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2023 | $3M | •••••••• |
Last known valuation $3M (Jun 2023). 17 investors in total: 2 institutional and 15 angel.
Investors in FastBeetle
FastBeetle has secured backing from 17 investors, including institutional and angel investors. Prominent investors backing the company include Nepra, KM Trans Logistics and Peyush Bansal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Delivers comprehensive logistics and transportation solutions for businesses. | 1998 | kmtrans.in | Jaipur, India | |
Provides solutions for the collection, segregation, processing, and recycling of municipal dry waste | 2006 | nepra.co.in | Ahmedabad, India | |
PB Peyush Bansal | Founder of Lenskart, prominent angel investor, Shark Tank India judge | – | unknown_3573ea2f26e141f98 | - |
AG Aman Gupta | Co-founder of boAt, Shark Tank India judge, active angel investor | – | unknown_365ad16cba994e918 | - |
AS Anuj Sharma | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | – | unknown_494f3f7ad4d54d16a | - |
AZ Asiya Zargar | - | – | unknown_72ff141cce114fbf9 | - |
RQ Rohit Qamra | - | – | unknown_44b6807351364425b | - |
SK Surbhi Kapoor | Angel investor focusing on early-stage Indian startups in tech and consumer sectors. | – | unknown_5eae3e37bb2247db8 | - |
KD Kartikeya Desai | - | – | unknown_db346e8283134c5c8 | - |
SM Saurabh Mittal | - | – | unknown_a23e472af186475eb | - |
Investor details for FastBeetle
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Fastbeetle Logistics Private Limited (FastBeetle)
Fastbeetle Logistics Private Limited is the primary company behind FastBeetle. The boards of the 2 registered companies of FastBeetle currently have 2 directors; the longest-serving is Sheikh Sami Ullah, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sheikh Sami Ullah DIN 08321722 | Designated Partner | 04 Jan 2019 | 7 yrs 9 mo | Fastbeetle Services Llp, Fastbeetle Logistics Private Limited |
| Abid Rashid Lone DIN 05333983 | Designated Partner | 04 Jan 2019 | 7 yrs 9 mo | Fastbeetle Services Llp, Fastbeetle Logistics Private Limited |
People of FastBeetle
9 people are tracked at FastBeetle (6 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
| CEO & Co-Founder | Leadership | |
Faizan Z Bhat | Director Service And Operations J&k | Leadership |
Aaqib Shah | Chief Compliance Officer | Leadership |
Sunny Gupta | Co-founder | COO | Leadership |
Sahrish Bhat | Organizational Development Consultant | Team |
Majid Shakeel | Backend Developer | Team |
Pankaj Sharma | Area Operations Manager | Team |
Complete people profiles for FastBeetle
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of FastBeetle
Figures of Fastbeetle Logistics Private Limited, the primary company behind FastBeetle, for FY 2024. Revenue was ₹6.18 Cr (+160% year on year). Net loss was -₹1.33 Cr (-21% margin). EBITDA was -₹1.20 Cr (-19% margin). Revenue has grown at a compounded annual rate of +611% over three years.
- ₹6.18 CrRevenue · FY 2024 · +160% YoY
- -₹1.33 CrNet loss · -21% margin
- -₹1.20 CrEBITDA · -19% margin
- ₹1.4 LakhPaid-up capital
- +611%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Fastbeetle Logistics Private Limited are on its company page.
Detailed financial statements for FastBeetle
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of FastBeetle
4 dated milestones of FastBeetle across 5 years, from founding to its latest funding, stage changes and deals.
- Founded FastBeetle is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Seed,.
- Milestone Reaches Minicorn status.
Competitors of FastBeetle
FastBeetle has 7 listed competitors in our database, 5 of them funded. They include Speedbox, BookMyPacket, Hipship, Sendd and Coreyo, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| speedboxapp.com | 2015 | Mumbai, India | $299,998 | – | Delivery management solutions for logistics companies are provided by Speedbox. | |
| 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. | |
| coreyo.com | 2020 | Bengaluru, India | $665,723 | – | Courier services are facilitated via an app-based marketplace platform. | |
| 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 FastBeetle
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of FastBeetle
The website of FastBeetle (fastbeetle.com) receives about 15.9K visits a month.
- Monthly visits15.9K
▲ 919.9% vs previous month
Top companies in Logistics Technology & Platforms
10 companies that operate in the same segment as FastBeetle (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 Fastbeetle
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Frequently Asked Questions about FastBeetle
FastBeetle was founded in 2018 and raised its 1st funding round 3 years after it was founded.
FastBeetle is headquartered in Srinagar, India. It is registered at Srinagar, Jammu And Kashmir, India.
Sheikh Sami Ullah is the current CEO of FastBeetle. They have also founded this company.
FastBeetle is a funded company, having raised a total of $303.07K across 4 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on May 2021.
The primary company behind FastBeetle, Fastbeetle Logistics Private Limited, reported revenue of ₹6.18 Cr for FY 2024, up 160% year on year.
FastBeetle is involved in offering courier and delivery solutions across India. The company operates in the logistics sector, focusing on door-to-door services for businesses and individuals. Packages, letters, and critical shipments are handled with an emphasis on safety and timeliness. On-demand delivery options are provided to meet time-sensitive needs, while transparent pricing and flexible scheduling are maintained to ensure customer convenience. Operations span various regions, connecting producers and consumers through efficient logistics networks.
FastBeetle offers Send Package and Airport Packages.
FastBeetle has 17 investors. Key investors include Nepra, KM Trans Logistics, Peyush Bansal, Aman Gupta, and Anuj Sharma.
The valuation of FastBeetle is $3M as of Jun 2023.
FastBeetle is associated with 2 legal entities: Fastbeetle Logistics Private Limited, Fastbeetle Services Llp.
The legal entities of FastBeetle currently have 3 directors, including Sheikh Sami Ullah, Abid Rashid Lone, Samiullah Sheikh.