Logistics startups are the backbone of India’s bustling ecommerce industry. India’s logistics market is pegged at $215 billion and entrepreneurs are taking the opportunity to bring in efficiency and structure into a largely fragmented and unstructured industry. Logistics companies will continue to play a vital role in helping the country to grow its economy.
Let’s take a look at India’s top 10 logistics startups. 00:00
01:39 #10 Porter: Founded by Pranav Goel, Uttam Digga and Vikas Choudhary in 2014, Porter offers an online platform for businesses and individuals to book a mini truck at affordable prices for their intracity logistics needs. The company has raised $13.7 million from investors like Sequoia Capital, Kae Capital and InnoVen Capital.
02:13 #9 LetsTransport: This last-mile logistics startup was started by Pushkar Singh, Sudarshan Ravi and Ankit Parasher in 2015. LetsTransport is an inter-city truck aggregator platform that helps companies across sectors like FMCG, retail and ecommerce to schedule on-demand bookings. The startup has raised more than $20 million from investors like Bertelsmann India Investments, Fosun RZ Capital and GMO VenturePartners.
02:58 #8 Locus: AI-based logistics management startup was started by two friends Nishith Rastogi and Geet Garg in 2015. The idea for Locus came to the founders from their previous women safety app RideSafe. These young entrepreneurs integrated their women safety app’s live fleet tracking feature into Locus to create an intelligent platform that would help logistics companies to automate their logistics management and making deliveries more efficient.
04:06 #7 LogiNext Solutions: Dhruvil Sanghvi and Manisha Raisinghani leave their consulting jobs in the US to start LogiNext Solutions in 2014. Today, this SaaS-based logistics management startup is helping logistics companies across multiple markets like India, US, Singapore and UAE. Till date, LogiNext Solutions has raised almost $50 million from investors like Tiger Global, Steadview Capital and Paytm.
05:17 #6 Shadowfax: Founded by Abhishek Bansal and Vaibhav Khandelwal in 2015, Shadowfax is a last-mile on-demand logistics startup that partners with delivery boys and mini trucks to offer a one-stop delivery solution to logistics companies. Shadowfax has raised almost $120 million from multiple investors like Eight Roads Ventures, InnoVen Capital and Flipkart.
06:14 #5 Xpressbees: Started by FirstCry founders Amitava Saha and Supam Maheshwari in 2015, Xpressbees was spun-off from FirstCry and become an independent entity offering full-blown logistics services to its customers. Till date, Xpreebees has raised $167.6 million from Alibaba Group, InnoVen Capital, Chiratae Ventures and SAIF Partners.
07:06 #4 Ecom Express: Founded by T.A. Krishnan, K. Satyanarayana, Manju Dhawan and Sanjeev Saxena in 2013, Ecom Express is an e-commerce focused third party logistics provider. In the last seven years of operations, Ecom Express has emerged as a market leader in ecommerce logistics segment and its network coverage allows it to serve more than 90% households in the country. Every major ecommerce startup is their client including Flipkart, Amazon, Snapdeal, Paytm, Udaan and Nykaa. The company has raised $215.4 million from Warburg Pincus, Peepul Capital and CDC Group.
08:08 #3 Rivigo: In 2014, Deep Garg and Geet Kalra set out to make the profession of truckers more humane and address the growing need of truck drivers in the country by starting Rivigo. The company’s innovative relay trucking model, not only helps its drivers to go home to their families every day but also makes deliveries for their customers much faster. It is no surprise that Rivigo has become a unicorn and continue to enjoy the support of its investors who have pumped in more than $250 million.
09:19 #2 BlackBuck: Founded by Rajesh Yabaji, Rama Subramaniam and Chanakya Hridaya in 2015, BlackBuck is India’s largest truck aggregator platform. By creating a marketplace for logistics companies and truck drivers, BlackBuck not only offers more earning opportunities for drivers but also better pricing for the companies. BlackBuck now has more than 400,000 trucks on its platform that serves more than 15,000 clients across the country. It has raised almost $300 million from Accel, Goldman Sachs, Sequoia Capital, and InnoVen Capital.
10:05 #1 Delhivery: India’s first logistics unicorn was founded by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Kapil Bharati and Suraj Saharan in 2011. Delhivery was started as an express local logistics delivery startup in the Delhi-NCR region and in less than a decade, it has expanded its presence to over 2,500 cities in India and delivers more than 1 million parcels every day. The startup has raised almost $1 billion from its investors to become India’s leading logistics company.
#logistics #backstagewithmillionaires #bwm
26 апр 2024
