/ -- Logistics Tech company MovingNow raises angel funding from a set of investors listed on Startuplanes. This was led by a couple of big ticket individual investments from NRIs giving them the honour of receiving FDI in the angel round. MovingNow has introduced a unique pricing algorithm for their B2C business which they have filed for patent that makes it simple for the users to place moving orders on the website. While B2B business is conducted on the mobile application on Demand/Supply mechanism.
Most of the funds would be utilized to expand into new geographies in India. This would result in hiring additional staff and improve upon technology to correlate with the growing bandwidth.
Founding CEO of MovingNow.in Manish Datta says, "Logistics must be simple. We at MovingNow, inspired by the optimism of the internet era proudly take credit to be the pioneers in developing end-to-end online logistics solution using cutting-edge technology, right from the survey of your goods to the quote generation and payment facilitation to last mile delivery providing faster and accurate TAT, on-time delivery, real-time visibility and tracking."
CEO of Startuplanes, Shishir Gupta says, "MovingNow is disrupting the logistics space through cutting-edge technology. I recommended Manish to immediately file the patent when I first heard the innovation that MovingNow has brought in. It is certainly a promising Startup that is rapidly growing."
Disrupting the relocation and freight space with smart technology
MovingNow CTO Ashok adds, "The traditional trucking and transportation businesses listed on our platform have reaped immense benefits from the technological wave created by MovingNow. Going forward, a significant part of our platform would run on Blockchain technology that is under development currently with us."
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