J&K-based logistics firm FastBeetle was recently featured on Shark Tank India Season 2, find out more about the firm and how much investment it got on the show along with the owner
The second season of the business reality television program Shark Tank India began airing its episodes on January 2nd. These past two weeks have seen some ground-breaking and creative pitching of tales on the show from various places.
With their inspiring travel pitch for FastBeetle, a logistics and courier firm, the Kashmiri beetles will steal the show this week.
Since it is difficult to start a tech company in Jammu & Kashmir, where socio-political unrest has persisted for a long time, and because of the state’s challenging geography, unfavorable climate, and frequent internet outages, this startup not only offers the Kashmir valley a ray of hope but also the entire nation.
FastBeetle Courier in Shark Tank India owner, revenue, valuation, deal, net worth
So, let’s find out everything about it and its Shark Tank India journey:
More about FastBeetle
By working with the technology industry, Jammu and Kashmir’s FastBeetle quickest logistics firm advanced its courier concept. In May 2019, it began offering courier and logistics services through locally owned online and offline businesses, and it has since become a prosperous company.
It offers logistical support and works hard to provide clients with ever-quicker shipment delivery. Additionally, it provides a chance for local enterprises and small-scale entrepreneurs to expand and prosper.
Its founders are Sheikh Samiullah and Abid Rashid. Samiullah is also the company’s chief executive officer whereas Rashid is its chief technology officer.
FastBeetle has quickly established itself as Jammu and Kashmir’s most dependable and efficient courier and logistics company. Over 10 lakh orders have been fulfilled thus far, with 30 to 40 thousand deliveries made every day, of which 3 to 4 thousand are made by fast beetles.
It has also been distributed to more than 55 countries and assisted more than 1200 enterprises.
Their experience in Shark Tank India 2
In Shark Tank India, the founders of FastBeetle requested Rs. 90 lakhs for 3% equity with a company valuation of 12 crores. However, it received Rs. 90 lakhs for 7.5% equity on the show. This business received funding from Lenskart founder Peyush Bansal and Boat founder Aman Gupta.
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