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Top 5 Logistics Start-Ups In India In 2021

The startup offers customized logistics solutions for clients, in addition, they offer screened drivers, audited and GPS-enabled vehicles, point-to-point billing, status updates, 24×7 service, and greater efficiency to their associated clients.

1. WareIQ:

WareIQ enables Amazon-like next-day delivery for e-Commerce companies in India, and is a graduate of the recent Y-Combinator Summer’20 batch.

WareIQ serves brands that sell direct to consumers (D2C) through their own online channels or through marketplaces. WareIQ allows brands to offer next day delivery by helping them store inventory closer to their customers using their platform connected to a nationwide network of fulfilment centres and last-mile couriers.

WareIQ was founded in 2019 by Mr. Harsh Vaidya and Mr. Aayush Mattoo who comes from e-Commerce & supply chain background in global markets working with companies like Pitney Bowes & Delhivery. They started WareIQ with a vision to offer next-day delivery to all pincodes in India in the next three years.

WareIQ offers its customers intelligence to make smart inventory placement & courier allocation decisions, end-to-end fulfilment, last-mile delivery, cash collection, and fraud detection services, as well as a digital command centre and dashboard for running, monitoring, and analyzing these core processes.

2. Rivigo:

Rivigo is a logistics and supply chain company having $11.4 M funded in the G series of the round.

Founded in 2014, this startup is transforming the shape of logistics with their “global-first driver relay model” and a perfect amalgamation of technology, data, culture and operations excellence, so that they can consistently provide unparalleled delivery times and reliability to their service users. This model is designed in a way ensuring each of the truck drivers, the pilot, spends less time away from their family.

Their logistics suite offers relay-led trucking and freight marketplace. Their LinkedIn says, “Relay delivers express logistics across the full truckload, part truckload and cold chain logistics. RIVIGO Freight is India’s largest digital trucking marketplace.”

Deepak Garg and Gazal Kalra. This startup has made logistics human, faster, safer, and cost-effective, catering to multiple industries such as e-commerce, automotive, FMCG, and others.

3. Edgistify:

It is a warehousing operation & fulfilment network that helps D2C brands, SME’s, E-commerce sellers provide Amazon & Flipkart with next-day delivery. They claim to be India’s first developing tech platform for end-to-end warehousing & fulfilment requirements. It is founded by the alumni of IIT and NIT and backed by supply chain industry experts. Antim Suman, Kamal Kishore Kumawat, and Umang Shukla are the founders of Edgistify.

The company was started with a vision of making logistics simple, scalable & flexible. Their LinkedIn handle says, their model of working helps clients in “reducing their logistics cost structure with an 8-16% reduction with the help of providing the most cost-effective options out of 700+ service providers associated” with this startup.

Their solutions include focusing on D2C & Ecommerce Fulfillment, Enterprise Warehousing Fulfillment, and Start-Up Logistics Support. This startup is driven by the vision to be the leading Logistics Supply Chain Support Services Partner enabling Optimization and Operational Excellence driven by Technology & Data.

4. LetsTransport:

Incorporated in 2015, LetsTransport was founded by IIT-Kharagpur alumni Pushkar Singh, Sudarshan Ravi, and Ankit Parasher. It’s a last-mile tech-logistics solution provider for intra-state deliveries with its headquarter in Bangalore. Its services are reliable, affordable, and professional services, structured to meet the needs of partnered enterprises.

LetsTransport employs light commercial vehicles for urban logistics and has 55,000+ truckers with them across 14 cities. Lets Transport serves industry sectors like organized retail, FMCG and e-commerce, distribution and 3PL companies. To name a few, their clients include Amazon, Flipkart, Bisleri, Vishal Mega Mart, Future Supply Chain, Coca-Cola, and Udaan.

The startup offers customized logistics solutions for clients, in addition, they offer screened drivers, audited and GPS-enabled vehicles, point-to-point billing, status updates, 24×7 service, and greater efficiency to their associated clients.

It’s a series-B funded tech-logistics company that aims to use technology to help enterprises to reach consumers faster. To date, LetsTransport has raised US$20 million funding from leading investors like Fosun RZ Capital, Bertelsmann India Investments, Mitsubishi Corporation and others.

5. Shadowfax:

Shadowfax Technologies is one of India’s leading suppliers of on-Demand blue-collar gig workers that enables enterprises to manage a flexible work requirement and dynamically scale, without any additional costs. The company employs technology and AI to offer supply that keeps pace with demand in the rapidly growing and highly fragmented hyperlocal distribution ecosystem and ensures an incredible end-user experience.

The Shadowfax app has more than a million downloads, and is designed as an immersive platform for delivery and is a single app that works across multiple platforms. The app is used as an avenue for guaranteed earnings across multiple E-com and Hyperlocal platforms.

Source: Business World

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