About Shifter
Shifter is a company based in Bengaluru (India) founded in 2014 was acquired by LetsTransport in June 2015.. Shifter operates in a competitive market with competitors including Infraprime Logistics Technologies, TruckBhejo, Logisure, TruckSumo and Turant Delivery, among others.
- Headquarter Bengaluru, India
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
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Social
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- Legal Name Instatruck Transportation Services Private Limited
- Date of Incorporation 02 Dec, 2014
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$0 (USD)-100as on Mar 31, 2017
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Net Profit
$-92.62 (USD)96.2as on Mar 31, 2017
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EBITDA
$0 (USD)100as on Mar 31, 2017
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
LetsTransport
(Jun 10, 2015)
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Funding Insights of Shifter
| 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 Shifter
Shifter has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include LetsTransport. 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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Platform offering customised logistic solutions to enterprises
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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 Shifter
| 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 - Shifter
| 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 |
Shifter Comparisons
Competitors of Shifter
Shifter 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 Infraprime Logistics Technologies, TruckBhejo, Logisure, TruckSumo and Turant Delivery, 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 |
Electric heavy-duty trucks are developed for logistics and construction sectors.
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| domain | founded_year | HQ Location |
Offers app-based marketplace for hiring mini trucks
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| domain | founded_year | HQ Location |
Provides intra-city B2B logistics services for efficient delivery solutions.
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| domain | founded_year | HQ Location |
Short-haul services are booked via an online marketplace platform.
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| domain | founded_year | HQ Location |
Serves as an aggregator platform connecting users with various logistics providers for efficient delivery solutions.
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| domain | founded_year | HQ Location |
Operates an online platform for booking minitrucks conveniently.
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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 Shifter
Frequently Asked Questions about Shifter
When was Shifter founded?
Shifter was founded in 2014.
Where is Shifter located?
Shifter is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
What does Shifter do?
Shifter was founded in 2014 in Bengaluru, India, as a logistics service focused on intra-city goods movement. Operations involve online or phone bookings for mini-truck deliveries, suitable for home appliances, furniture, or small relocations. Real-time GPS tracking and distance-based pricing are utilized, with optional packing materials and labor provided. The company was acquired by LetsTransport in June 2015.
Who are the top competitors of Shifter?
Shifter's top competitors include Infraprime Logistics Technologies, TruckBhejo and Logisure.
Who are Shifter's investors?
Shifter has 1 investor. Key investors include LetsTransport.