Latest news with #MurvahIqbal
Fashion Network
07-07-2025
- Business
- Fashion Network
London-based Hived delivery start-up raises millions to grow all-electric network
It's being hailed as the future of parcel delivery. Hived, an artificial intelligence (AI)-powered start-up, has raised €35.6 million (£30.7 million) in a new Series B round to accelerate its UK rollout, claiming to be 'innovating logistics for the e-commerce era'. Reportedly the UK's 'first customer-centric, tech-enabled, and all-electric parcel delivery company designed for e-commerce', it claims its real-time tracking and delivery intelligence system has cut 'Where Is My Order' (WISMO) customer enquiries by more than 90%, compared to other carriers, reported EU Startups. It also says its claims-rate (lost-in-transit, damages etc) is more than 10x better than industry standards. Since launching in 2021, it says it has delivered over 6.5 million parcels across Greater London for clients such as John Lewis, Uniqlo and Zara, 'with a 99% on-time delivery' The funding will be used to accelerate driver hiring, fuel expansion expansion into several new UK cities, further develop its proprietary models, grow its engineering and data team, and scale development of its proprietary logistics intelligence platform, HivedMind. Murvah Iqbal, co-founder and CEO of Hived, said: 'Parcel delivery should feel seamless, not stressful, but most of the industry is still running on systems that were never designed for e-commerce. 'We've taken a fresh approach – rethinking everything from first principles, putting technology and experience at the centre, and proving there's a better way to do this at scale. This raise is a huge step forward. With €49.2 million raised from investors so far, the latest round was led by existing backer NordicNinja, plus Wex Venture Capital, Marunouchi Innovation Partners, Elemental Impact, Yamato Holdings, Future Back Ventures by Bain and Co, Rocketship VC and existing investors including Planet A also participated. Tomosaku Sohara, managing partner at NordicNinja, added: 'Hived is doing what no one else in logistics has managed to do – pair a truly outstanding consumer experience with deep operational control. They haven't just improved delivery, they've reimagined it from the ground up, with technology as the foundation, not an afterthought. This means their technology isn't just modern, it's built to scale.'
Fashion Network
07-07-2025
- Business
- Fashion Network
London-based Hived delivery start-up raises millions to grow all-electric network
It's being hailed as the future of parcel delivery. Hived, an artificial intelligence (AI)-powered start-up, has raised €35.6 million (£30.7 million) in a new Series B round to accelerate its UK rollout, claiming to be 'innovating logistics for the e-commerce era'. Reportedly the UK's 'first customer-centric, tech-enabled, and all-electric parcel delivery company designed for e-commerce', it claims its real-time tracking and delivery intelligence system has cut 'Where Is My Order' (WISMO) customer enquiries by more than 90%, compared to other carriers, reported EU Startups. It also says its claims-rate (lost-in-transit, damages etc) is more than 10x better than industry standards. Since launching in 2021, it says it has delivered over 6.5 million parcels across Greater London for clients such as John Lewis, Uniqlo and Zara, 'with a 99% on-time delivery' The funding will be used to accelerate driver hiring, fuel expansion expansion into several new UK cities, further develop its proprietary models, grow its engineering and data team, and scale development of its proprietary logistics intelligence platform, HivedMind. Murvah Iqbal, co-founder and CEO of Hived, said: 'Parcel delivery should feel seamless, not stressful, but most of the industry is still running on systems that were never designed for e-commerce. 'We've taken a fresh approach – rethinking everything from first principles, putting technology and experience at the centre, and proving there's a better way to do this at scale. This raise is a huge step forward. With €49.2 million raised from investors so far, the latest round was led by existing backer NordicNinja, plus Wex Venture Capital, Marunouchi Innovation Partners, Elemental Impact, Yamato Holdings, Future Back Ventures by Bain and Co, Rocketship VC and existing investors including Planet A also participated. Tomosaku Sohara, managing partner at NordicNinja, added: 'Hived is doing what no one else in logistics has managed to do – pair a truly outstanding consumer experience with deep operational control. They haven't just improved delivery, they've reimagined it from the ground up, with technology as the foundation, not an afterthought. This means their technology isn't just modern, it's built to scale.'
Time of India
03-07-2025
- Business
- Time of India
UK delivery startup Hived raises $42 million to expand network
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in TechMore ≫ UK parcel delivery startup Hived , which uses AI to help manage its network, said on Thursday that it has raised $42 million in funding from investors to expand its operations across most of Britain over the next two Series B round of funding was led by Japanese-backed venture capital firm NordicNinja and included investments from Wex Venture Capital , Marunouchi Innovation Partners and Elemental which uses an entirely-electric fleet of delivery vans and heavy goods vehicles, has signed up retailers including John Lewis, Uniqlo, Zara, and Nespresso for e-commerce company is one of a number of startups that are using electric vehicles to meet demand for low emission new funding will be used to expand Hived's delivery network outside London, CEO Murvah Iqbal said that starting later this year, Hived will serve southern UK cities, before expanding rapidly to the rest of the country."We aim to cover 80% of the UK within the next two years," she said. "That's what we're on track for."The company will also consider whether to expand physically into other markets or instead licence out its technology, she has used AI to develop its own postcode system based on customer volume and demand. The same system also collects data on deliveries that is used to mentor drivers, Iqbal said."Every day, a driver will receive some feedback to help them perform better," she said.
Times
03-07-2025
- Business
- Times
Hived raises $42m to roll out its electric delivery trucks
An ecommerce logistics firm set up by a former Manchester City women's youth team captain has raised $42 million from Japanese-backed investors to expand its all-electric fleet across southern England. Murvah Iqbal, co-founder and chief executive of Hived, said they would use the cash to begin taking their services to cities such as Bristol, Bath and Brighton from September, with the aim to then expand to Birmingham and Manchester in the second half of next year. Hived has delivered more than 6.5 million parcels across London using its 250 couriers for the likes of John Lewis, Uniqlo and Zara since its launch in 2021. It has developed its own parcel-tracking software to improve the performance of the couriers delivering the parcels to 99 per cent on-time, and says it reduces customer inquiries about the timing of deliveries and slashes the rate of claims for failed deliveries or damaged goods.
Entrepreneur
13-06-2025
- Business
- Entrepreneur
Entrepreneur UK's London 100: HIVED
HIVED is leading the charge in sustainable, emission-free parcel delivery Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur United Kingdom, an international franchise of Entrepreneur Media. Industry: Sustainability With a 100% electric fleet, game-changing technology and partnerships with major brands like ASOS, Zara and Nespresso, HIVED is leading the charge in sustainable, emission-free parcel delivery. Murvah Iqbal and Mathias Krieger started delivering parcels by bike themselves. HIVED is now delivering tens of thousands of parcels every week, reducing carbon emissions by an incredible 56%-76% per parcel compared to traditional couriers. With plans to expand into Manchester and Birmingham, they aim to deliver 1.5m parcels across the UK by 2029. From two founders delivering parcels on bikes to becoming UK Startup of the Year 2024, HIVED is a perfect example of what makes London's startup scene so exciting - bold ideas, big ambitions, and a real commitment to change.
