FastBeetle’s J&K-based logistics startup races ahead, raises undisclosed fund at USD 3 million valuation - ThePrint

Jammu and Kashmir-based digital logistics platform FastBeetle has secured an undisclosed sum in a pre-series A funding round, valuing the company at $3m. The round was led by KM Trans Group and incubator Alsisar Impact. FastBeetle intends to use the funding to invest in artificial intelligence, machine learning and data analytics. Founded in 2019, the company has established warehouses and delivery centres across Jammu and Kashmir and forged partnerships with more than 1,500 businesses. The platform previously secured funding from angel investors in 2019, according to LinkedIn. 

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