2021
Chennai (India)
Seed
Fullfily is a fast-growing Indian logistics company specializing in sustainable, electric vehicle (EV)-powered delivery solutions.The company focuses on last-mile and middle-mile logistics for both B2B and B2C clients. Its core industry spans transport, logistics, supply chain, and warehousing, with a strong emphasis on reducing carbon emissions and logistics costs through a full-stack EV-as-a-service model.
EV-powered delivery (last-mile & middle-mile)
Fleet rental and EV infrastructure (charging, battery swapping)
Tech platform for order management, tracking, payments
Managed fleet 1,000+ vehicles; adding 200/month
Revenue from subscriptions, per-order fees, fleet rentals, infrastructure services
$100K monthly recurring revenue (2023), targeting $1.5M/month within 12 months
Majority revenue from B2B (e-commerce, retail, food delivery), growing B2C
Key clients: Amazon, Flipkart, Zomato, Big Basket
Strategic partnerships: long-term contracts, joint ventures with e-commerce/food delivery majors
Client concentration risk present: diversification via new partners and cities
Growth: Expand fleet to 2,500 vehicles, enter more cities, scale EV infrastructure
Risks: Regulatory changes, macroeconomic factors, tech disruption
Focus: Multi-fold revenue growth, tech investment, profitable scaling
$1.78 Million
4
$98.3 K, Seed
as of April 18, 2024
$6.54 Million
as of April 18, 2024
3.67×
as of April 18, 2024
LetsVenture
and 4 more34
Parkobot
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
April 18, 2024 | Seed | $98.3 K | $6.5 Million | - | - | She1K |
July 8, 2023 | Seed | Seed | - | - | - | TNIFMC, SOSV, Accelerating Asia, 888vc, LetsVenture, Fateh Stones International, Angel List, Opencanvas |
November 16, 2022 | Seed | $179.0 K | $4.7 Million | $261.0 K | - | Orbit Startups, SOSV |
February 26, 2022 | Seed | $59.8 K | $2.0 Million | - | - | Asset On Cloud Solutions |