BECK Technology Ventures, a start-up that focuses on simplifying global logistics requirements via technology, has recently announced the launch of BECK Friends, its global peer-to-peer logistics marketplace.
BECK Friends is aimed at creating a simple, flexible, cost-effective platform for delivery solutions that reaches out to a global consumer base. It also gives an opportunity to the user delivering the package to earn while they travel.
It’s a fairly simple system: Users add requests in the location they choose, providing the details of pickup and delivery along with the package details and the picture of the package to be delivered.
The platform’s algorithm then gives an estimated pricing based on factors such as the time requested for delivery, the package size and the distance. Other users can then respond to the request, which delivers a notification to the sender and gives him/her an option to see the Facebook profile of the user interested in making the delivery. Once the interested party is approved by the sender, numbers are then exchanged through SMS.
“We would like to disrupt the current logistics ecosystem through a habit-changing technology. A person’s time is always valued more than money, and if we are able to give them a solution that values their time and also offers convenience, we are home. It is the kind of product that will have an organic growth as it is connecting users for a mutual benefit, and anything that grows organically is a good long term business to be in,” Co-founder BECK Technology Ventures, Deep Malhotra, said in a press statement.
“Indian tech-enabled logistics start-ups attracted a funding of over USD 700 million in 2015. This year is touted to be the year of consolidation, and a product like BECK Friends can be the perfect platform to do so. Consolidating various players, along with peers, will give the user the flexibility to choose the best option according to their requirements,” Malhotra added.
With the platform free to use at present, the company is focusing on creating a critical mass of users in form of peers, third party courier companies and truck companies among other partners.