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 company’s 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. This also facilitated teaming up with the tech team of Pikkol to build better tech solutions for the industry which has been a laggard in tech development and absorption,” Pillai said.
Hybrid Shifting Solutions has been conceptualised to bring accountability and transparency by offering value for money to B2C and B2B customers with extensive use of technology, which has been highly uncommon in the packing and moving industry. He said he intends 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 office asset moving, data centre migration, 3PLl logistics, warehousing, inventory management, and asset tagging. Industrial packing, fine art handling, document management solutions, and custom clearances were some of the other services.
Pillai, with 25 years of experience in the industry, established the Interem Group in India and across many locations in West Asia before launching Hybrid Shifting Solutions in 2023. He added that it handled more than 1 lakh relocations and over 1,000 corporate accounts and moved 2 million IT assets during the pandemic as work shifted from office to home.