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FastBeetle Has Raised INR 90 lakhs for the equity of 7.5% from Shark Tank India season 2. Boat founder Aman Gupta and Lenskart founder Peyush Bansal invested in this startup. FastBeetle founders asked In Shark Tank India ₹90 Lakh For 3% Equity. Company Valuation is INR 12 crores.
Then Shark Aman’s Offer
₹20 Lakh for 4% Equity , ₹70 Lakh Debt @8% Interest, Valuation – ₹5 Crore
Shark Peyush’s Offer
₹90 lakh for 10% equity, valuation – ₹9 crore
Shark Anupam’s Offer
₹90 lakh for 10% equity, valuation – ₹9 crore
Shark Aman’s Revised Offer
₹90 lakh for 9% equity, valuation – ₹10 crore
Business Pitcher Counter Offer
₹90 lakh for 5% equity, valuation – ₹18 crore
Shark Aman’s & Shark Peyush’s Revised Offer
₹90 lakh for 9% equity, valuation – ₹10 crore
Business Pitcher Counter Offer
₹90 lakh for 7% equity, valuation – ₹12.86 crore
Shark Aman’s & Shark Peyush’s Revised Offer
₹90 lakh for 8% equity, valuation – ₹11.25 crore
Business Pitcher Counter Offer
₹90 lakh for 7.5% equity, valuation – ₹12 crore
Sharq Aman and Sharq Piyush finalize business pitcher deal for ₹90 lakh for 7.5% equity.
About FastBeetle
FastBeetle fastest logistics company from Jammu & Kashmir, took forward their courier idea by collaborating with the technology sector. Fastbeetle started its courier and logistics services from locally operated online and offline businesses and has grown as a successful business.
FastBeetle Business provides logistic service and makes every effort to assist customers in faster and faster package delivery. It also offers an opportunity for growth and welfare for local businesses and small-scale entrepreneurship.
Fast Beetle Business Founders – Sheikh Samiullah is the Chief Executive Officer, Co-Founder & CEO of Fast Beetle, and Abid Rashid is the Chief Technology Officer of Fast Beetle.
FastBeetle Business Statistics:
- A locally established startup from Srinagar in October 2019, FastBeetle emerged as the most reliable and fastest Courier & Logistics Company from Jammu & Kashmir.
- FastBeetle has delivered ₹1,000,000,00 + orders.
- Fast beetles make sales of ₹ 25 to ₹ 30 lakhs. Their projected sales in FY 22 -23 is ₹3 crore. Fast Beetle Gross Margin is 54 percent.
- A locally established startup from Srinagar in October 2019, FastBeetle emerged as the most reliable and fastest Courier & Logistics Company from Jammu & Kashmir.
- FastBeetle has delivered over ₹10 Lakh orders.
- Fast Beetle has helped over 1200 businesses.
- Fast Beetle has been delivered to more than 55 countries.
- 30 to 40 thousand deliveries are done daily, out of which fast beetles do 3 to 4 thousand deliveries.
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Problem Solved by FastBeetle
The purpose of business’s fastest logistics company is not limited to business; It is dynamic about self-reliance. Especially for locally run chains by women who face difficulties in serving customers, FastBeetle provides an opportunity for them. FastBeetle is positioned to be a gateway to meet business requirements in a very reliable and fast environment.
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