Hybrid Shifting Solutions secures $2.5 million funding from Transworld International
Summary
Hybrid Shifting Solutions, which ventured into the Indian relocation space in 2023, has secured a $2.5 million investment from Transworld International.Rahul Pillai, Founder & CEO of Hybrid Shifting said the funds would be utilised to build a robust technology platform, boosting the companys networking and infrastructure with the objective of establishing a dominant market presence in India and abroad. The company also acquired Pikkol, a leading AI driven moving brand which had grown into a major B2C with strong emphasis on technological innovation, he said.This acquisition has helped Hybrid in its go-to-market strategy. He said his intention is to elevate Hybrid Shifting to become one of the world leaders in the relocation space and a leading player in the dynamic Indian market.The company has been offering custom made solutions in the area of office asset moving, data centre migration, 3PLl logistics, warehousing, inventory management and asset tagging. Industrial packing, fine art handling, document management solutions, custom clearances were some of the other services.Pillai, with 25 years of experience in the industry, has set up the Interem Group in India and across many locations in West Asia, before launching Hybrid Shifting Solutions in 2023. It handled more than 1 lakh relocations and over 1,000 corporate accounts and also moved 2 million IT assets during the pandemic as work shifted from office to home, he added.