Russian crowdsourced courier service Dostavista has raised $800,000 and entered the Indian market, Russian tech blog Firrma.ru reported last week, citing exchanges with the company.
The deal, which took place in the spring of this year, involved several unnamed Russian individual investors who had already put money in the company.
Before this round, Dostavista had raised 22 million (approximately $350,000 at the current exchange rate) in two separate rounds, the last of which took place in late 2014.
Dostavista promises to deliver documents and parcels in just 90 minutes.
The service operates in Moscow, St. Petersburg and four other Russian cities. This past summer, Dostavista also launched in Mumbai, Delhi and Bengalore with technical support provided from Russia.
Dostavista’s founder Mikhail Alexandrovsky claims that his company completed “more than one million deliveries” over the past 12 months.
“Dostavista will become a part of the [e-commerce delivery] infrastructure in emerging markets. We already know how to rapidly adapt the product to a new market, and intend to do so in a few more countries in the short term,” Alexandrovsky said.
Source: Firrma.ru. See a detailed account of Dostavista’s development in India in VC.RU.
