The logistics industry is the backbone of every economy. In the last few years, the eCommerce industry is flourishing in a big way. The growth of eCommerce websites in India enabled startups dealing in logistics to scale up their business and tap into other areas through technology. This allowed them to solidify the existing supply chain solutions and fill the gaps in the otherwise fragmented and unorganized Indian logistics industry.
The current value of the Indian Logistic sector is $160 Billion. At the current growth rate, the Indian logistics industry has reached $250 billion in 2021. As per a 2021 report, India’s LPI (Logistics Performance Index) rank is 35. In this article, we will talk about the top Logistics startups in India. So, let’s take a look at them.
Delhivery
BlackBuck
Rivigo
Edgistify
First Flight
ShiftKarado
4TiGO
Shadowfax
Locus
LetsTransport
Qikpod
FreightBro
Blue Dart
Delhivery
Founders: Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, and Suraj Saharan
Location: Gurgaon
Year Founded: 2011
Founded in 2011, Delhivery is one of India’s leading supply chain services. It is a Gurgaon-based shipping startup. Delhivery is one of the last mile delivery startup companies in India. It envisions becoming the operating system for India. Delhivery’s business model only deals with e-commerce orders; this makes it easy for Delhivery to pick up, connect, and deliver shipments on time. According to its official website, Delhivery has successfully fulfilled over 1 billion orders for more than 55 million households across India. Moreover, the venture brings unparalleled cost efficiency and has a pan-India reach to businesses of over 100,000 customers and over 15 million consumers every month. The latest round of funding was on May 11, 2022.
BlackBuck
Founders: Chanakya Hridaya, Rajesh Yabaji, and Ramasubramaniam
Location: Bangalore
Year Founded: 2015
Formed in 2015, BlackBuck has become India’s largest trucking network by combining data science and logistic services to create a smart supply chain. BlackBuck is one of the few online trucking logistics startups in India. It is a pioneer in bringing the offline operations of trucking online. BlackBuck is committed to making life easier for truckers by allowing them to book a load and move at capacity and enabling shippers access to the right truck, all at the click of a button. The latest round of funding was on October 21, 2021.
Rivigo
Founders: Deepak Garg and Gazal Kalra
Location: Gurgaon
Year Founded: 2014
Rivigo is a technology venture building the material movement pipeline of India. Rivigo’s vision is to make logistics ‘human’. Deepak Garg and Gazal Kalra are the founders of Rivigo. While making logistics human, faster, safer, and cost-effective through excellence in technology, data, culture and operations, it services multiple industries such as e-commerce, automotive, FMCG, and others.
Rivigo has launched a Relay-as-a-Service (RaaS) to offer a relay trucking model to fleet owners and truck drivers in India. Relay Trucking is an operating model wherein drivers change over every few hundred kilometres of driving through a network of relay pit-stops and then get rostered back to their home base. Rivigo launched the National Freight Index in 2019. National Freight Index enables unrestricted, real-time sharing of freight pricing. It has the potential to unlock immense value for the logistics industry.
Edgistify
Founders: Kamal Kishore Kumawat, Antim Suman, and Umang Shukla
Location: Mumbai
Year Founded: 2016
Edgistify is a one of its kind tech platform for logistic firms that aids them in designing the entire supply chain for different industries. It is one of the top logistics startups in Mumbai. As a manufacturer, one needs a reliable warehouse which doesn’t cause problems at present and in the future. Edgistify helps you find the best warehouse in India. It verifies warehouses by inspecting them and making the details available on its website. This way you have the required information at your fingertips if purchasing a warehouse interest you. According to Edgistify’s official website, it has developed a databank of more than 780 Million Sq. ft. of warehousing space.
First Flight
Founder: O. P. Saboo
Location: Goregaon, Mumbai
Year Founded: 1988
First Flight provides services such as priority couriers, e-commerce logistics, air cargo, and train cargo. First Flight is one of the top courier startups in India. It has partnered with Jabong, Myntra, Paytm, Home Shope18, amazon, shop clues, Flipkart, and other major e-commerce companies. First Flight is India’s domestic courier service. The company is in the process of setting up a large-scale integrated logistics division to offer an entire amount of warehousing, inventory management, supply chain services, and distribution channels, thereby providing total end-to-end solutions to its customers.
ShiftKarado
Founder: Atul Mithal
Location: Gurgaon
Year Founded: 2015
Launced in 2015 with the aim to resolve the then-prevailing issues in the relocation industry, ShiftKarado is among the leading technology-driven packing and moving services providers in India. It operates in the competitive, unorganized relocation market to simplify the moving process for its customers. They provide you with the opportunity to track your goods in a real-time movement. ShiftKarado’s last raise was 5 Crores funding in 2019 by Star Worldwide Group.
4TiGO
Founders: Vivek Malhotra and Anjani Mandal
Location: Bangalore
Year Founded: 2015
Founded in 2015, 4TiGO provides a common technology platform along with complementary business services. It is one of the most promising supply chain startups in Bangalore. 4TiGO’s mission is to empower the ever-growing goods transportation industry ecosystem through the synergy of technology and networking. It has raised $10 million in a single round of funding that was held on May 2, 2017.
Shadowfax
Founders: Abhishek Bansal and Vaibhav Khandelwal
Location: Bangalore
Year Founded: 2015
Founded in 2015, Shadowfax is one of India’s largest crowd-sourced delivery platforms. Its unique logistics app enables the delivery of food, pharmacy and e-commerce for businesses and helps them generate customer satisfaction. According to its website, Shadowfax provides services in 150+ cities with over 1,50,000 transactions being processed by it on an average every day. Shadowfax has raised $60 million in funding. The last round of funding was on December 5, 2019.
Locus
Founders: Nishith Rastogi and Geet Garg
Location: Bangalore
Year Founded: 2015
Founded in 2015, Locus is a machine learning startup focused on simplifying the field of logistics. The logistics startup uses artificial intelligence to solve problems such as scheduling, tracking, and the management of on-field fleet in on-demand and hyper-local industry segments. Locus caters to startups, enterprises and brands across various sectors like grocery, furniture, pharma, and consumer electronics. The startup boasts of serving some of the market leaders such as Quikr, Urban Ladder, Licious, and Lenskart. The latest round of funding was on June 2, 2021.
LetsTransport
Founders: Ankit Parasher, Pushkar Singh, and Sudarshan Ravi
Location: Bangalore
Year Founded: 2015
LetsTransport is an intra-city logistics service provider in Bangalore. It is a transport startup in India. Vendors tend to have many clients within their home base and are required to deliver goods to shops and offices within the city. LetsTransport provides logistic service within your city through verified drivers, etsTransportsGPS tracking, and 24/7 service. The latest round of funding for LetsTransport was on June 15, 2020.
Qikpod
Founder: Ravi Gururaj
Location: Bangalore
Year Founded: 2015
Qikpod is a platform that allows you to get the delivery of your parcel using safe and secure lockers. You need to provide the details about your delivery person to Qikpod, and he will deliver the parcel to you in a Qikpod locker. This method of delivery guarantees safety as you can unlock the locker only with an OTP sent on the phone. Presently, Qikpod caters only to the people of Bengaluru. Business tycoon Ratan Tata is one of Qikpod’s investors.
FreightBro
Founders: Anand Babu, Mohammed Zakkiria. A, and Raghavendran Viswanathan
Location: Mumbai
Year Founded: 2016
Founded in 2016, FreightBro provides intuitive solutions which work at the touch of a button. It is one of the top logistics companies in Mumbai. In today’s world that’s dominated by technology, doing business offline is an inefficient way of functioning. FreightBro provides you with high-tech solutions to speed up your day-to-day business activities so that you only focus on the core business. It goes beyond the role of a service provider by acting as an advisor as well. A true business partner indeed.
Blue Dart
Founders: Tushar Jani, Khushroo Dubash, Clyde Cooper, and Clyde C. Cooper
Location: Mumbai
Year Founded: 1983
Blue Dart Express is one of the largest logistics companies in India, and South Asia’s premier expresses air and integrated transportation/distribution company. Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories, and offers an entire spectrum of distribution services. These include air express, freight forwarding, supply chain solutions, customs clearance and others.
Conclusion
With the growing e-commerce business, the logistics business is also showing its growth. At this point in time, the logistic business in India is enjoying full popularity and flourishing from every side. If anyone is looking to start with their own logistic business, they are in for a good show. With the current situation, it seems like the popularity of the logistic business will only grow in the future and it’s just a start.
FAQs
Is the logistics business profitable in India?
Logistics businesses are seeming to increase in popularity with the increase of the e-commerce business and have now become a lucrative industry in India.
How much the logistics business in India is worth?
The logistics sector in India is currently worth $250 billion in 2021.
Which is the No.1 Logistics company in India?
Blue Dart is said to be the No.1 logistics company in India.
