Number of pages - 80
Till 2010, the technology used in the logistics industry was pretty much the same as it was a decade ago but things are changing really fast now. New innovations and technology solutions are making their way to logistics industry like never before and backing those innovations is huge amount of cash. Till June 2018, the logistics tech startups had raised ~$375M. In 2017, these 30 start-ups raised a funding of more than~ $750M, which was ~50% higher than 2016. The year 2015, saw a sharp increase in funding at $568M as compared to less than $300M in 2014.
These 30 start-ups can be broadly split in three categories companies
Freight Matching- Companies like Loji Logistics, Transfix,OnTruck, they have developed their own algorithm to match load with available trucks, thereby reducing empty miles. The brokers have always been a vital cog in the freight ecosystem and these start-ups are lot more efficient in doing that.
Delivery Management– It includes names like Delhivery, Ternando, Shippo, who are providing end- to end delivery solution to companies selling products online as well as offline. Some of them also provide shipping rates, compare shipping labels, tracking information, bills enabling more transparency to buyers as well as sellers
Last Mile Delivery- Companies like Deliv, Quipqup etc.They offer same day delivery to personal as well as business customers. With growth in e-commerce there is growing need for an efficient last mile delivery logistics and these start-ups are trying to solve that problem
Digital Supply chain- Companies like Elementum,Convey and MP Objects are using technology to help enterprises improve their supply chain. Their solution also includes track and trace services along with AI based proactive communication.
The freight matching companies,raised the highest 36% ($920M) of total funding. It was followed by delivery management companies, ~32% ($800M) and digital supply chain companies ~4%($92M).
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