Founded: Date, Place: 23rd February, 2020, Kathmandu, Nepal
Founders: Suman Rayamajhi, Ranjeev Shrestha, and Amigo Khadka
Chairman: Suman Rayamajhi
COO: Amigo Khadka
Key people: Rahul Malla Thakuri (Head of Marketing), Sandip Subedi (Head of Logistics), Karan Basnet (Head of Product and Development)
Type: Private Limited Company
Number of employees: 30
Upaya City Cargo is an online marketplace for intra-city logistics that connects individuals and businesses with our pickup driver-partners and integrates technology to ensure quick and hassle-free delivery of bulk goods within Kathmandu Valley.
The company adds value to delivery needs by providing service at the lowest prices as compared to existing market rates, quickest delivery given our large network of drivers-partners, and in the most convenient ways by offering mobile/tracking technology and VAT bill.
The extensive market research and survey showed that this market was previously operating in a greatly inefficient manner. Clients complained about problems in the availability of vehicles, poor behavior of the drivers, bargaining hassle, delayed deliveries, security issues, and lack of proper billing for their delivery expenses. Similarly, the drivers complained about not getting enough trips to cover their fixed costs like EMI, poor treatment from clients, and difficulty in promoting their individual service. So Upaya CityCargo set out to solve these market inefficiencies using technology and creating an online platform. With the belief that Nepal will see a digital revolution in 2021-22 (it’s inevitable) – similar to that experienced by India in 2012-13 and United States in 2001-02 – and as logistics is a backbone of this ecosystem. This journey of building a digitally integrated logistics service that could fulfill logistics requirements of e-commerce platforms, corporates, SMEs, retail, and individuals begun.
The management team consists of a group of professionals – each of whom has almost two decades of experience in sectors ranging from banking, management, telecommunication, technology, consulting/advisory, finance, research, etc. The management team guides a young and enthusiastic Operation team led by aspiring entrepreneurs who want to set a mark for themselves in Nepal’s startup ecosystem. This blend of experienced management team guiding a young operations team has proven a really beneficial & successful model, which is evident through Upaya City Cargo’s performance in this short span of time.