What is Quickshift's core business?

Quickshift is a logistics provider that offers full-stack supply chain and fulfillment services to direct-to-consumer brands and e-commerce/quick commerce businesses.

How much funding has Quickshift raised so far?

Quickshift has raised a total of $3.7 crore across multiple funding rounds, with the latest round of $2.4 million led by Atomic Capital.

Where is Quickshift expanding its operations?

Quickshift plans to expand its operations to new cities like Hyderabad, Ahmedabad, and Lucknow, in addition to its current presence in Mumbai, Delhi, Bengaluru, Kolkata, Chennai, and Pune.

Home / Business and Economy / Quickshift Raises $2.4M to Expand AI-Driven Logistics Nationwide

Quickshift Raises $2.4M to Expand AI-Driven Logistics Nationwide

11 Nov

•

Summary

Quickshift secures $2.4M in funding to strengthen AI platform
Expanding operations to new cities like Hyderabad, Ahmedabad, Lucknow
Achieved 100% annual growth, with core business up 50% in past year

Quickshift Raises $2.4M to Expand AI-Driven Logistics Nationwide

In a significant development, Quickshift, a Pune-based logistics provider, has secured $2.4 million in funding to bolster its AI-driven supply chain and fulfillment services. The investment round was led by Atomic Capital, with participation from Axilor Ventures and other investors.

Quickshift, founded in 2018, has established itself as a leading player in the logistics space, catering to the needs of direct-to-consumer brands, e-commerce, and quick commerce businesses. The company's unique selling point lies in its leveraging of artificial intelligence (AI) to optimize its operations.

According to Anshul Goenka, the founder and CEO of Quickshift, the newly acquired funds will be deployed to strengthen the company's AI-powered fulfillment platform, bolster its leadership team, and expand its footprint to additional cities, including Hyderabad, Ahmedabad, and Lucknow. The platform currently operates in key hubs such as Mumbai, Delhi, Bengaluru, Kolkata, Chennai, and Pune.