Baggage delivery firm CarterX raises funds from Venture Catalysts


New Delhi, Jun 4 (IANS): On-demand baggage delivery platform CarterX on Friday said it has secured an undisclosed seed-round from Venture Catalysts.

Other co-investors that participated in the round included Mumbai Angel Network and JPIN, along with angel investors like Swati Mehra and Nikhil Vora, founders of Sixth Sense Ventures.

Founded by Ramya Reddy and Harsha Vardhan in 2017, CarterX allows passengers to book, move, and track their baggages on any device.

"This fund raise round will aide CarterX to forge more alliances with VCATs and scale across more airports to offer a host of airport services under one platform to penetrate deeper into the market," said Vardhan, CEO of CarterX.

The company said it makes sure that each baggage is sanitised, tracked and transported anywhere in India to the airports they service.

With over 1 lakh orders completed, the brand aims partner with more airlines' and airports' in the next few months.

The funding comes at a time when Delhi and Mumbai airports contribute 190 million passengers every year and the market for add-on services is about Rs 11,000 crore at just four major airports (Delhi, Bengaluru, Mumbai, and Hyderabad).

"The idea of unfussy transfer (to and from the airport) of baggage will revolutionise the travel logistics industry and allow passengers to experience the new age of travelling from the first seat," said Anuj Golecha, Co-Founder, Venture Catalysts.

Venture Catalysts is India's first integrated incubator. It invests $250,000-$1.5 million in early-stage startups that have the potential to create enduring value for a long time.

  

Top Stories


Leave a Comment

Title: Baggage delivery firm CarterX raises funds from Venture Catalysts



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.