TEENAGER’S FIRM TARGETS `100CR REVENUE

Mumbai, July 18: Tilak Mehta is like any other teenager. The 13-year-old attends a suburban school studying in Class VIII, and rues about his father coming home from work late and tired.

But the similarities stop there. Tilak is a budding entrepreneur who has founded a logistics startup, sold the idea to a banker and convinced him to quit the job and join him as the chief executive, and, also roped in the famed Dabbawalas of the city to help him with the last mile distribution.

“Last year, I wanted a few books from another end of the city urgently. My father came home tired after a day's work, and so I could not ask him and there was nowhere to go,” Tilak told reporters here.

This is where the idea of having a startup dedicated to carrying papers and small parcels within the megapolis for assured intra-day delivery struck him. The idea was presented to his father Vishal and he came out convinced that this needs to be pursued.

His father is the chief executive of Rushabh Sealink, a logistics company that would have helped. But Tilak went through the grind, researching the concept and running a beta for four months before formally launching it today.

“Papers N Parcels (PNP) is my dream and I will work to ensure that the business becomes big,” the boy beamed.

PNP uses a dedicated mobile application for business and already employs 200 on its own and 300 Dabbawala partners,handling up to 1,200 deliveries daily.

Any customer can log on to the app and place an order for a consignment. The company is targeting to capture 20 per cent of the intra-city logistics market and a turnover of `100 crore by 2020. — PTI