Services

Top Ten Growing Logistics Startups

The world after the pandemic has fundamentally altered supply chain management in e-commerce

and brought about significant changes in the e-commerce logistics sector.

corporate companies were forced to close

their doors due to the severe implications of COVID-19, the logistics sector remained resilient and met

the needs and wants of many e-commerce businesses during several trade restrictions,

which in turn fuelled the growth of many startups in the logistics sector as global shipping demand peaked. 

There are over 1,000 active competitors in the domestic logistics market in India, including major local businesses, international market leaders,

the express division of the government postal service, and

Indian logistics industry is estimated to be worth

US$ 215 billion and is growing at a CAGR of 10.5%, according to research sources.

Organized players only control between 10% and 15% of the market as a whole. 

Growth Inducing Factors in the Indian Logistics Industry 

 

  1. Launch of new government policies

India’s logistics industry is expected to be driven primarily by a major

expansion in the transportation and logistics sectors, helped by government reforms.

To boost system transparency, GST converted all manual transactions to digital ones using e-way bills and Fastags.

A significant structurally transformative initiative, the National Logistics Policy (NLP)

announced by the Government of India will significantly lower transaction costs along the entire supply chain.

  1. Rise of new competitors

By bringing a more creative solution to the market, numerous start-ups in the logistics

industry has contributed to the expansion of the industry.

These businesses serve consignors and truck owners by operating along the supply chain, from discovery to booking, value-added services, and execution.

  1. Technology breakthroughs

The logistics industry has changed thanks to new-age technology,

which acts as a fundamental differentiator.

Market leaders in this area will use

artificial intelligence and machine learning to develop intelligent logistics solutions that increase quality,

decrease costs, and reduce human interference.

Important Trends in the Logistics Sector

  1. Growing e-commerce: India’s flourishing e-commerce market has a significant                    impact on the logistics sector.   A substantial increase in demand                                                                                                                       for logistics services is being caused by the phenomenal growth of online commerce.

 

  1. The rise of grocery buying online: Online grocery buying is expanding quickly in India along with e-commerce. Another industry that has seen significant growth in                                                                                                 demand  for the services of logistics companies is online retail.

 

  1. The popularity of last-mile delivery: In the logistics sector, last-mile                                                            delivery is gaining importance as businesses work to deliver orders to clients as swiftly and effectively as feasible.

 

  1. Demand for express delivery: Express delivery is another area where the logistics sector is experiencing major growth.                                                                                                                                                   Logistics businesses are putting in a lot of effort to accommodate this demand as clients seek quicker delivery times.

 

  1. Reverse logistics: As more businesses place a greater emphasis on ensuring that returns are managed effectively, reverse logistics is also becoming more and more essential.

 

Top 10 Growing Logistics Startups 

 

  • NimbusPost

A shipping aggregator platform, NimbusPost was founded by Yash Jain in 2018 to assist MSMEs and large-sized corporations in

streamlining their end-to-end logistics operations through shipping (domestic and cross-border), warehousing, and fulfillment solutions.

Across the nation, the business collaborates with over 27 courier partners, including DTDC, Blue Dart, Delhivery, XpressBees, and Shadowfax.

An automated order verification system, non-delivery report, a live shipment, quick order import, shipment booking, post-shipping alerts,

and performance tracking are just a few of the features available on the NimbusPost dashboard.

The platform also offers a fraud detection tool that uses AI and ML to stop fraudulent orders.

Based in Gurugram, today, NimbusPost helps over 60,000

online businesses by enabling them to expand their delivery reach without compromising the quality of service.

  • Ecom Express

Ecom Express, based in New Delhi, was the country’s

The company began operations in 2012 with an initial investment of 7 crores,

of which 5.5 crores came from Oliphans Capital, an early-stage venture capital firm.

The remaining 1.5 crores of the money came from the four founders- K. Satyanarayana, Sanjeev Saxena, Manju Dhawan, and T. A. Krishnan.

  • Delhivery

Delhivery, which was established in May 2011, initially served across the

Delhi/NCR region before becoming available throughout India.

founded by

five colleagues- Suraj Saharan,

Mohit Tandon, Sahil Barua, Kapil Bharati, and Bhavesh Manglani, and currently operates in more than 800 cities across the country.

Delhivery has adopted the shipping aggregator business model.

As a result, Delhivery uses the services of multiple logistics partners and provides the technology framework that links them all, rather than building its own internal logistics network.

Delhivery resembles the logistics industry’s equivalent of Uber in certain ways.

  • Rivigo

Rivigo is an Indian logistics firm with headquarters in Gurugram ,founded in 2014 by Gazal Kalra and Deepak Garg.

It uses a network-led logistics strategy to transport goods across the nation.

 commodities are transported by Rivigo across

 As a result,  a group of driving partners can provide service to each zone and region without having to travel across the entire country.

  • BlackBuck

The logistics firm BlackBuck, also known as Zinka Logistics, is based in Bengaluru. BlackBuck,

which was founded in 2015 by Chanakya Hridaya, Ramasubramaniam B, and Rajesh Yabaji,

primarily provides business-to-business (B2B) logistics services and collaborates with big businesses in need of transportation solutions. In essence,

BlackBuck uses a technical backend to facilitate the supply of trucks to major corporations for the transportation of their goods across the country.

  • Roambee

Established in 2014 by Vidya Subramanian and Sanjay Sharma,

with its first headquarters located in Santa Clara, California, and its India offices operating out of Mumbai.

To track and monitor shipments at various stages of the delivery process,

Roambee incorporates Internet of Things (IoT) technologies with an emphasis on the technological aspect of logistics.

This enables companies to keep an eye on their shipments in real-time,

  • Qikpod

The phrase “last-mile delivery services” describes the process by which a product from a business leaves its warehouse and arrives at your door. Qikpod, an IoT

company with headquarters in Bengaluru was founded by Ravi Gururaj in 2015,

that works with e-commerce companies to streamline this process while minimizing errors or delays.

In 2015, as part of its Series A financing, logistics startup Delhivery made an investment in Qikpod alongside other investors. 

  • Shadowfax                                                                                                                                            Established in 2015 by Vaibhav Khandelwal and

Abhishek Bansal has its headquarters in Gurugram.

Shadowfax provides end-to-end business solutions to Indian businesses,

such as food delivery services, e-commerce websites, laundry startups, etc., through a technology-driven tracking platform. 

  • Vamaship

Vamaship, the World’s Shipping Partner, founded in 2015 by Rohit Chemburkar and Bhavik Chinai, is an e-commerce logistics platform that makes domestic, export,

and import shipping is simple and economical for thousands of new businesses.

It supports shipping to and from more than 200 countries. In India,

Vamaship has more than 3000 clients, ranging from tiny businesses to the biggest firms in the world.

  • Insta Logist

Pramod Prakash and Sandeep Barange founded Insta Logist in 2020.

Through its FTL Marketplace platform, InstaLogist enables Shippers, Transporters, Brokers, and Fleet Owners to easily complete FTL (Full truck Load) shipments with on-demand truck booking.

All around India, loads are available on their platform for small and large trucks,

for long-distance and local shipments.

What’s The Way Ahead for Indian Logistics Industry?

 

The sector is likely to benefit from the country’s strong economic growth and

the government’s recent initiatives to improve infrastructure and transportation.

They will also focus on expanding their reach to smaller cities and towns. 

The government’s new national logistics policy and establishment of national logistics hub are expected to give a boost to the industry.

and shipping aggregators, such as NimbusPost, who are readily providing automated logistics software solutions to e-commerce merchants. 

Conclusion

The Indian government is taking the necessary steps to upgrade the operations and productivity of Indian logistics.

and supply chain efficiency, and aid logistics companies in accessing the underdeveloped markets in the nation.

According to some investors, a large number of B2B shipping aggregator startups are utilizing cutting-edge technology in logistics, including robotics, automation, data analytics, and IoT.

The investors also believe that the integration of technology into the conventional logistics ecosystem has the potential to fundamentally change the Indian logistics sector.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button