Chennai Start-up BOOGYBEE Wins HOT 1OO: RACE TO GRACE 2017 Award

Mumbai, India – March 15, 2017 – Amidst a gathering of eminent CIOs, angel investors, industry stalwarts, VCs, and corporate heads, BOOGYBEE has been recognised with HOT 1OO: RACE TO GRACE 2017 Award, which champions innovation and enterprise.

This was the third edition of the Hot 100 Awards, which honour startups providing unique and disruptive technology solutions that work, deliver real benefits, are innovative and potentially address the market at large. This year saw a significant number of entries and the 23 jury member panel was hard pressed to select the winners whose creative use of technology made them stand out. Entries were received from a wide array of fields, from Cloud and Data Analytics to Healthcare, Education, Social Media, eCommerce, IoT, and BFSI, among others.

Winners of the HOT 1OO: RACE TO GRACE 2017 Awards were determined by public voting coupled with scores from an eminent pan-India jury panel. The panel comprised industry stalwarts—CIOs, Investors, Analysts, Commentators and Industry Leaders—who allocated scores and basis their expertise finalised the winners. Selection is made by evaluating the startup’s technological innovation, team strength, opportunity size, and product value proposition. The HOT 100 Awards are a celebration of the entrepreneurial spirit, and seek to recognise and reward India’s most dynamic enterprise-focused startup businesses. Having earned this validation and honour, startups have a platform through which they can introduce their company to the world.

HOT 1OO: RACE TO GRACE 2017 Awards were presented to 100 innovative startups.

“Through the Hot100 Awards we have curate the most validated, trustworthy and promising technology startups in the country,” said Anoop Mathur, Founder & President, Centre Of Recognition & Excellence. “This is done with the help of the CIO community, Angel Investors and the ICT Ecosystem Mentors. I’m very excited for the winners who demonstrated innovation and excellence, with outstanding achievements. I congratulate them on winning this elite tag.”

BOOGYBEE is a bootstrap startup, founded in March 2016; as a business it has incorporated with 5 leading courier partners and covers more than 10,000 pin codes in India and more than 150 countries for international shipping. BOOGYBEE is supporting more than 100 Indian e-commerce startup businesses on logistics requirement in a very short period.

e-commerce is one of the up-trending businesses across globe, not just the professionals but a housewife or employed individual can take the avatar to become an online re-seller. More than millions of re-sellers use social media as a medium to market their product and generate sales/revenue. On which more than 90 per cent of the re-sellers are not registered as a firm.

In India, online buyers have increased for one major reason ‘Cash on delivery’. Not all courier companies are providing COD services in market. To avail this service a business should incorporate with a logistics company, which requires KYC documentation, which is hard to provide for unorganised re-sellers. Organised re-sellers must commit with minimum number of shipments per month, which is again making it difficult for a SME, aggregators in market who charges 2000 INR/month as subscription cost to get the logistic pricing, which is making no value for a small-scale business.

BOOGYBEE has emerged in the market as a logistic aggregator and supporting re-sellers with free subscription. BOOGYBEE enables customer to ship like a fortune company with features like Cash on Delivery, SMS notifications, Omni tracking, etc.

Vasanth Raj, Founder, said, “We are proud to win this title of Hot 100. It showcases our continuous excellence in logistic aggregations. This is a token of recognition for our hard work and efforts to build our brand better and better to support more Indian e-commerce SMEs.”

KPMG is the knowledge partner for HOT 100 2017.

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