Gurugram-based tech-oriented packing and moving company ShiftKarado has raised Rs. 5 Crore in a funding round led by Star WorldWide Group and Promoters. Star WorldWide is a firm in international relocation and fine art and event logistics market.
Founded in 1996, Star Worldwide Group is headquartered in New Delhi and is one of the leading companies in international relocation services, fine art handling, event & exhibition logistics and information management services.
The funds so raised by the company are being planned to be used in deploying more resources and upgrade its services, for a better customer experience. The company stated that the funding was received in various rounds, with the final tranche coming this month.
“We will be investing the funds to upgrade the technology to further automate our work processes and enhance our mobile app and website,” claimed Sahil Mithal, co-founder of ShiftKarado.
Also, the company is planning to modify and upgrade its website and mobile app using Artificial Intelligence, Machine-Learning, and Data Analytics. Founded in 2015 by Atul Mithal along with Sahil Mithal, AulinaMithalSood and Ashish Mullick, ShiftKarado has an existence in 15 Indian cities that include Bangalore, Delhi, Mumbai, Pune, Hyderabad and Chennai.
The company is further aiming to expand its reach to PAN-India, where funding has a strategic role to play. Making the best use of digital technology, the company operates on a website and mobile app, which enables the customers to plan their relocation, on the go, within a few seconds.