QikPod, a startup that offers locker services to courier and e-commerce companies, is raising $9 million (Rs 60 crore) from Foxconn, Accel Partners, Flipkart and Delhivery, according to a Times of India report citing the company’s founder.
Founded by Ravi Gururaj, a serial entrepreneur, QikPod is a network of parcel delivery lockers and is ready to go live. An MBA from Harvard Business School, Gururaj has founded a total of six technologies ventures including QikPod.
“QikPod is setting up a network of fully automated, self-serve lockers in residential complexes, office compounds, cafes and kirana stores across the country, starting from Bangalore, to ease the delivery process for online retailers,” Gururaj told TOI.
The startups plans to install 50,000 lockers across the country which can be set up in varying sizes. The service is currently free to consumers as well as for locations and sites that wish to install and host a locker, as per the report.
Venture capital firm Accel Partners’ recent investments include Mubble Networks Pvt Ltd, a start-up that helps smartphone users track their spending on calls, SMSes and mobile data; Mumbai-based B2B marketplace for industrial goods Bizongo and others.
Gurgaon-based Delhivery, run by SSN Logistics Pvt Ltd, raised $85 million in Series D round of funding in May this year. The company has invested in slew of startups along with other co-investors including logistics services provider Parcelled, Bangalore-based hyperlocal delivery startup Opinio among others.
Online marketplace Flipkart is also in talks to invest in four firms including maps provider MapmyIndia as the company seeks to improve its supply chain efficiency.