BusyBee, started by Arun Kumar in 2017, began as an on-demand courier service and has since evolved into a mobility lifestyle platform.
Singapore-based delivery platform Deliver.sg has acquired Indian Mobility Lifestyle Platform BusyBee, solidifying its expansion in the Asian and Middle Eastern markets.
The total value of the deal is SGD 500,000, the company said in a release.
BusyBee, known for its transformation from a courier service to a robust mobility lifestyle app, will complement Deliver.sg's DAAS model. With a strong network of over 1800 delivery riders across 317 locations in South India, the company is poised for significant growth under Deliver.sg's umbrella, the release added.
The partnership is anticipated to leverage Deliver.sg's advanced technology and expertise, enhancing BusyBee's operational efficiency and profitability. With the support of Maxima Logistics, BusyBee plans to expand its reach to 1000 locations by 2025, a bold stride towards a connected and convenient future.
Krishnamani Kannan, co-founder and CEO of Deliver.sg, also the Vice Chairman of SSACCI - Singapore South Asia Chamber Of Commerce And Industry, commented on the initiative, "As we integrate BusyBee's extensive network with the growth of HighRices and HomeRadius, our goal transcends expanding our geographical footprint. We're fostering innovation, entrepreneurship, and community building. As a leader in both business and community platforms like SSACCI, I am deeply committed to elevating and nurturing Indian startups on a global scale. This initiative marks the inception of a long and promising journey towards a future that's more collaborative, connected, convenient, and community-focused."
BusyBee, started by Arun Kumar in 2017, began as an on-demand courier service and has since evolved into a mobility lifestyle platform. Currently operational in 317 locations across five Southern Indian states with over 1800 delivery riders, the firm is set to leverage Deliver.sg’s expertise to build a cost-effective and profitable venture.