Qlivery raises $230,000 from Hong Kong-based swastika

Qlivery, a cross segment on-demand concierge service, has raised $230,000 from Hong Kong-based Swastika. “Funds raised will be utilised to expand the team, geographical reach and add customers. The team believes technology and analytics is the heart of the business and thus, a substantial amount of the current fund-raise will be used to improve the technology stack, including implementation of artificial intelligence,” said Rohit Pansari, Co-Founder, Qlivery.

Customers can delegate daily tasks such as taking out photocopies, depositing cheques in banks, booking movie tickets, equipment repairs, etc., to Qlivery and can expect it to be completed within 90 minutes. The startup is also in talks to raise around $4 million in its pre-series-A round.

“Modern trade as an industry is approximated at $60 billion, which is only 10% of the total retail market in India. Consumer’s desire for comfort driven by income growth, urbanisation and attitudinal shifts is going to propel this industry. We believe in the solution that team Qlivery has come up with,” said Vaibhav Jain, Director at Swastika.

Source: The Economic Times