According to the Economic Survey 2017-18, Indian logistics sector, which is currently worth $160 billion, is expected to grow at a CAGR of 10.5% to reach $215 billion by 2020, owing to the implementation of GST.
The government of India is focused on improving the infrastructure of the country, in order to strengthen different sectors like e-commerce, agriculture, and other such sectors that heavily rely on supply chain and logistics.
With robust support from the government, the logistics sector is expected to grow at a tremendous rate, attracting investors and budding entrepreneurs to leverage the opportunity.
Here is a comprehensive list of top 20 logistics startups in India:
Mumbai-based supply chain solutions provider LEAP India was founded by IIM Calcutta alumnus Sunu Mathew in 2013. The startup is a pallet and container rental provider across the country. LEAP India’s business consists of returnable packaging and pooling of equipment including wooden pallets, boxes, plastic containers, metal wire mesh catering to all sectors that work with these products to store or transfer goods from one site to another.
Gurugram-based technology-enabled logistics startup Rivigo was founded by Gazal Kalra and Deepak Garg in 2014. It provides a digital trucking marketplace to facilitate on-demand truck supply, thereby removing inefficiencies and reducing costs.
Bengaluru-based logistics startup 4tigo was founded by IIT Kanpur alumni Anjani Mandal and Vivek Malhotra in 2015. It provides a technology platform for truck owners to connect with transporters, companies, in order to create a logistics ecosystem. This ecosystem helps its members to get best rates with the assurance of timely deliveries.
Bengaluru-based online-to-offline (O2O) logistics startup Shadowfax was founded by IIT Delhi alumni Abhishek Bansal and Vaibhav Khandelwal in 2015. It provides a logistics gateway for businesses by offering instant deliveries, optimized air transportation with live tracking, and same day bulk deliveries through light commercial vehicles.
Last month, Shadowfax raised $22 million in series C funding led by US-based NGP Capital, along with participation from Qualcomm Ventures, an investment arm of Qualcomm Incorporated, Mirae Asset, and existing investor Eight Roads Ventures.
Bengaluru-based on-demand logistics marketplace Porter was founded by IIT alumni Pranav Goel, Uttam Digga, and Vikas Choudhary in 2014. It provides a technology platform to enable clients to book trucks and tempos for intra-city deliveries on-demand. It also enables live tracking, to facilitate on-time deliveries, making logistics more efficient and effective.
In April 2018, Porter raised ₹50 crores in series C funding from Mahindra Group and Kae Capital.
Gurugram-based e-commerce logistics startup Delhivery was founded by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati in 2011. It provides a technology platform to enable efficient end-to-end logistics solutions across different transportation modes with complete visibility. It also provides warehousing services in order to provide comprehensive solutions to its clients.
In May 2017, Delhivery raised $30 million in a private equity round from Fosun Group.
Mumbai-based logistics startup TransportEG was founded by Siddaraju HV and Krishna Guha in 2015. It provides an online dynamic ecosystem to connect transportation service seekers with transportation service providers in a seamless manner.
Last month. TransportEG secured ₹13 crores in a funding round from private equity arm of Infrastructure Leasing & Financial Services (IL&FS).
Bengaluru-based tech-enabled freight aggregator TruckEasy was founded by Nikhil Thomas, Vikram Kodgi, and Avinash Achar in 2015. It enables businesses with convenient truck rentals with live tracking to facilitate intracity logistics solutions.
Earlier in July 2018, Tata Motors Finance Holdings, a wholly-owned subsidiary of Tata Motors Limited, picked up a stake in TransportEG.
Mumbai-based logistics technology startup FreightBro was founded by Raghavendran Viswanathan, along with Mohammed Zakkiria, and Anand Babu in 2017. The startup enables freight forwarders with intuitive solutions to facilitate efficient logistics.
FrieghtBro raised an undisclosed amount of seed funding from Suresh Kumar in May 2018.
Ahmedabad-based on-demand transport booking startup Trukky was founded by Sashwat Sahu and Subhashish Das in 2015. The startup provides an online booking platform for trucks enabled with live tracking and live pricing.
Trukky raised $220,000 in a funding round in May 2017.
Bengaluru-based online freight marketplace BlackBuck was founded by three IIT Kharagpur alumni Rajesh Yabaji, Chanakya Hridaya, and Ramasubramaniam B in 2015. The startup provides a technology platform for shippers and fleet operators to connect and facilitate seamless logistics solutions.
New Delhi-based logistics technology startup GoBOLT was founded by Naitik Baghla, Parag Aggarwal, and Sumit Sharma in 2015. It provides a SaaS-based platform for Line Haul and Last Mile solutions.
In November 2017, GoBOLT raised an undisclosed amount of debt funding from an independent boutique advisory firm BlackSoil.
Bengaluru-based Logistics planning startup Locus.sh was founded by Nishith Rastogi and Geet Garg in 2015. It provides an intelligent logistics automation platform to optimize on-demand deliveries, in order to boost efficiency for its clients across different verticals.
Locus.sh last raised $4 million in pre-series B round led by early-stage venture fund rocketship.vc, along with participation from other investors like Blume Ventures, BEENEXT, Pi Ventures, among others in June 2018.
Gurugram-based AI-powered logistics startup Shipsy was founded by IIT graduates Soham Chokshi, Dhruv Agrawal, Maharshi Devraj, and Himanshu Gupta in 2015. The startup provides a data-driven platform that leverages machine learning to help its clients to overcome issues like driver allocation to eliminate inefficiencies.
In April 2016, Shipsy raised around $1 million from courier service company DTDC Express.
Bengaluru-based logistics startup LOBB was founded by Venu Kondur and Jayaram Raju in 2015. The startup provides a technology platform to enable transporters and truckers to transact in a transparent ecosystem, enhancing efficiency and reducing costs.
LOBB claims to have more than 1600 truckers and over 450 transporters on its platform.
New Delhi-based tech-enabled logistics solutions provider FarEye was founded by Kushal Nahata, Gautam Kumar, and Gaurav Srivastava in 2013. The startup enables businesses with customised supply chain and logistics solutions by leveraging artificial intelligence and machine learning technologies.
According to reports, FarEye raised around $9.5 million in a funding round in February 2018.
Bengaluru-based e-commerce logistics startup QikPod was founded by Ravi Gururaj in 2015. This logistics startup takes a unique approach towards solving the last mile coverage problem through smart QikPod lockers, enabling customers to pick up their deliveries at their own convenience, simply by entering the OTP.
QikPod last raised $9 million in a funding round led by Indian e-commerce Flipkart and Accel Partners in November 2015.
Bengaluru-based express logistics startup Spoton Logistics was founded in 2011. The startup provides complete logistics solutions to industries such as hi-tech, automotive, engineering, pharmaceutical, electronics and electrical, and lifestyle and retail.
New Delhi-based e-commerce logistics startup Ecom Express was founded by T.A. Krishnan, Manju Dhawan, K. Satyanarayana, and Sanjeev Saxena in 2012. The startup uses cutting-edge technology to facilitate end-to-end logistics solutions by enabling first-mil pickup, processing, network optimization, and last mile delivery.
Mumbai-based global logistics aggregator Vamaship was founded by Bhavik Chinai in 2015. It enables shipping via air freight, ocean, and surface, through its vast network of logistics partners. Vamaship claims to ship across more than 200 countries in partnership with over 100 logistics partners.
India’s logistics sector is vast, employing around 22 million people and it continues to grow, as the need for efficient logistics increases. Indian is witnessing a growth in the manufacturing and technology sector, in regards to the open government policies and a surge in investment from foreign investors.
Improvement in India’s ranking in World Bank‘s 2016 Logistics Performance Index is further expected to boost the confidence of entrepreneurs and investors in the growth of the logistics sector. India was ranked 35th in 2016, compared to 54th in 2014.