India is making huge advances in automation, pushing the boundaries of transferring commodities. This has caused more and more companies to join Industry 4.0, aiming to meet the high demand for logistics services. To stay ahead of the curve, startups and entrepreneurs are using the best AI, machine learning, and post-digitization technologies available to come up with innovative solutions.
We provide you with data-driven innovation insights into the logistics sector to keep up with technological advances. In this episode, we’ll talk about five hand-selected startups focused on logistics operations and sourcing/procuring management.
iThink Logistics is an end-to-end AI-enabled multiple courier aggregator platform providing services to 26,000+ pin codes in India. It offers a comprehensive online portal with APIs connected to marketplaces and online stores for importing orders, as well as a channel connecting with major courier partners. Furthermore, it gives clients the ability to book shipping services and generate labels, along with offering real-time tracking updates. Its noteworthy features include Patented 6-step NDR technology, an insightful dashboard, and a dedicated key account manager. Based in Mumbai, this company was set up by individuals with a pioneering outlook towards the Indian e-commerce sector and logistics ecosystem; now serving 5000+ customers regularly, it has processed 25000+ shipments daily while its coverage reaches 180 countries through 26000+ pin codes served.
CapGrid is an end-to-end source-to-deliver business for low-complexity direct material spend in automotive and industrial manufacturing. With over 30,000 manufacturers at our disposal and the utilization of AI-enabled sourcing platform technology, sourcing can be done 10X faster than usual. This novel venture has been successful in simplifying procurement complexity and cutting inventory by half as well as reducing material cost by 5% for several large manufacturers since its inception in December 2019, launching operationally in January 2021.
In related news Capitalize on the Explosive Growth of E-Commerce
Upon its launch in 2016, Move was formed to provide top-notch service to vehicles transporting goods for the e-commerce, courier, pharmacy, and retail industries. Founded in 2015 by creative and resourceful individuals with a modern outlook on India’s trucking industry, Move has since established itself throughout the country. Their commitment to revolutionary new concepts has allowed them to become a leader in long-distance high-speed trucking solutions.
Transport Corporation of India (TCI group), with income surpassing Rs.5000 crores, is India’s premier integrated multimodal logistics and supply chain solutions supplier. As “Leaders in Logistics”, TCI ceaselessly strives to refine existing systems, processes, and efficiency. With expertise covering over six decades and infrastructure consisting of a sweeping network of 1,500+ company-owned offices, 13 million sq. ft. of warehousing space, an experienced team of 5500+ trained staff members and a solid foundation, TCI group has stretched beyond borders to provide hassle-free multimodal transportation solutions both domestically and globally.
Locus is a premier technology company that tackles global supply chain issues with an innovative solution: last-mile logistics. Through the use of advanced optimization algorithms and workflow automation, their order-to-delivery dispatch management platform helps enterprises not only maximize efficiency but also ensure customer satisfaction. Since its inception in 2015, Locus has enjoyed the backing of prominent investors such as GIC Singapore, Qualcomm Ventures, Tiger Global, and Falcon Edge. They have been successfully providing delivery solutions for big names across numerous industries worldwide, helping facilitate 650 million deliveries in over 30 countries spanning North America, Europe, Southeast Asia, the Middle East, ANZ, and the Indian subcontinent.