India: Ravi Gururaj’s QikPod raising $9m from Accel, Foxconn, Flipkart, Delhivery

Ravi Gururaj, founder, QikPod

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.

Foxconn, known for making Apple Inc.’s iPhones and iPads, recently approved partnership with Chinese smartphone maker OnePlus and computer hardware, electronics and smartphone maker Asus India.

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.

Also Read: 

India: Blue Dart introduces locker service for e-commerce packages

East Ventures invests in Indonesian delivery venture Popbox

Cyber security firm Tenable raising $250m Series B led by Insight Venture, Accel

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.