‘Minimum Order Amount’, ‘Maximum Delivery Area’, and ‘Delivery Time’, those terms are very familiar to each person who often orders meals, however what if you were told that these phrases are now not required on the subject of home delivery of now not simplest food but almost the whole lot deliverable. What in case you are ill and want to get your remedy? Do you walk all of the way to the chemist or could you love to get it added in your region? The 2d option sounds a little off course, however that is now feasible. With VDeliver, you could get some thing from food and groceries to even drug treatments delivered at the doorstep.
Sensing the need to deliver without any regulations, Chennai-based VDeliver with the tagline ‘something, everywhere, every time’ turned into launched in April 2011. It is a hyper neighborhood logistics carrier which serves 50+ businesses throughout diverse industries and its principal clients consist of a few massive names like Titan Eye+, Gifting Happiness, and Startup Leadership Program.
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The Quest behind VDeliver
A quest for Idly handing over eating places and illness in a brand new town is all it took for the founder, Srinivas Madhavam to begin VDeliver. A mechanical engineer by career, Madhavam changed into stricken by fever in Chennai and wanted to get more than one idlis introduced to his region. Being new to town, he had no help and not one of the chemists became geared up to deliver him medicines and he couldn’t manage to get the meals brought due to the fact the order become both too small or out of shipping location. To positioned an cease to those regulations, he came up with the concept of VDeliver.
The founder, Srinivas Madhavam, hails from Kadapa, Andhra Pradesh and takes care of the general growth and advertising of the corporation. Co-Founder A S K Chaitanya Reddy, a Childhood Friend of Madhavam, joined complete time in March 2014 and has been heading the operations and generation of the organization ever when you consider that. The current team has 22 contributors which include the 2 co-founders.
How Does this Work?
Vdeliver receives the order over the smartphone or the through the online delivering system. After confirmation and a success selection of price mode, the order is done and service prices are paid. The shipping time depends at the order. In case of meals or groceries the standard time varies among 1-2 hours at the same time as in case of documents and other deliverables, it varies primarily based at the sort of order, the distance of the area and whether it's far inter-town or intracity.
Revenue Model
The primary and direct supply of revenue for the startup is from both person clients & local enterprise which include local ecommerce portals. The Secondary supply of revenue is the earnings generated through commissions charged to the eating places for giving an order. Other assets of earnings include advertising and marketing via the introduced parcel as a medium.
Their monthly sales clocks as much as round INR 2.5 lakh in step with month off which 20% earnings is from the secondary supply even as the closing eighty% is primary sales generation.
The Challenges
Most of the eating places these days offer loose home shipping and convincing customers to pay for shipping grew to become out to be a mission says Madhavam. But, in view that VDeliver is all about restriction unfastened delivery, it wasn’t very hard to get a draw close of the market. To overcome the high attrition charge, the agency commenced hiring most effective graduates and believes in instilling dignity of labour, paying better salaries and giving them due admire as a person.
The Numbers Game
Present in four Cities, 3 States with 20+ Employees, 50+ Business Clientele, 5000+ Individual Customers and ten thousand+ Orders delivered until date, VDeliver has accomplished a ninety nine.99% shipping commitment charge together with document deliveries being performed each day for M/s Vodafone, Chennai.
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Also, since it provides whatever to the customers at the comfort in their domestic/office, forty% of the customers come lower back for his or her transport needs.
With an aim to create an Intra City Logistics and then an Inter-town logistics, VDeliver has a potential marketplace of $100 Bn.
The Coming Days
The next Target metropolis for VDeliver can be Vishakhapatnam and step by step it'll be increasing to the Bangalore, Cochin and in addition it ambitions to have its presence in all the states of South India.
Also, the group plans to absorb a marketing campaign with a view to encompass digital marketing, display playing cards on Unisex Saloon Mirrors, Posters across numerous residential communities and Painting Mini Trucks which roam throughout the City.
Other additions might include delivery of Wedding Cards on behalf of the marriage hosts and turning in purchasing bags from the shops and shopping complexes to your own home. Even after the creation of recent startups ordinary, VDeliver proudly claims to be the first hyper neighborhood logistics startup.
