Startup Watchlist: Indian Logistics Tech Startups To Watch Out For In 2020

#News(General) [ via IoTGroup ]

While inter-city logistics are handled by major players, the challenges in last-mile delivery make it difficult for internet businesses and ecommerce companies to fulfil orders from hub to customer doorsteps.
This represents a huge challenge for intra-city supply chains, and a huge growth opportunity for nimble logistics start-ups optimised for speed such as Blowhorn,” cofounder Mithun Srivatsa told Inc42.
Adding that their monetisation model is based on a take-rate that is the difference between our total cost of accessing the supply and the revenues we get from the customer for the logistics service provided.
Founded in 2016 by Vasanth Immanuel and Jayendran Panneerselvam, Fr8 is a technology-driven logistics service provider, offering long-haul trucking solutions to large corporations, SMEs, and the agribusiness ecosystem.
The startup claims to focus on addressing inconsistent service levels in the B2B international logistics industry by leveraging technology to offer real-time updates, online documentation services, and consistent pricing.
He added that traditionally, there has been a dearth of talent in the logistics industry but with the rise of tech-logistics players like Blackbuck, Rivigo and Letstransport, the sector has been able to pull in talent, which otherwise would not have been possible.
With a customer base of over 40 enterprises, including the likes of Blue Dart, Bigbasket, Myntra, Unilever, Tata Sky, Urban Ladder, and Lenskart, Locus is looking to bring efficiencies in the logistics sector using geocoding, deep machine learning and proprietary algorithms.
The startup was founded in 2015 by Nishith Rastogi and Geet Garg to bring predictive analytics to the logistics industry.
LogiNext’s model running on AI-based algorithms predicts location-based decisions and automates the delivery processes like route planning, ETA calculation, traffic prediction and also manages exceptions, notifications and the customer experience in real-time.

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