Mumbai-based ethnic etailer, Craftsvilla, has acquired Mumbai-based on-demand shipping service provider startup Sendd for about $4.5 Mn. Sendd was founded by Nav Agrawal (IIT Bombay dropout), Sumeet Wadhwa (IIT Bombay Alumni) and Sargun Singh (IIT Bombay Alumni) in April 2015.  Sendd is an on-demand shipping services startup, allowing users to send parcels. The company had launched its B2C product in April and had later pivoted to B2B in August 2015. Sendd had its services in Mumbai and was enabling over 1,500 orders a day with average ticket size being INR 160, before getting acquired.

It had employee base of about 150 (50 – white collar, 100 blue collar employees) and post acquisition, core team (20-30 employees) consisting of founders and core team will be joining Craftsvilla. The startup had raised half a million in funding from Kae Capital in two rounds i.e. seed and bridge before getting acquired. As a part of the deal, Kae will get a small stake in Craftsvilla.

About Craftsvilla

Craftsvilla was founded by Manoj and Monica Gupta in 2011. It counts Sequoia India, Lightspeed Venture Partners, Nexus Venture Partners, Global Founders Capital and Apoletto among its investors.

Did You Know???

Ecommerce firms have been seen active in investing to strengthen their logistics capabilities. Flipkart has invested about $98 Mn in its logistics arm Ekart. Last year, Paytm had invested $10 Mn in logistics analytics startup – LogiNext, and in October, Snapdeal had announced investment of $20 Mn logistics startup GoJavas.