Abid Rashid

FastBeetle Logistics Pvt. Ltd.

First Kashmiri startup to raise $100K internationally (Dec 2021)

Logistics Tech / E-commerceSrinagarFounded 2019

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THE FOUNDER & VENTURE

Building with purpose.

Founded 2019 Srinagar; co-founder Abid Rashid Lone; Sheikh Samiullah is CEO (MBA); last-mile logistics focused on J&K small/micro businesses and home-based entrepreneurs; built during Article 370 internet shutdown; 19,000+ pin codes including Ladakh; line haul business new vertical

THE JOURNEY

Milestones along the way.

Founded 2019 → Survived Article 370 internet blackout → Seed A $100K (Dec 2021) → Shark Tank S2 ₹90L deal (Jan 2023) → $3M valuation (2023) → $5M valuation (2024) → Delhi NCR expansion

KEY ACHIEVEMENTS

First Kashmiri startup to raise $100K internationally (Dec 2021); first J&K business on Shark Tank India (Jan 2023); survived internet blackouts post Article 370 using 2G and landlines; delivered 15 tonnes apples during curfew; Alsisar Impact incubated; Delhi NCR expansion launched

RECOGNITION

First Kashmiri startup to raise international funding ($100K); Shark Tank India Season 2 deal (₹90L for 7.5%); Alsisar Impact Mumbai incubation

GROWTH & FUNDING

Seed A $100K from angels (Sandeep Patel Nepra, Saurabh Mittal, Vikram Sanghvi, Dec 2021); Shark Tank India S2 ₹90L for 7.5% (Jan 2023); Pre-Series A valuation $3M (Jun 2023) KM Trans Group; Seed B undisclosed valuation $5M (Jul 2024) KM Trans Group + existing investors

BUSINESS MODEL