All-Woman Hyperlocal Delivery Startup Raises Seed Funding
Hey Deedee, an all-woman last-mile logistics services startup, raised a pre-seed funding of nearly Rs 3.3 crore ($500,000) from Metaform Ventures LLC, an early stage investor, the company said in a statement.
The startup said the funds will be used to expand its footprint to 10 cities from four this year, without putting a timeline on it. A part of the investment will be used to build the technology infrastructure.
Founded in 2016, Hey Deedee provides logistics solutions to e-commerce companies for their last-mile delivery. The startup trains women from less priviledged socio-economic backgrounds to ride two-wheelers and employs them as last-mile delivery executives. It also helps them to avail loans for two-wheelers.
The company has over 62 riders across Mumbai, Bengaluru, Nagpur and Pune while another 2,000 women have registered themselves. It aims to train and employ 10,000 women this year.
Amazon, Shadowfax, Subway, Ecom Express, Godrej Nature’s Basket and Birdy’s are among its key clients.