An Indian logistics start-up has raised fresh funding as it looks to expand its footprint and strengthen its technology in a fast-growing but fragmented sector.
DAAKit, a hyperlocal fulfilment and last-mile delivery company, has secured $138,000 in a pre-seed funding round led by Inflection Point Ventures (IPV). The company says the funds will be used to support business growth, develop its technology infrastructure and expand operations into new cities.
Founded in 2024, DAAKit operates on an asset-light, technology-driven model designed to help brands deliver products more quickly by placing inventory closer to customers. The firm plans to launch 25 new “dark stores” across Tier-I and Tier-II cities and hire senior leadership, including roles in sales, business development and operations.
The start-up currently operates in major urban centres including Delhi, Gurugram, Mumbai, Bengaluru and Kolkata, while running a pilot project in Lucknow to test expansion into smaller cities.
According to the company, it has recorded steady growth of 15–20% in monthly order volumes and revenue since its launch, while maintaining double-digit earnings before interest, taxes, depreciation and amortisation (EBITDA). It says this reflects a focus on profitability and operational discipline at an early stage.
Investors say the company’s approach sets it apart in a competitive market. IPV’s co-founder Mitesh Shah said the business has demonstrated strong early profitability and scalable growth, adding that its focus on fulfilment infrastructure and last-mile networks makes it difficult to replicate.
DAAKit’s founder and chief executive, Chandan Singh Ghugtyal, said the company aims to address inefficiencies in India’s logistics sector, where high costs and limited infrastructure continue to affect small businesses.
India’s logistics market is estimated to be worth more than $250bn, but challenges remain. Logistics costs account for around 14% of the country’s economic output, and millions of small sellers still lack access to reliable fulfilment services.
The company says it is targeting significant growth in order volumes as it expands its network.
