Amaravati-based logistics startup Bringg, founded by Visruthi Yellapu, has raised ₹40 lakh in its first institutional funding from two Non-Resident Indian (NRI) investors to expand its peer-to-peer delivery platform. The investment will support the launch of four new service verticals on the Bringgg platform, strengthening its community-driven micro logistics and fulfillment network.
Bringg operates under RS Gentsia Private Limited and functions as a community-oriented micro logistics platform that connects travelers with individuals looking to send or receive items. The startup’s name reflects its mission—“Get Global Goods, Goods Go Global”—by building a peer-to-peer logistics network that links travelers, senders, and receivers to help offset travel expenses. Unlike traditional courier services that rely on expensive hub-and-spoke warehousing systems, Bringgg leverages travelers to transport items directly, turning regular trips into zero-emission logistics solutions.
The new investors include Avesh Vishaksen and Raghu Boddapati, both originally from Guntur. Mr. Boddapati, a Vignan Engineering College graduate with a Master’s in Computer Science from the University of Illinois, currently works as a Risk Specialist at Bank of America in the United States. The funding agreement also includes provisions for additional future investment as the startup scales its operations.
With the fresh capital, Bringgg plans to introduce four new verticals: Bringgg Care, Bringgging, Bringgg AMA (Ask Me Anything), and Bringgg Cargo. These services aim to expand the platform’s reach beyond basic parcel delivery, offering specialized logistics solutions for documents, gifts, food items, and other essentials through its traveler network. The startup’s model enables travelers to carry packages and earn extra income while providing faster, cost-effective deliveries for senders.
FAQs [Frequently Asked Questions]
Q1: What is Bringgg’s core business model?
A: Bringgg is a peer-to-peer logistics platform connecting travelers with senders to transport items directly, reducing costs and emissions compared to traditional courier services.
Q2: How will the ₹40 lakh funding be used?
A: The funds will launch four new service verticals—Bringgg Care, Bringgging, Bringgg AMA, and Bringgg Cargo—to expand the platform’s logistics offerings.
Q3: Who are the investors in Bringgg’s latest round?
A: Two NRIs from Guntur—Avesh Vishaksen and Raghu Boddapati, a Bank of America Risk Specialist—invested ₹40 lakh with provisions for future funding.