Santa Claus Couriers which operates the e-commerce logistics company Chhotu.in, has raised an undisclosed amount of funding from Global Super Angels, reports VCCircle. The company intends to use the money raised to expand its operations to more cities and hire more people.
Started in Jan 2011, Chhotu.in is a Delhi-based online logistics company which provides last mile logistics for various e-commerce companies including HealthKart, LensKart, Zovi, UrbanTouch, Fashion And You, 99labels.com, Myntra and Healthcar.com. It also provides other services like reverse logistics, Cash On Delivery and offline payment collection.
The company claims to be handling around 800 transactions on a daily basis, with a monthly transaction size ranging from Rs 75 lakh to Rs 1 crore. It currently has more than 100 employees on board.
According to the report, the company currently delivers only in Delhi and its expansion plans include launching inter-state deliveries, kickstarting its operations in Mumbai and enter the packaging services market, in the near future.
What’s interesting though is that the company intends to launch services where users can purchase virtual items and online services through Cash On Delivery (COD), thus allowing customers who want to shop online but don’t have a credit card or are scared to share their financial information online.
Another company, Gharpay, also offers a doorstep cash payment network. E-commerce company Infibeam, had also launched a similar initiative last month, by tying up with erupee to allow users to buy Infibeam vouchers which can later be redeemed against any purchase on its portal.