Logistics startups are the spine of India’s bustling ecommerce business. India’s logistics market is pegged at $215 billion and entrepreneurs are taking the chance to usher in effectivity and construction right into a largely fragmented and unstructured business. Logistics corporations will proceed to play a significant function in serving to the nation to develop its economic system.
Let’s check out India’s high 10 logistics startups. 00:00
01:39 #10 Porter: Based by Pranav Goel, Uttam Digga and Vikas Choudhary in 2014, Porter affords an internet platform for companies and people to guide a mini truck at reasonably priced costs for his or her intracity logistics wants. The corporate has raised $13.7 million from buyers like Sequoia Capital, Kae Capital and InnoVen Capital.
02:13 #9 LetsTransport: This last-mile logistics startup was began by Pushkar Singh, Sudarshan Ravi and Ankit Parasher in 2015. LetsTransport is an inter-city truck aggregator platform that helps corporations throughout sectors like FMCG, retail and ecommerce to schedule on-demand bookings. The startup has raised greater than $20 million from buyers like Bertelsmann India Investments, Fosun RZ Capital and GMO VenturePartners.
02:58 #8 Locus: AI-based logistics administration startup was began by two mates Nishith Rastogi and Geet Garg in 2015. The concept for Locus got here to the founders from their earlier girls security app RideSafe. These younger entrepreneurs built-in their girls security app’s dwell fleet monitoring function into Locus to create an clever platform that may assist logistics corporations to automate their logistics administration and making deliveries extra environment friendly.
04:06 #7 LogiNext Options: Dhruvil Sanghvi and Manisha Raisinghani go away their consulting jobs within the US to begin LogiNext Options in 2014. Immediately, this SaaS-based logistics administration startup helps logistics corporations throughout a number of markets like India, US, Singapore and UAE. Until date, LogiNext Options has raised virtually $50 million from buyers like Tiger International, Steadview Capital and Paytm.
05:17 #6 Shadowfax: Based by Abhishek Bansal and Vaibhav Khandelwal in 2015, Shadowfax is a last-mile on-demand logistics startup that companions with supply boys and mini vehicles to supply a one-stop supply resolution to logistics corporations. Shadowfax has raised virtually $120 million from a number of buyers like Eight Roads Ventures, InnoVen Capital and Flipkart.
06:14 #5 Xpressbees: Began by FirstCry founders Amitava Saha and Supam Maheshwari in 2015, Xpressbees was spun-off from FirstCry and turn out to be an unbiased entity providing full-blown logistics companies to its prospects. Until date, Xpreebees has raised $167.6 million from Alibaba Group, InnoVen Capital, Chiratae Ventures and SAIF Companions.
07:06 #4 Ecom Specific: Based by T.A. Krishnan, Okay. Satyanarayana, Manju Dhawan and Sanjeev Saxena in 2013, Ecom Specific is an e-commerce centered third celebration logistics supplier. Within the final seven years of operations, Ecom Specific has emerged as a market chief in ecommerce logistics phase and its community protection permits it to serve greater than 90% households within the nation. Each main ecommerce startup is their consumer together with Flipkart, Amazon, Snapdeal, Paytm, Udaan and Nykaa. The corporate has raised $215.4 million from Warburg Pincus, Peepul Capital and CDC Group.
08:08 #3 Rivigo: In 2014, Deep Garg and Geet Kalra got down to make the occupation of truckers extra humane and handle the rising want of truck drivers within the nation by beginning Rivigo. The corporate’s revolutionary relay trucking mannequin, not solely helps its drivers to go house to their households day-after-day but in addition makes deliveries for his or her prospects a lot sooner. It’s no shock that Rivigo has turn out to be a unicorn and proceed to benefit from the assist of its buyers who’ve pumped in additional than $250 million.
09:19 #2 BlackBuck: Based by Rajesh Yabaji, Rama Subramaniam and Chanakya Hridaya in 2015, BlackBuck is India’s largest truck aggregator platform. By making a market for logistics corporations and truck drivers, BlackBuck not solely affords extra incomes alternatives for drivers but in addition higher pricing for the businesses. BlackBuck now has greater than 400,000 vehicles on its platform that serves greater than 15,000 purchasers throughout the nation. It has raised virtually $300 million from Accel, Goldman Sachs, Sequoia Capital, and InnoVen Capital.
10:05 #1 Delhivery: India’s first logistics unicorn was based by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Kapil Bharati and Suraj Saharan in 2011. Delhivery was began as an categorical native logistics supply startup within the Delhi-NCR area and in lower than a decade, it has expanded its presence to over 2,500 cities in India and delivers greater than 1 million parcels day-after-day. The startup has raised virtually $1 billion from its buyers to turn out to be India’s main logistics firm.
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