Mostly aiming at online grocery stores, physical stores, pharmacies, and individual consumers, FastBeetle is a logistics business with door-to–door delivery services. Established in 2019, it runs across several nations and by 2023 will have made around a million deliveries. With an eye on quick and dependable service, the company’s service is meant to simplify the delivery process by providing an effective last-mile delivery solution. From local companies to e-commerce, FastBeetle seeks to offer customised logistics solutions that can fit a range of industries.
Company Name: FastBeetle
Founder: Sheikh Samiullah and Abid Rashid
Product: Delivery Service in Kashmir
Highlights
1. Mostly for e-commerce, supermarkets, pharmacies, and retail businesses, last-mile delivery focusses in effective door-to–door delivery.
2. Fast Growth: Over 1 million deliveries by 2023 point to operational success and a robust market demand.
3. Globally Expanding: conducts business in other nations to serve clients from elsewhere than India.
4. Customised Solutions: Offers tailored logistics solutions for several sectors, therefore improving the range of products they may present.
5. Founded in 2019, the start-up has rapidly expanded its activities to show robust business development in a short span.
6. Tech-driven probably uses technology to maximise delivery paths, increase efficiency, and guarantee dependability of service.
Pitch Details
Ask: ₹90 lakhs for 3% equity, valuing the company at ₹30 crores.
Deal: After negotiation Aman Gupta and Peyush Bansal finished the deal at ₹90 Lakhs for 7.5% Equity
Investors: The investment came from Aman Gupta and Peyush Bansal.
Conclusion
Having made over a million deliveries and international expansion, FastBeetle on Shark Tank India Season 2 presented a strong logistics firm with outstanding growth. The founders underlined their door-to-door delivery systems catered for different industries, including retail and e-commerce. The Sharks were drawn to this somewhat young company because of its fast growth and solid financial plan. FastBeetle’s promise was greatly endorsed when it locked an investment of ₹90 lakhs for 7.5% equity. FastBeetle is positioned to scale more and hone its logistical solutions with the Sharks’ support.
Key Takeaways from the Episode
1. Original products draw investor attention.
2. Investment depends on a strong, well defined business model.
3. A pitch should be compelling in emphasising the resolution of a genuine issue.
4. Valuation Understanding: Clearly defend the valuation of your business.
5. Investor Alignment: Select those whose knowledge fits your company requirements.
