Revolutionizing Logistics with Fastbeetle

Fastbeetle is a startup that was founded in 2017 with the aim of revolutionizing the logistics industry. The company provides end-to-end logistics solutions to businesses, using technology to streamline the supply chain and provide a seamless experience for their customers.

Fastbeetle offers a range of logistics services, including freight forwarding, customs clearance, warehousing, and transportation. They specialize in international shipping and have a strong presence in Asia, with offices in India, Singapore, and China. The company also has a network of trusted partners around the world, allowing them to provide global coverage and support to their customers.

In addition to their logistics services, Fastbeetle also offers value-added services such as packaging and labeling, quality control inspections, and e-commerce fulfillment. These services are designed to help businesses improve their supply chain efficiency and reduce operational costs.

Mission of the startup

Fastbeetle is a startup that aims to revolutionize the logistics industry by providing innovative and efficient solutions to its customers. The company's mission is to make shipping and transportation faster, more reliable, and more affordable for businesses of all sizes.

One of Fastbeetle's primary goals is to streamline the shipping process for businesses by providing a simple, user-friendly platform for booking and tracking shipments. The company's online platform allows customers to quickly and easily book shipments, track packages in real-time, and manage their logistics needs all in one place. This saves time and reduces the risk of errors, making the process more efficient and reliable.

Fastbeetle is also committed to reducing the environmental impact of shipping and logistics. The company uses cutting-edge technology to optimize routes and reduce fuel consumption, minimizing the carbon footprint of each shipment. In addition, Fastbeetle is exploring new technologies like electric vehicles and drones to further reduce the environmental impact of shipping.

Finally, Fastbeetle aims to support small and medium-sized businesses by providing affordable shipping options that can help them compete with larger companies. The company's transparent pricing model and low rates make it easier for small businesses to manage their logistics costs and scale their operations.

Overall, Fastbeetle is focused on providing innovative, efficient, and affordable logistics solutions to businesses of all sizes while reducing the environmental impact of shipping.

Achievements of the startup

The company was founded in 2018 and since then, it has achieved several notable accomplishments.

• Rapid Growth: Fastbeetle has experienced rapid growth since its inception. The company has expanded its operations to multiple cities in India, including Bangalore, Chennai, Hyderabad, Mumbai, and Delhi. Fastbeetle has also partnered with several well-known brands, including Flipkart, Amazon, and Myntra.

• Innovative Solutions: Fastbeetle has developed several innovative solutions that have helped businesses improve their logistics operations. One such solution is its "Smart Logistics" system, which uses AI and machine learning algorithms to optimize logistics routes and reduce delivery times.

• Efficient Operations: Fastbeetle has built a reputation for its efficient operations. The company has a fleet of over 3,000 vehicles and employs over 4,000 people. Fastbeetle uses state-of-the-art technology to track shipments in real-time and provide customers with accurate delivery estimates.

• Award-Winning: Fastbeetle has won several awards for its innovative solutions and exceptional performance. The company was named "Logistics Startup of the Year" at the 2019 Logistics Asia Awards and was also recognized as a "Top 50 Logistics Startup" by SiliconIndia.

• Social Responsibility: Fastbeetle is committed to social responsibility and sustainability. The company has implemented several initiatives to reduce its carbon footprint, including using electric vehicles for last-mile deliveries and implementing a paperless office policy.

Funding on sharktanks

Fastbeetle, a startup, recently secured funding from Aman Gupta and Peyush Bansal, two prominent investors in the Indian startup scene. The startup requested Rs 90 lakhs in exchange for 3% equity, but after negotiations, the final investment amount was Rs 90 lakhs in exchange for 7.5% equity.

Securing funding is one of the biggest challenges for any startup, and Fastbeetle was able to do so with the help of Aman Gupta and Peyush Bansal. These two investors are known for their track record of backing successful startups, and their involvement in Fastbeetle is expected to provide the company with valuable guidance and mentorship.

The equity stake of 7.5% given to the investors indicates that they believe in the long-term potential of the company and its ability to generate significant returns on investment. This investment will also help Fastbeetle to accelerate its growth and expansion plans.

It is noteworthy that the negotiations between Fastbeetle and the investors resulted in an increased equity stake from the initial offer of 3%. This is a testament to the strength of the startup's business plan and the potential that the investors saw in the company.

Future Plans

FastBeetle has some exciting future plans in store. These include:

• Expanding to new cities: FastBeetle currently operates in Hyderabad, but the company has plans to expand to other cities in India. This will allow them to reach more customers and provide their services to a wider audience.

• Introducing new delivery options: FastBeetle is always looking for ways to improve its services. In the future, the company plans to introduce new delivery options, such as same-day delivery and scheduled delivery. This will provide customers with more flexibility and choice when it comes to receiving their packages.

• Developing new technology: FastBeetle is committed to staying at the forefront of logistics technology. The company plans to invest in new technologies that will improve their delivery times, increase efficiency, and reduce costs.

• Partnering with more businesses: FastBeetle currently works with a variety of businesses, including e-commerce platforms, retailers, and restaurants. In the future, the company plans to expand its partnerships and work with more businesses across different industries.

• Focusing on sustainability: FastBeetle is committed to reducing its environmental impact. The company plans to invest in eco-friendly vehicles, use renewable energy sources, and implement sustainable packaging solutions. This will help the company reduce its carbon footprint and contribute to a more sustainable future.