Fuelled by fresh funding, delivery outfit Genie is back on Chennai’s roads

Our Bureau Chennai | Updated on January 11, 2018

(from left) Parth R Shah, Rakesh Mani and Sreekesh Krishnan, Co-Founders of Genie, at a press briefing in Chennai - Photo: Bijoy Ghosh

Do you have a bouquet to be delivered or want a lunch box dropped off at office? Use Genie, Chennai-based logistics service provider, which uses two-wheelers. The company, which had shut shop in March on lack of funding, has resumed its pick-up-and-delivery service.

Co-founded by Rakesh Mani, Sreekesh Krishnan and Parth Shah, all in their 20s, the outfit has raised $250,000 from high networth individuals in the city and in Dubai. They did not disclose investors’ names.

Genie is a chat-based platform with no minimum order or distance restriction. An order can be placed from 20-40 minutes ahead of the pick-up time up to seven days. It can be used to collect medicines, cheques and documents, grocery, medical reports and so on, Krishnan told newspersons.The company is currently working with nearly 150 clients, including Kolapasi, Cake Walk, Shree Mithai, Green Gobin, Patanjali, Ferns n Petals, Zahana and Gold Winner, he said.Genie has around 25 delivery boys and plans to increase the corps to 60 in the next four months. Every day, around 300 pick-up and deliveries are done across Chennai, said Mani.

The company charges a convenience fee, averaging around around ₹60.

Of this, 85 per cent goes to the delivery boys and the rest to the company. “Our idea is to create many micro-entrepreneurs in the form of delivery boys,” he said.

For high-value articles, customers have the choice of taking insurance, too.

Genie takes care of the liability if something happens to the parcel, said Krishnan.

Published on May 15, 2017

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like