About ParcelX
ParcelX is a company based in Delhi (India) founded in 2020 by Ayush Mendiratta and Gautam Arora. It operates as a SaaS (Software-as-a-Service), and Pay-per-Use / Usage-Based. ParcelX has raised $32.65 thousand across 1 funding round from investors including Kuldeep Kumar Shukla. The company has 22 employees as of April 07, 2024. ParcelX offers products and services including Shipping Platform, Express Delivery, and International Shipping. ParcelX operates in a competitive market with competitors including LetsTransport, FarEye, RoadCast, BikeNinja and AntsRoute, among others.
- Headquarter Delhi, India
- Employees 22 as on 07 Apr, 2024
- Founders Ayush Mendiratta, Gautam Arora
- 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
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- Legal Name Exyte Solutions Private Limited
- Date of Incorporation 04 Dec, 2020
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$1.15 M (USD)488.71as on Mar 31, 2023
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Net Profit
$-85.48 K (USD)-1812.64as on Mar 31, 2023
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EBITDA
$-79.42 K (USD)-1129.33as on Mar 31, 2023
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Total Equity Funding
$32.65 K (USD)
in 1 rounds
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Latest Funding Round
$32.65 K (USD), Angel Round
Dec 16, 2021
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Investors
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Employee Count
22
as on Apr 07, 2024
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Products & Services of ParcelX
ParcelX offers a comprehensive portfolio of products and services, including Shipping Platform, Express Delivery, and International Shipping. 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.
AI-based platform is used for streamlined shipping management.
Express delivery service is provided for urgent shipments.
International shipping solutions are offered for global reach.
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Funding Insights of ParcelX
ParcelX has successfully raised a total of $32.65K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $32.65 thousand completed in December 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Angel Round — $32,653
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First Round
First Round
(16 Dec 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Angel Round - ParcelX | Valuation | Kuldeep Kumar Shukla |
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| 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 ParcelX
ParcelX has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Kuldeep Kumar Shukla. 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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KK
Kuldeep Kumar Shukla |
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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 ParcelX
| 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 - ParcelX
| 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 |
Parcelx Comparisons
Competitors of ParcelX
ParcelX 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 LetsTransport, FarEye, RoadCast, BikeNinja and AntsRoute, 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 |
Platform offering customised logistic solutions to enterprises
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| domain | founded_year | HQ Location |
Last-mile delivery operations are managed through SaaS and AI solutions.
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| domain | founded_year | HQ Location |
Provider of vehicle telematics and fleet management solutions
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| domain | founded_year | HQ Location |
Provider of hyperlocal delivery services for businesses
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| domain | founded_year | HQ Location |
Cloud-based solutions for last-mile delivery management are provided.
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| domain | founded_year | HQ Location |
End-to-end software and hardware for last-mile delivery management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about ParcelX
When was ParcelX founded?
ParcelX was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is ParcelX located?
ParcelX is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is ParcelX a funded company?
ParcelX is a funded company, having raised a total of $32.65K across 1 funding round to date. The company's 1st funding round was a Angel Round of $32.65K, raised on Dec 16, 2021.
How many employees does ParcelX have?
As of Apr 07, 2024, the latest employee count at ParcelX is 22.
What is the annual revenue of ParcelX?
Annual revenue of ParcelX is $1.15M as on Mar 31, 2023.
What does ParcelX do?
ParcelX is established as an AI-driven platform designed to simplify end-to-end shipping processes for businesses. Logistics needs are managed through a single-window system that integrates multiple carriers, reducing time and costs. Solutions are provided for e-commerce retailers, marketplaces, enterprises, and fulfillment centers. Services such as express delivery, international shipping, and hyperlocal options are offered to cater to diverse customer requirements. The platform is utilized to enhance customer loyalty and business scalability with seamless logistics across India and globally.
Who are the top competitors of ParcelX?
ParcelX's top competitors include LetsTransport, FarEye and RoadCast.
What products or services does ParcelX offer?
ParcelX offers Shipping Platform, Express Delivery, and International Shipping.
Who are ParcelX's investors?
ParcelX has 1 investor. Key investors include Kuldeep Kumar Shukla.
What is ParcelX's valuation?
The valuation of ParcelX is $1.21M as of Dec 2021.
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