Logistics startups are the spine of India’s bustling eCommerce industry. India’s logistics market is pegged at $215 billion and entrepreneurs are taking the possibility to carry in effectivity and shape into a mostly fragmented and unstructured industry. Logistics organizations will proceed to play a fundamental position in supporting the united states to develop its economy.
Let’s take a seem to be at India’s pinnacle 10 logistics startups. 00:00
India’s first logistics unicorn used to be centered via Sahil Barua, Mohit Tandon, Bhavesh Manglani, Kapil Bharati and Suraj Saharan in 2011. Delhivery used to be commenced as an categorical neighborhood logistics shipping startup in the Delhi-NCR place and in much less than a decade, it has increased its presence to over 2,500 cities in India and supplies extra than 1 million parcels each and every day. The startup has raised nearly $1 billion from its traders to emerge as India’s main logistics company.
Founded through Rajesh Yabaji, Rama Subramaniam and Chanakya Hridaya in 2015, BlackBuck is India’s greatest truck aggregator platform. By developing a market for logistics businesses and truck drivers, BlackBuck now not solely provides greater incomes possibilities for drivers however additionally higher pricing for the companies. BlackBuck now has extra than 400,000 vehicles on its platform that serves extra than 15,000 purchasers throughout the country. It has raised nearly $300 million from Accel, Goldman Sachs, Sequoia Capital, and InnoVen Capital.
In 2014, Deep Garg and Geet Kalra set out to make the occupation of truckers extra humane and tackle the developing want of truck drivers in the us of a with the aid of beginning Rivigo. The company’s modern relay trucking model, now not solely helps its drivers to go domestic to their households each and every day however additionally makes deliveries for their clients plenty faster. It is no shock that Rivigo has turn out to be a unicorn and proceed to revel in the assist of its buyers who have pumped in extra than $250 million.
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4 Ecom Express:
Founded by way of T.A. Krishnan, K. Satyanarayana, Manju Dhawan and Sanjeev Saxena in 2013, Ecom Express is an e-commerce targeted 1/3 birthday party logistics provider. In the final seven years of operations, Ecom Express has emerged as a market chief in ecommerce logistics section and its community insurance permits it to serve greater than 90% households in the country. Every primary ecommerce startup is their patron which include Flipkart, Amazon, Snapdeal, Paytm, Udaan and Nykaa. The business enterprise has raised $215.4 million from Warburg Pincus, Peepul Capital and CDC Group.
Started by means of FirstCry founders Amitava Saha and Supam Maheshwari in 2015, Xpressbees used to be spun-off from FirstCry and emerge as an unbiased entity imparting full-blown logistics offerings to its customers. Till date, Xpreebees has raised $167.6 million from Alibaba Group, InnoVen Capital, Chiratae Ventures and SAIF Partners.
Founded through Abhishek Bansal and Vaibhav Khandelwal in 2015, Shadowfax is a last-mile on-demand logistics startup that companions with transport boys and mini vans to provide a one-stop shipping answer to logistics companies. Shadowfax has raised nearly $120 million from more than one buyers like Eight Roads Ventures, InnoVen Capital and Flipkart.
7 LogiNext Solutions:
Dhruvil Sanghvi and Manisha Raisinghani depart their consulting jobs in the US to begin LogiNext Solutions in 2014. Today, this SaaS-based logistics administration startup is supporting logistics organizations throughout more than one markets like India, US, Singapore and UAE. Till date, LogiNext Solutions has raised nearly $50 million from buyers like Tiger Global, Steadview Capital and Paytm.
AI-based logistics administration startup was once began by using two pals Nishith Rastogi and Geet Garg in 2015. The notion for Locus got here to the founders from their preceding ladies protection app RideSafe. These younger entrepreneurs built-in their female protection app’s stay fleet monitoring function into Locus to create an sensible platform that would assist logistics groups to automate their logistics administration and making deliveries greater efficient.
This last-mile logistics startup used to be commenced by means of 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 agenda on-demand bookings. The startup has raised greater than $20 million from traders like Bertelsmann India Investments, Fosun RZ Capital and GMO VenturePartners.
Founded by using Pranav Goel, Uttam Digga and Vikas Choudhary in 2014, Porter affords an on line platform for companies and folks to e book a mini truck at low cost expenses for their intracity logistics needs. The employer has raised $13.7 million from buyers like Sequoia Capital, Kae Capital and InnoVen Capital.