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Logistics-tech startup CarterX raises capital from Mumbai Angels

Logistics-tech startup CarterX raises capital from Mumbai Angels
Photo Credit: Photo Credit: Pixabay
26 Apr, 2019

Bengaluru-based CarterX, which runs a technology-based logistics platform for travelers, has secured an undisclosed sum from Mumbai Angels Network.

The startup will use the money to scale operations, expand to new locations, develop more partnerships with airlines, and promote the brand, the company said in a statement.

Founded in 2017 by Harshavardhan N and Ramya Reddy N, CarterX’s app offers luggage transfer and airport assistance to and from the airport. Passengers can check in bags from home and travel to and from the airport without their baggage.

“We aim to improve the customer experience by taking the logistical strain away from the airlines and airports and ease the hassle of luggage transport, bag drop and check-in for travelers,” Harshavardhan said.

Run by CarterPorter Pvt. Ltd, the startup caters to both business-to-business and business-to-consumer segments with three services – doorstep pick-up and delivery, baggage check-in, and mishandled luggage. The personalised service allows users to track their bag, travel hassle-free, and provides 24/7 support, with complimentary insurance.

“We see businesses enabling tech in the Indian consumer sector to be a strong space to invest and are excited to welcome CarterX to the growing MA Network portfolio,” said Nandini Mansinghka, chief executive and managing director of Mumbai Angels Network.

“The travel sector is expanding rapidly and it’s clear that consumers are willing to pay a little extra for convenience. The multifaceted solution that CarterX offers solves a huge problem for frequent fliers and for the airports as well, where they help airlines manage mishandled baggage,” said Adhvith Dhuddu, lead investor at Mumbai Angels.

Deals in the segment

  • April 2019: Business-to-business technology-logistics startup BlackBuck raised $36.07 million (Rs 249.78 crore) led by venture capital firm Accel.
  • March 2019: Logistics-technology startup Transport Hub secured Rs 3.5 crore (around $500,000) in a seed funding from a clutch of high-net-worth individuals (HNIs).
  • February 2019: B2B logistics startup Shadowfax said it will enter China to facilitate cross-border logistics for e-commerce players in both countries.
  • February 2019: Xpressbees, the Alibaba Group-backed e-commerce logistics company, raised Rs 35 crore ($5 million) in venture debt from InnoVen Capital.

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