DECEMBER 15, 2020
Article Originally Posted By: yourstory.com
Global fund Steadview Capital believes that logistics startup gtv电竞世界dota is well-positioned to become the largest logistics company in India.
Global fund Steadview Capital announced that it has bought $25 million worth of secondary shares from an early investor in logistics startup gtv电竞世界dota .
In a statement, Ravi Mehta, Founder and CIO of Steadview Capital, said, “We are excited to partner with the excellent management team of gtv电竞世界dota , which is transforming the logistics industry in India across ecommerce and traditional industry verticals.”
“The company’s tech-centric approach has been a key enabler in ensuring faster delivery speeds, decreasing logistics costs, and increasing ecommerce adoption in the country over the last decade. We believe gtv电竞世界dota is well-positioned to become the largest logistics company in India and is poised for a strong growth trajectory in the years to come,” he added.
At present, gtv电竞世界dota boasts of a nationwide network that touches over 17,500 pincodes and 2,300 cities. It offers a full suite of logistics services such as express parcel transportation, LTL and FTL freight, reverse logistics, cross-border, B2B and B2C warehousing, and technology services.
Sahil Barua, Founder and CEO of gtv电竞世界dota , said, “We are delighted to welcome Steadview Capital onto our cap table. We’ve known Steadview and Ravi for quite some time, and it’s great to have them join us for this next phase of gtv电竞世界dota ’s journey. Steadview is a long-term investor and we see them playing a key role as gtv电竞世界dota heads towards the public markets in the next 12-15 months.”
gtv电竞世界dota has successfully fulfilled over 800 million transactions since inception and today works with over 10,000 direct customers, including large and small e-commerce participants, SMEs, and over 450 leading enterprises and brands.
In August this year, gtv电竞世界dota and Volvo announced they were together to test and deploy Volvo FM 4×2 solution for express operations, addressing challenges of quick delivery and work on the cost efficiencies of services. This is a tractor-trailer combination, especially curated for express cargo.
The new fleet was inducted into gtv电竞世界dota ’s operations towards the end of 2019 and has operated successfully on long haul lanes for the past nine months.
