Top 10 Logistics Startups in India
ฝัง
- เผยแพร่เมื่อ 16 พ.ค. 2024
- Logistics startups are the backbone of India’s bustling ecommerce industry. India’s logistics market is pegged at $215 billion and entrepreneurs are taking the opportunity to bring in efficiency and structure into a largely fragmented and unstructured industry. Logistics companies will continue to play a vital role in helping the country to grow its economy.
Let’s take a look at India’s top 10 logistics startups. 00:00
01:39 #10 Porter: Founded by Pranav Goel, Uttam Digga and Vikas Choudhary in 2014, Porter offers an online platform for businesses and individuals to book a mini truck at affordable prices for their intracity logistics needs. The company has raised $13.7 million from investors like Sequoia Capital, Kae Capital and InnoVen Capital.
02:13 #9 LetsTransport: This last-mile logistics startup was started by Pushkar Singh, Sudarshan Ravi and Ankit Parasher in 2015. LetsTransport is an inter-city truck aggregator platform that helps companies across sectors like FMCG, retail and ecommerce to schedule on-demand bookings. The startup has raised more than $20 million from investors like Bertelsmann India Investments, Fosun RZ Capital and GMO VenturePartners.
02:58 #8 Locus: AI-based logistics management startup was started by two friends Nishith Rastogi and Geet Garg in 2015. The idea for Locus came to the founders from their previous women safety app RideSafe. These young entrepreneurs integrated their women safety app’s live fleet tracking feature into Locus to create an intelligent platform that would help logistics companies to automate their logistics management and making deliveries more efficient.
04:06 #7 LogiNext Solutions: Dhruvil Sanghvi and Manisha Raisinghani leave their consulting jobs in the US to start LogiNext Solutions in 2014. Today, this SaaS-based logistics management startup is helping logistics companies across multiple markets like India, US, Singapore and UAE. Till date, LogiNext Solutions has raised almost $50 million from investors like Tiger Global, Steadview Capital and Paytm.
05:17 #6 Shadowfax: Founded by Abhishek Bansal and Vaibhav Khandelwal in 2015, Shadowfax is a last-mile on-demand logistics startup that partners with delivery boys and mini trucks to offer a one-stop delivery solution to logistics companies. Shadowfax has raised almost $120 million from multiple investors like Eight Roads Ventures, InnoVen Capital and Flipkart.
06:14 #5 Xpressbees: Started by FirstCry founders Amitava Saha and Supam Maheshwari in 2015, Xpressbees was spun-off from FirstCry and become an independent entity offering full-blown logistics services to its customers. Till date, Xpreebees has raised $167.6 million from Alibaba Group, InnoVen Capital, Chiratae Ventures and SAIF Partners.
07:06 #4 Ecom Express: Founded by T.A. Krishnan, K. Satyanarayana, Manju Dhawan and Sanjeev Saxena in 2013, Ecom Express is an e-commerce focused third party logistics provider. In the last seven years of operations, Ecom Express has emerged as a market leader in ecommerce logistics segment and its network coverage allows it to serve more than 90% households in the country. Every major ecommerce startup is their client including Flipkart, Amazon, Snapdeal, Paytm, Udaan and Nykaa. The company has raised $215.4 million from Warburg Pincus, Peepul Capital and CDC Group.
08:08 #3 Rivigo: In 2014, Deep Garg and Geet Kalra set out to make the profession of truckers more humane and address the growing need of truck drivers in the country by starting Rivigo. The company’s innovative relay trucking model, not only helps its drivers to go home to their families every day but also makes deliveries for their customers much faster. It is no surprise that Rivigo has become a unicorn and continue to enjoy the support of its investors who have pumped in more than $250 million.
09:19 #2 BlackBuck: Founded by Rajesh Yabaji, Rama Subramaniam and Chanakya Hridaya in 2015, BlackBuck is India’s largest truck aggregator platform. By creating a marketplace for logistics companies and truck drivers, BlackBuck not only offers more earning opportunities for drivers but also better pricing for the companies. BlackBuck now has more than 400,000 trucks on its platform that serves more than 15,000 clients across the country. It has raised almost $300 million from Accel, Goldman Sachs, Sequoia Capital, and InnoVen Capital.
10:05 #1 Delhivery: India’s first logistics unicorn was founded by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Kapil Bharati and Suraj Saharan in 2011. Delhivery was started as an express local logistics delivery startup in the Delhi-NCR region and in less than a decade, it has expanded its presence to over 2,500 cities in India and delivers more than 1 million parcels every day. The startup has raised almost $1 billion from its investors to become India’s leading logistics company.
#logistics #backstagewithmillionaires #bwm
A Locus ex-employee here. Was an engineer there when the engineering team was very small. Geet is an excellent CTO. Loved working with him.
Wow Random Guy, that is amazing. Locus is a really great company, they definitely have a really strong technology product. We would love to interview Geet some day.
-Varun
Hello random guy..I am from pakistan and working on logistics startup. It'd be really great if u could give me some pointers.
you can contact me through:
my linkedin Profile:
www.linkedin.com/in/amin-ullah-khan/
Email:
amin.kh_007@protonmail.com
I met Rastogi once during the BITS global meet.
💲🎬📽🎞
@@aminkhan-sg3gq you can learn from these startups
No one:
Backstage with millionaires: Paints a minimalist Tesla Semi truck like a traditional Indian TATA truck
😂 I couldn't resist Biplab! After hitchhiking across India back in 2017, I have some weird connection with these goods carriers. I got a lift from a few of them, and also got passed by probably hundreds while I was sticking my hand out waiting, all with their own unique horn sounds, painted letters, hanging tassels, etc. and so when I started making this thumbnail about Indian logistics, I was trying to imagine what an Indian Tesla Semi would look like if it was driven by a typical Indian truck driver. -Caleb
@@backstagewithmillionaires lol
@@backstagewithmillionaires well, it worked. I viewed the video just because of the image. And now I have subscribed your channel as well..
ও স্নেহাল তুই এখানে
That image came just after the launch of Tesla Semi.
Rivigo's business plan blew my mind so simple yet no one could see it. Just wow. Best of luck to them.
A very well compiled list.
It was eye opening, how such an ingenious model was being used by Rivigo. I am sure you know the condition of truck drivers in India and how they have to drive long distances non stop risking their lives and others on the road. They have certainly brought huge relief to a lot of families. Let's see how far they go!
We are really glad that you liked the video Abhishek :)
@@backstagewithmillionaires To be honnest I was not aware about their condition. I mean I never had to give a thought, that is why Rivigo's business idea was something that took me by surprise. It isn't like Delhivery and others which are based on e-commerce, Rivigo is something that is truly innovative kind of like Drink Prime. 😊☺️
There is a video about truck driver's life in Satyameva Jayate.
Exactly.. I had a solution but it is complicated.. this is so simple yet effective..
The thumbnail was irresistible..😂
Clicked just because of that..
Thank you Deepa 😂 this is Caleb here - I was really hoping that you and everyone else would find it funny instead of clickbaity, so I'm glad to hear that that was how you interpreted it.
same 😂
@@backstagewithmillionaires I also.. I Was thinking Ohh new technology truck on the road
It's a tesla😂
@@sachinreddybappa1273 no, it's a tesla, and it's not operating anywhere rn, maybe in US
Nice to see that startups are solving a very important problem of India.
Thank you for reporting this, also it is great that you tell the backstory of these startups.
Hi Gyani, this is Caleb here. It definitely is great to see the progress that is being made in the logistics space, not only from a customer perspective, but also from a truck driver perspective. I have travelled with truck drivers in India as well as Canada in order to save money and for adventure, and the difference in quality of life is huge. I really hope that with these innovative startups taking steps towards improving the quality of life for these truck drivers, someday truck driving in India will be thought of as a humane, respectable, and safe profession, the way that it is in some other countries.
@@backstagewithmillionaires wow. Excellent and kudos to your humane
Xpressbees was founded in Pune. Nice to see startups from 2nd tier cities. 😊
Hi Abhishek, this is Varun. Actually, Pune is now a tier 1 city, had to confirm that lol. Apart from Xpressbees, Rebel Foods (parent company of Faasos) is also based in Pune and it it already valued at over $700 million.
There are not a lot of startups from tier 2 cities, compared to tier 1 cities but there has been an increase in the last few years for sure. These cities certainly need more support in terms of investment, icubators and mentors for sure.
@@backstagewithmillionaires Nice to know that Pune is now a tier 1 city. 😊
And yes I learnt it from you guys that Rebel Foods has it's headquarters in Pune itself.
@@abhishekdev258 even Infosys started from pune
@@defencebharat8174 oh.. didn't know.. thanks
@@defencebharat8174 Magarpatta
Have used Porter and need to tell you this that they have made things incredibly easy for people in metro cities. Loved you work. Keep posting.
Even I have used Porter (once) Prateek and had a pretty good and convenient experience.
Also, glad that you enjoyed the video🙂
We have more videos coming up for you guys👍
-Varun
Hey guys! Absolutely love your videos, please make more videos on India's startups, I enjoy these the most,
I worked in Blackbuck for almost 3 years and It was a great place to work in.
Presently working in Delhivery.
Is Delhivery also good? Also, may I ask what you did there, or what part of the company you worked in? I have only heard good things about these companies 🙂 -Caleb
Yes.. both are very good companies..
I worked in the department of Supply.
@@BengalGoatHerd can you tell me your salary
Great post, Caleb and Prithvi! Very informative. I've been with LogiNext from almost 5 years now and it's a sector growing by leaps and bounds. Expect more Unicorns soon!
Your information is very good. Your work is remarkable and very unique than others 🤘
Thank you so much for that amazing comment Saurav, it means a lot to us🙂
-Varun
God why did I not come across this channel earlier. It's amazing. Thank you so much for your effort ❤️
Thumbnail was dope. Let me guess, Tesla's semi-truck in Indian skin. 😂😂
Yup.
Hahaha yes Abhishek, this is Caleb here - you're spot on. I thought about putting some of the company logos like I usually do for these top 10 thumbnails, but couldn't resist the All India Permit Tesla Goods Carrier idea 😂 glad you liked it.
@@backstagewithmillionaires You too are spot on with "All India Permit". 😂 You are a good observer.
Haha yes, I actually did a bit of travelling a few years ago and got a couple of lifts in these trucks, and that is when I noticed all of the little details like AIP, Use Dipper at Night, Horn OK Please, etc. For some reason I love these little details, and the way that they are painted with the colourful, stylised letters.
@@backstagewithmillionaires you had hitchhiked with truckers...bro even I haven't done that yet. 😮
Really a good video. Good Research and Video gave away a lot of info in a short time. Nicely structured.
Rivigo's business model is really interesting.
If possible, i would love to see a video on Indian Digital Gaming Companies.
Hi Prateek, so glad that you enjoy and appreciate our content format and style! Rivigo's business model definitely is interesting, and innovative, which is why I guess they've managed to become as successful as they are. I love the fact that they are bringing some humanity to the trucking business.
Regarding the gaming companies video, we recently made a video about the top 10 casual Indian mobile gaming startups, would love for you to check that one out and to hear your thoughts on it: th-cam.com/video/eBcVw1vXldU/w-d-xo.html
However, if there's another kind of gaming video you want to see, please let me know and we can add it to our list! -Caleb
Correction: At 5:49 we missed a zero! It should be 100,000 DELIVERY PARTNERS, not 10,000 DELIVERY PARTNERS.
Comma is misplaced in the second part of the comment
Fixed 😂 -Caleb
It's okay
@@backstagewithmillionaires the video is well articulated, just wanted it to be perfect.
I can see more infographics and videos than before. It is a welcome change. 😊😊
Hey Abhishek, Caleb here - I had you in mind while I was adding this actually! I saw your comment in a previous video and appreciate the constructive feedback that you're always giving us. Sometimes we just don't have the time to add so many external videos and graphics, especially with the news videos which have a quicker turnaround time, but we're trying our best to make the videos as engaging and visually interesting as possible 🙂
@@backstagewithmillionaires I can only say that I am glad that you value my feedback and actuatally I see my feedback as my contribution towards the betterment of Indian Startup community..hehehe..😋😋 (Because I consider your channel as a no nonsense startup news channel)
It definitely is valuable to us, and as you know, we read every comment, so please continue to share your thoughts and ideas with us, they mean a lot!
@@backstagewithmillionaires oh yes Ofcourse
a great illustration of the logistics local startups - thanks mr. caleb friesen -
These startup story videos are helping me a lot in finding new companies & getting my solutions.
We are so glad that you are finding these videos helpful, Abinash.
-Varun
The information is very good.. Loved it.
Can you make a video on public logistics companies.?
Man rivigo business model is somewhat similar to paper and parcel. Yet execution is everything.
Execution definitely is everything, and these guys nail it! I was really surprised to discover that an Indian logistics company was adopting more humane policies with regards to their employees/drivers - it makes me feel that India is moving in a really positive direction, even if the cost of delivery increases a bit. -Caleb
Wow, nicely put! Great informations
Thanks Rayyan 🙂
Amazing Content, I haven't subscribed to any channel's from past 3-4 years not even my favourite creators but you have earned it !!
Everybody is gangster until rto's bolero shows up!
😁😁
😂
I have seen drivers literally changing their route if they see a RTO Bolero on the road😂.
Informative and useful information in one place, excellent work.
We are glad that you found the video informative Pradeep. Do take a look around, we have a lot more of those.🙂
-Varun
I love your videos, giving important information in sort format
We are glad that you are enjoying our videos Mohit.
-Varun
Superb 😍🤘✌️😊....u just nailed the TRUTH 😊✌️😍
We MUST IMPROVE IN logistics ✌️✌️😊❤️❤️🇮🇳🇮🇳
Great content, keep up the good work : )
Thanks Neal! -Caleb
Couldn't resist my self after seeing the thumbnail 😂😂😂🙏🔥💯
We are glad that you liked it Mohan😁
It took Caleb a while to make that one, looks like it was totally worth it!
-Varun
Great Video! Kindly make startup top in different sectors.
Sooo much happening here in India!! 😳 Wow! Many thnx for sharing.... 👌👍👍😃
We are glad that you are enjoying our content Nitin 🙂
-Varun
nice video Caleb bro. I like your way of interacting with your subscribers
Thanks Vikas! I really look forward to reading and responding to comments, as it makes me feel that what we are doing is worthwhile and that people are enjoying our videos and learning from them 🙂
Thanks, that was very informative.
Sure thing Sami, thanks for watching 🙂 -Caleb
Thumbnail is epic 😂 . Nice content man, keep it up 👍
We are glad that you liked it Bhatu, Caleb took a lot of time in making that one. It is great that you are loving it🙂
-Varun
Yesterday only I am happen to saw your vedio clips. It is very unique & cover different fields & subject. It is very much useful information. Really hatsup to you.👍
Thanks a lot Paitenker! I'm really glad you're enjoying our videos, and hope you'll stick around for more. -Caleb
I'm very happy that you are providing information about Indian Startup eco-system
So glad you're enjoying the videos Smart Hindi TV, and that you find the information valuable!
Wish to be a part of this list someday.
Atharva Kulkarni.
EasyPort, SmartUp.
Wanna join??My dream is also the same as yours let’s start doing it let’s get connected
I’m a Data Scientist at a major logistic firm. Maybe, I will also be on that list someday.
Great to see those great replies... All the best to you guys ....
Very nice and interesting blog. So make more on the shipping and logistics industry
Thank you so much Austin! We will add this to our future videos pipeline.
-Varun
& absolutely, This is very logistic video
We are glad that you loved it Vikas!
-Varun
I think this video deserves an update. With more governmental focus on infrastructure development and more government projects like the dedicated freight corridors getting completed, I’m curious how the startup landscape in this sector has changed
Its nice..can learn something more..👍
That's awesome Murali, I'm glad to know that our videos have taught you something! 🙂 -Caleb
The dedicated freight corridor gonna boost logistics amazingly
Keep up the good work.
Thank you SchoolDays! -Caleb
Great and inspiring people. Respect from Burma.
Thanks a lot Steven! -Caleb
Thanks for sharing this video
We are glad that you enjoyed the video Lakshman!
-Varun
Awesome man 🙏
Thank you Akash 😁 -Caleb
Thanks for telling us were are lacking i belive my india will take surely take necessary decision as per need as it is world's largest democracy country .have a nice day and see you soon
very informative video sir. kindly provide the link of mentioned mcKinsey report for just educational purpose. Thank you.
Gud information
Nice bro
Keep it up
Thanks Smart Hindi TV 😁
can u put a video on warehousing sector in india. Cover both - cold chain and non cold chain.
There is a new logistics Start-up in MP, "Dhani Roadline" It is growing very well
Good content 😊👍
Thanks a lot! 🙂
The big daddy and first mover in this segment LYNK. Of course it a part of the Tata Motors group of conies. FYI Tata Motors has innovated at least these two things on Indian roads.
(1) Replacing old three wheeler "share autos" with newer four wheel Tata Magic and it's mini pickup version Tata Ace.
(2) Sold vehicles by directly approaching drivers' unions and associations.
AP
Delivery awsome service
nice video with nice efforts
Thank you for the appreciation Ashutosh🙂
-Varun
Good video 😃
Amazing knowledge
Thanks so much Pankaj! 🙂 -Caleb
@@backstagewithmillionaires sir can i meet you by any method i am really curious how you get the exact and complete knowledge on startups
I also want to be an entrepreneur and want to be in your list of startups
By the way i am iit ropar 1st year student at electrical engineering
Hi Pankaj, my knowledge is actually quite limited. I only know about startups from listening to entrepreneurs/VCs talk about them. I've never started up myself, and I didn't study business, economics, or anything like that. Most of the things I know about starting up and entrepreneurship come from building this TH-cam channel over the course of the last two years.
However, if you have any questions you want to ask about entrepreneurship, do tune in tonight at 8 p.m. for Prithvi's livestream, he'll be answering questions about starting up and entrepreneurship there (and unlike me, he is an expert on startups and entrepreneurship). If you want to connect with me, we'll be doing a livestream when we hit 100k where we'll be answering questions together. Also, you can @mention me on our Discord server - I'd be open to doing a live voice chat in one of our voice channels over there if you can get a few people together who are interested! -Caleb
Very informative.
Thank you Himanshu!
-Varun
Great video
Thank you Kamailoudini! -Caleb
wonderful
Damn! There was this guy in the audience of Rahul Subramanian's bangalore crowd work standup comedy(available on yt) who Rahul made a joke on. Never thought the startup he works in is on its journey to boom 🤯
Sir can you create a video on top automobile startup in india.
Please create a video on Space tech startups in India and other top startups around Asia or USA.
Hi Saket, great idea - we actually have a spacetech video in production right now! -Caleb
Awesum
Thank you Rajni!
-Varun
10:09 Everyone knew it
Waiting for biomedical/biotech/Pharmaceutical startup news.
We're working on a script for that - although we have many scripts in the works, so you may have to wait a little while for that one. But it will come!
@@backstagewithmillionaires 😊😊
Absolutely fascinating insight into India's booming logistics industry! At CGL Logistics, we're committed to enhancing efficiency and structure in this dynamic sector, offering top-notch services in warehousing, transportation, and freight. Learn more about our innovative solutions!
The India's number 1 truck logistics and travels is VRL
From a 1 Truck to number 1 Indian Logistics & Travels Company
India is best
The main problem is that there is no towing culture in India like America ..
People who owns a pickup trucks , they just throw huge amount of overload on the bed , they don't even care about the loading capacity of it....
No-one in India has introduced the concept of towing trailers of pickup trucks , u will only see trailers for semi trucks only......
If someone introduces this concept of trailers , I bet he will be more successful in this field ....
appreciate it
Thank you so much blw_canvas!
-Varun
Can u also list out the shareholdings of delhivery?
Need Job Im these companies I have 7+ Years experience in Fleet Management and Logistics Manager
เยี่ยม
Missed ekart
Agreed
Hi guys, this is Varun from Backstage with Millionaires. You are right, we missed Ekart Logistics. While all the startups mentioned in the video started to offer their services to other companies right from the beginning, Ekart only started to offer it's services to other customers only in 2016. The company doesn't seem to give out much data in terms of their business, so we were a little hesitant to include them on the list. However, they have been handling Flipkart's logistics since 2009. So you guys are right, they do deserve a mention. Will try to be more comprehensive in the future.
Thanks for the input and do check out our other videos. :)
India genuinely needs to improve the infrastructure both road and rail.. The average distance travelled by a truck in India is about 330 kms.. Which is well short of 600+ kms in developed countries..
Exactly my thoughts, the startups are doing their job, infra development will boost it even further. And I am glad that it is already happening, the core of the plan is expressways, bypasses, ring roads, new and improved highways, port modernization, dedicated freight corridors of rail. Do check out some channels that provide info on these aspects, I have been following them for a few months now and it is amazing what is happening already and what is planned too. The initial phases of all these are around 2024-25, if they complete in time, let’s say max 2026 because the progress has been good enough. It would be amazing to compare in 2026.
nice
hey guys great work. can you please make a video on Indian Automotive startups?
Hi. How do you start a logistics company? What are the usual obstacles and how much investment does it incur?
Hey Saif, this looks like a question Prithvi would be in a better position to answer for you. You can ask him directly on one of his livestreams that happen every Friday at 8:00 P.M. You can drop in to ask your questions 🙂
-Varun
Please make a video on the top 10 e-waste startups in India.
Thanks for the suggestion, Uday. It seems like a really good idea, we will add this to our future videos list.
-Varun
Rivigo's idea is genius
Yeah, it's amazing how simple their idea is and yet but a lot of people seem to be doing it.
-Varun
Heard of wheelseye??
Delhivery is so good that if you ship a material, it stays in that particular city for three days.
That thumbnail is so good 👍 🙌 👌 👏
Thank you so much आshu!
-Varun
Yes too good
I have downloaded the video so that I can use the information when I start my own ecommerce website
Oh wow, Kindness. We are really glad that our videos are helpful for you🙂
Good luck with your e-commerce business.
-Varun
@@backstagewithmillionaires yes your videos are really good, please keep up the great work
I would wont mind partnering
Checkout this super cool Networked Freight Management company called Pando, that's been taking India's logistics space by a storm.
Super
We are glad that you enjoyed it Krishna.
-Varun
I had this idea, what ravigo is doing right now. I got this idea after watching a TH-cam video which explains about the truck driver conditions in India. 😶 late..
Hey Atif Zia, I think in a ways it's a good thing that you can see that your idea is already validated. I feel like it's more about the execution than the idea itself. Sure, Rivigo has a lot more money than you but that shouldn't really discourage you from working towards your idea. We wouldn't have any new startups if people were worried about competition. Also, I am sure, you can find a new problem to solve as well, there it's never a dearth of problems. 🙂
-Varun
Porter
Loginext
Rivigo
Blackbug
Make a video on Indian Space startup plzzz
Hi Piyal, that video is on the way 😁 -Caleb
I clicked because of thumbnail! :)
Hey Akaash, hope you liked the video as well? 😁
-Varun
Links for all the companies woulde helpful.
That's a good idea, Abhinash, we will try to do that with our future videos.
-Varun
Let as do our way u not worry
Some Facts for You: The E-Commerce companies Trust Delhivery for Large Amt. COD orders. So if u order a product of high cost most of times it will be Delhivery who's trusted it with
Never got any complain about delhivery ever it’s the best
Smart Thumbnail brings more Indian 😅😅😅😅
Hey... Nice video... Please have a look at Freight Tiger and its business model in the Logistics Industry. It's a startup founded in 2015 by a Harvard Alum after working for 15 odd years in US. Please do check and let us know your thoughts on it.
Thanks
Hi Shashank, thanks for bringing these guys to my attention! It definitely looks like a promising company, and the fact that they've been around now for about 5-6 years means that they've survived for longer than 90% of startups. I just hope that the $73 million that they've raised will be enough to get them through the COVID-19 pandemic, as the logistics space is suffering right now due to a significant decrease in volume. But with 60+ shippers on their platform, I think they'll survive 🙂. -Caleb
Mention the market cap & revenue of the company too. Not only the amount of money they raised .
Share business ideas and where we can learn to?
I am just asking, No offence. I checked your channel and u seem pretty interested in Indian economy, I mean any reason? Forgive me if I am missing something, I came to know this channel because of the thumbnail 😁😁
No offense taken Malika! We actually made a video about why and how we started this channel, do check it out here: th-cam.com/video/KjySP-7acyY/w-d-xo.html -Caleb
Please devide the companies between B2B & B2C companies & list them accordingly in the video description, so that a customer can choose the company accordingly.
That is a good idea, Abinash. I'll take a look and see if it makes sense. Or we might even make separate videos for B2B and B2C companies next time.
-Varun
@@backstagewithmillionaires, That's better.