Hyperlocal delivery startup Genie raised Rs 1.6 crore

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Wednesday, May 17, 2017

Hyperlocal delivery startup Genie raised Rs 1.6 crore

Chennai-based hyperlocal delivery and logistics startup Genie has raised $250,000 (around Rs 1.6 crore) from various investors. The company said it will focus on attaining scale and being operationally profitable in a year along with creating supplementary products and sources of income.



Also read: Delivery startup Genie to shut down

Rakesh Mani, co-founder of Genie said, With the investment, we are going to try solving the last-mile logistics problem with a lot more courage. The amount of love we have received even after we ceased operations was incredible. We have been able to garner great traction in a city like Chennai, which is known to be one of the most conservative markets in the country.

Customers can use Genie for getting grocery, medicines and food from restaurants; collecting cheques and documents; as well as picking lunch from home to office, among others. Genie charges a convenience fee for the pick-up and drop.

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