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.
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.
People of ParcelX
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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 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.
Investors in ParcelX
ParcelX has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Kuldeep Kumar Shukla.
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Investor details for ParcelX
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Investments & Acquisitions by ParcelX
Investment portfolio details for ParcelX
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Financial Statements - ParcelX
Detailed financials for ParcelX
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Parcelx Comparisons
Peer comparison for ParcelX
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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.
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Platform offering customised logistic solutions to enterprises
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Last-mile delivery operations are managed through SaaS and AI solutions.
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Provider of vehicle telematics and fleet management solutions
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Provider of hyperlocal delivery services for businesses
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Cloud-based solutions for last-mile delivery management are provided.
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End-to-end software and hardware for last-mile delivery management are provided.
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Detailed competitors of ParcelX
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Latest news on Parcelx
Complete news archive for ParcelX
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Frequently Asked Questions about ParcelX
ParcelX was founded in 2020 and raised its 1st funding round 1 year after it was founded.
ParcelX is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
ParcelX is a funded company, having raised a total of $32.65K across 1 funding round to date.
As of Apr 07, 2024, the latest employee count at ParcelX is 22.
Annual revenue of ParcelX is $1.15M as on Mar 31, 2023.
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.
ParcelX's top competitors include LetsTransport, FarEye and RoadCast.
ParcelX offers Shipping Platform, Express Delivery, and International Shipping.
ParcelX has 1 investor. Key investors include Kuldeep Kumar Shukla.
The valuation of ParcelX is $1.21M as of Dec 2021.