Deal Corner December 02, 2015
QikPod raises funding from Accel Partners, Flipkart, Delhivery and Foxconn Mobile
LeapMile Logistics Private Limited (“QikPod”) along-with its founder and CEO Ravi Gururaj, has entered into definitive documents to raise USD 9 (Nine) million from Accel Partners, Flipkart, Delhivery and Foxconn Mobile.
QikPod is a simple, convenient and secure cloud-enabled, IoT (Internet-of-Things) product and service company, which will look to set up a network of fully-automated, self-serve and smart lockers will help reduce the hassle of re-delivering couriers when customers are not physically present.
Ravi Gururaj, a serial entrepreneur is a well-known presence in the Indian start up network, has co-founded, mentored and advised several startups and is currently the chair of the NASSCOM Product Council as well as a member of the NASSCOM Executive Council.
We, at Nishith Desai Associates, acted as legal counsel to Ravi Guruaj and QikPod for this investment.