About FastBeetle
FastBeetle is a company based in Srinagar (India) founded in 2018 by Sheikh Sami Ullah and Abid Rashid. It operates as a On-Demand Services, and Pay-per-Use / Usage-Based. FastBeetle has raised $303.07 thousand across 4 funding rounds from investors including Nepra, KM Trans Logistics and Peyush Bansal. FastBeetle offers products and services including Send Package and Airport Packages. FastBeetle operates in a competitive market with competitors including Speedbox, BookMyPacket, Hipship, Sendd and Coreyo, among others.
- Headquarter Srinagar, India
- Founders Sheikh Sami Ullah, Abid Rashid
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fastbeetle Logistics Private Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$303.07 K (USD)
in 4 rounds
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Latest Funding Round
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Investors
Nepra
& 16 more
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Employee Count
Employee Count
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Products & Services of FastBeetle
FastBeetle offers a comprehensive portfolio of products and services, including Send Package and Airport Packages. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Packages are delivered with speed and reliability ensured.
Airport packages are handled with urgent delivery focus.
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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 Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(07 May 2021)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - FastBeetle | Valuation |
investors |
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| Jan, 2023 | Amount | Angel Round - FastBeetle | Valuation | Peyush Bansal , Aman Gupta |
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| Dec, 2021 | Amount | Seed - FastBeetle | Valuation | Nepra |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Delivers comprehensive logistics and transportation solutions for businesses.
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Founded Year | Domain | Location | |
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Provides solutions for the collection, segregation, processing, and recycling of municipal dry waste
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Founded Year | Domain | Location | |
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PB
Peyush Bansal |
Founder of Lenskart, prominent angel investor, Shark Tank India judge
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FastBeetle
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FastBeetle
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fastbeetle Comparisons
Competitors of FastBeetle
FastBeetle 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 Speedbox, BookMyPacket, Hipship, Sendd and Coreyo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Delivery management solutions for logistics companies are provided by Speedbox.
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| domain | founded_year | HQ Location |
Online booking platform for parcel and cargo delivery services
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| domain | founded_year | HQ Location |
Multi-carrier delivery orchestration platform is provided for logistics integration.
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| domain | founded_year | HQ Location |
International goods shipping is enabled via a mobile-first marketplace.
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| domain | founded_year | HQ Location |
Courier services are facilitated via an app-based marketplace platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fastbeetle
Frequently Asked Questions about FastBeetle
When was FastBeetle founded?
FastBeetle was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is FastBeetle located?
FastBeetle is headquartered in Srinagar, India. It is registered at Srinagar, Jammu And Kashmir, India.
Who is the current CEO of FastBeetle?
Sheikh Sami Ullah is the current CEO of FastBeetle. They have also founded this company.
Is FastBeetle a funded 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 $92.14K, raised on May 07, 2021.
What does FastBeetle do?
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.
Who are the top competitors of FastBeetle?
What products or services does FastBeetle offer?
FastBeetle offers Send Package and Airport Packages.
Who are FastBeetle's investors?
FastBeetle has 17 investors. Key investors include Nepra, KM Trans Logistics, Peyush Bansal, Aman Gupta, and Anuj Sharma.
What is FastBeetle's valuation?
The valuation of FastBeetle is $3M as of Jun 2023.