Hipship raises seed funding from Inara Capital
Bangalore-based Hipship, an online logistics aggregator that enables home pickups for express delivery, has raised an undisclosed amount of funding from Inara Capital and a consortium led by Scootsy founder Rishi Khiani. The startup will use its first round of institutional funding to grow operations and boost its technology infrastructure, Hipship Online Service Pvt Ltd said in a press release.
“I see a huge potential for delivery services in India. Nobody has the time or patience these days to deal with delays or damages to their parcels/documents,” said Rishi Khiani, the Founder and CEO of Scootsy, in a statement.
Founded in 2013 by Ankit Sethia, Hipship, is a logistics startup that offers door-to-door pickup and delivery for customers and SMEs across the country and also claims to offers service in over 90,000 pincodes across India. Hipship, which went live in July 2014, has tied up with Aramex, Blue Dart and FedEx to offer services to individual customers and small and medium enterprises. Currently a web-only service, the company will launch a mobile app by January 2016.
The company currently has 10 employees and plans to add 50 more by the middle of 2016. Given the outdated transport policies and lack of infrastructural automation in India, Hipship chose to address the problem of last mile pickup and drop of packages rather than disrupt the overall logistics space.