The logistics industry is known as the backbone of the economy. With the growth in e-commerce websites, the logistics startups were able to scale up their business and tap into other areas to support the existing supply chain solutions or to fill the gaps in the otherwise fragmented and unorganised Indian logistics industry. With the current growth rate, the Indian logistics industry can reach $200 billion by 2020. As of 2018, India's LPI(Logistics Performance Index) rank is 44.
So, heres a list of Indian logistics startups that are on track to help raise India's rank.
Founders: Chanakya Hridaya, Rajesh Yabaji and Ramasubramaniam B
Founded in 2015, By combining data science and logistic services to make logistic smarter and better, BlackBuck has become India's largest trucking network. It has been a pioneer in bringing the offline operations of trucking online. BlackBuck is committed to making life easier for truckers to book a load and move at capacity, and also for shippers by enabling them to have access to the right truck, all at the click of a button. It has raised a total of $135 million over 5 rounds of funding. The latest round of funding was on October 8, 2018.
Founders: Vivek Malhotra and Anjani Mandal
Founded in 2015, 4TiGO provides a common tech platform along with complementary business services. Its mission is to empower the ever growing goods transportation industry ecosystem, through technology and the power of networking. It has raised a total of $10 million over 1 round of funding. The latest round of funding was on May 2, 2017.
Founders: Abhishek Bansal and Vaibhav Khandelwal
Founded in 2015, Shadowfax is one of India’s largest crowdsourced delivery platform. Its unique app enables delivery of food, pharmacy and e-commerce for businesses and helps them create customer delight using technology. According to their website, they service in 150+ cities and have over 1,50,000 transactions everyday. ShadowFax has raised a total of $40 million over 4 rounds of funding. The latest round of funding was on August 22, 2018.
Founders: Nishith Rastogi and Geet Garg
Founded in 2015, Locus is a machine learning startup focused on simplifying logistics. The logistics startup aims to solve problems such as scheduling, tracking, and managing an on-field fleet in the on-demand and hyperlocal industry. Locus primarily extends its services to startups, enterprises, and brands across various sectors like grocery, furniture, pharma, and consumer electronics. This logistics startup in India also works with some market leaders such as Quikr, Urban Ladder, Licious, Lenskart etc. They have raised a total of $4 million over 2 rounds of funding. The latest funding was on June 5, 2018.
Founders: Ankit Parasher, Pushkar Singh and Sudarshan Ravi
LetsTransport is an inter-city delivery service provider. Many dealers deal with the clients of their own city and have to deliver the goods to shops or offices. LetsTransport provides logistic service for your own city with verified drivers, GPS tracking and 24/7 service. They have raised a total of $20 million over 5 rounds of funding.
Founder: Ravi Gururaj
Qikpod is a platform that allows you get the delivery of your parcel into their own safe and secure lockers. You just have to provide the details about your delivery boy to Qikpod and he will deliver the parcel to the Qikpod locker you chose. This is a safe method as you can unlock the lockers only by an OTP which will be sent to your phone. However, this service is only available in Bangalore for now. They have raised a total of $9 million over 1 round of funding. Business tycoon Ratan Tata is one of their investors!
Relevant Read: Successful Bangalore startups
Founders: Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua and Suraj Saharan
Founded in 2011, Delhivery is one of India's leading supply chain services. Their vision is to become the operating system for commerce in India. According to their website, they have successfully fulfilled over 340 million orders to more than 50 million households across India. And also, bring unparalleled cost efficiency and, pan-India reach to the businesses of over 100,000 customers and over 15 million consumers every month. They have raised a total of $652 million over 5 rounds of funding. The latest round of funding was on March 6, 2019.
Founders: Atul Mithal
Started in 2015, with a very focused aim to resolve the then-prevailing issues in the relocation industry, ShiftKarado is one of the leading technology-driven packing and moving services providers in India. It operates in the competitive and unorganised relocation market to simplify the relocation process for the customers.
Relevant Read: ShiftKarado's complete journey in the logistics industry
Founders: Deepak Garg and Gazal Kalra
Rivigo is a technology company founded in 2014, that is building the material movement pipeline of India. Making logistics human, faster, safer and cost-effective through excellence in technology, data, culture and operations. They service multiple industries like e-commerce, automotive, FMCG et cetera. They have raised over $216 million over 6 rounds of funding.
Also read: startups from Gurgaon to watch out for!
Founders: Anand Babu, Mohammed Zakkiria. A and Raghavendran Viswanathan
Founded in 2016, FreightBro aims to provide intuitive solutions that work at the touch of a button. In this digital age, doing business offline is a very inefficient way of working, FreightBro provides you with high-tech solutions to speed up your day-to-day business activities and help you focus more on your core business. They not only provide solutions but also guide you along the way. As your partner, as your companion, as your bro.
Founders: Kamal Kishore Kumawat, Antim Suman and Umang Shukla
Edgistify is a one of its kind tech platform for logistic firms which will help in designing the entire supply chain for any industry. You need to get a reliable warehouse which does not create problems in the future. Edgistify helps you find the best warehouse for you. They even verify the warehouses and you can know the details of the warehouse by easily check on their website. According to their website they have developed a databank of more than 560 Million Sq. ft. of warehousing space.
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