17 March, 2016, Gurgaon: In its recent round of funding, Qlivery has acquired funding of US $230K from Hong Kong based Swastika. “Funds raised will be utilised to expand the team, geographical reach and add customers. The team believes technology and analytics is the heart of the business and thus, a substantial amount of the current fund-raise will be used to improve the technology stack, including implementation of artificial intelligence,” said Rohit Pansari, Co-Founder, Qlivery.
The company deals in helping its customers in their routine jobs such as photocopies, depositing cheques in banks, booking movie tickets, equipment repairs, etc. Qlivery takes around 90 minutes to complete above tasks. It is also planning to raise around US $4 million funding in its pre-series A round.
“Modern trade as an industry is approximated at $60 billion, which is only 10% of the total retail market in India. Consumer’s desire for comfort driven by income growth, urbanisation and attitudinal shifts is going to propel this industry. We believe in the solution that team Qlivery has come up with,” said Vaibhav Jain, Director, Swastika.