Last-mile enabler Exprs raises Rs 4.5 cr in seed funding led by Sweta Rau and Sandeep Kapoor

August 26, 2020: The Hyderabad-based last-mile logistics firm Exprs has raised Rs 4.5 crore in seed funding led by angel investors Sweta Rau and Sandeep Kapoor, along with LetsVenture, AngelList and DCF Advisory.

The company works with e-commerce and third-party logistics firms, enables last yard deliveries from campus gates to customer doorsteps and helps them improve efficiency and save costs.

The company recently collaborated with a leading e-commerce marketplace, helping them to save over 20 percent on last-mile delivery expenses.

Sandeep Kapoor, founder and MD, Algo Legal, an investor in Exprs, said, “The most complex part of delivery logistics is usually the last-mile delivery. It’s great to see that Exprs is seeking to solve this problem with an innovative approach, using the right smart technologies and driving process improvement strategy.”

Exprs is now looking to set up over 500 nano distribution hubs for e-commerce deliveries in large apartment complexes and tech parks across India in the next six months.

Srinivas Madhavam, founder and chief executive officer, Exprs, said “The last-mile takes 50 percent of the overall logistics cost because of multiple inefficiencies. All the deliveries come to kiosks within large gated communities and tech parks and then we micro distribute them. We’ve established 70 such points across Bengaluru, Mumbai, Hyderabad and Chennai. ”