# Deliveryontime Logistics Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deliveryontime-logistics-private

- Industry: Logistics & Distribution
- Headquarters: Bangalore, India
- Website: www.bizlog.in
- Total disclosed funding: $0.8M
- Latest round: Series A (Oct 13, 2021)
- Investors on record: 4

## About

Deliveryontime Logistics Private Limited is a reverse logistics company that specializes in managing product returns and related services across various sectors, ensuring efficient handling of diverse goods.Founded in 2016 and headquartered in Bangalore, India, Deliveryontime Logistics operates as a reverse logistics firm focused on optimizing product returns. The company has conducted two deals to date, with its most recent funding round being a Series A, raising INR 59.76 mn on October 13, 2021, from investors including Haystack Ventures and Manipal Media Networks. The co-founders, H Srinivasan, Krishnan Rajan, and Shunmugam Velappan, bring extensive experience to the company, with H Srinivasan serving as the CEO.Deliveryontime Logistics provides comprehensive reverse logistics services, including returns management, waste management, and relocation management. Their solutions are designed to streamline the reverse flow of products, catering to a variety of industries such as medical equipment, apparel, and electronics. The firm serves multiple sectors including B2B, B2C, C2B, and C2C, focusing on optimizing logistics processes for effective handling of returns and compliance with industry standards.In 2022, Deliveryontime Logistics reported revenue of INR 1,469,595.5 and an EBITDA of -INR 467,399.1, reflecting the company's financial performance amidst its operational endeavors in the logistics sector.The firm aims to launch new product offerings that enhance their logistics capabilities, with specific details on release dates yet to be announced. Additionally, they plan to expand their operations into new geographic markets, targeting areas beyond their current presence in India. The funds raised during the Series A round will likely support these initiatives, allowing Deliveryontime Logistics to further strengthen its service offerings and operational reach.

## Funding rounds

- Series A, Oct 13, 2021, $0.8M — Indian Angel Network, IIMA Ventures, Haystack, Manipal Media Networks

## Investors

- Indian Angel Network (https://capitalatlas.ai/funds/indian-angel-network) — Series A
- IIMA Ventures (https://capitalatlas.ai/funds/iima-ventures) — Series A
- Haystack (https://capitalatlas.ai/funds/haystack) — Series A
- Manipal Media Networks — Series A