CarterX raises funding from Mumbai Angels Network

April 26, 2019: CarterX, a technology based logistics platform for travelers, raises funding from Mumbai Angels Network (MA Network), India’s premier platform for venture investing. The Bangalore based firm, founded in 2017 by Harshavardhan N and Ramya ReddyN, will use the funds to scale operations and expand to new locations, continue developing partnerships with airlines, and promote their brand. CarterX is India’s only logistic service that combines luggage transfer and airport assistance to and from the airport.  The app enabled platform allows passengers to check-in bags from home and travel to and from the airport without their baggage. Catering to both the B2B and B2C segments the company offers three services - doorstep pick-up and delivery, baggage check-in, and mishandled luggage. The personalized service allows you track your bag, travel hassle free, and provides 24/7 support, with complimentary insurance Currently operational in Hyderabad and Bangalore airports, CarterX plans to expand to Mumbai, Delhi, Kolkata, and Chennai airports shortly “We believe CarterX has an immense opportunity to improve the customer experience in the aviation supply chain through their baggage management platform. We view the concierge baggage service also easing the logistical burden between the passenger and airport. We see businesses enabling tech in the Indian consumer sector to be a strong space to invest and are excited to welcome CarterX to the growing MA Network portfolio,” said MA Network CEO & MD, Nandini Mansinghka. About Mumbai Angels Network: Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing.  The network is today 400+ members strong, across 7 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 8000 companies we review every year. MA Network now has a 130+ strong portfolio with 30+ exits; several of whom were at multiples comparable with global benchmarks in new venture investing. About CarterX: CarterPorter is India’s only technology based logistic service where Baggage Transfer to and from the airport is simplified. With over five years of experience in logistics and transportation of goods for the corporate sector, we are now entering the traveler’s market with options to travel light and smart.  With CarterPorter’s CarterX, your Baggage is efficiently picked up and securely transported from the first mile to the last. Book, Move and Track your Baggage, at the tip of your fingers on your smart phone, tablet or PC and stay updated throughout the service. Your Baggage is waiting ahead of you making your travel light, stress free without the weight and chaos.