Exprs raised Rs 4.5 cr in seed funding
Last-mile logistics firm Exprs has raised Rs 4.5 cr in seed funding, led by angel investors Sweta Rau and Sandeep Kapoor, along with participation from LetsVenture, AngelList and DCF Advisory.
Exprs, which works with leading e-commerce and third-party logistics firms, enables last yard deliveries from campus gates to customer doorsteps, helping them improve efficiency and save costs.
“Last mile takes 50% 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,” said Srinivas Madhavam, Founder and CEO