StartupTalky

Tag: logistics

  • Freightwalla: India’s leading digital freight forwarding company

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Freightwalla.

    Freightwalla offers a full-stack online platform for businesses to plan, book and manage international freight shipments seamlessly. The Company provides instant quotations & booking of ocean freight, real-time tracking of shipments, and several other digital solutions to streamline supply chain processes. With over 300+ active customers, 30+ shipping line partners, and serving over 1000 port pairs, Freightwalla envisions revolutionizing international maritime logistics with much-needed transparency, simplicity, and service excellence at each step of the operation.

    StartupTalky interviewed Mr. Sanjay Bhatia (Co-founder & CEO, Freightwalla) to get insights into the startup story and roadmap of the organization. In this article, you’ll discover how Freightwalla was started, its business model, funding, growth, future plans, and more.

    Freightwalla – Company Highlights

    Startup Name Freightwalla
    Founders Sanjay Bhatia (CEO), Punit Java (CTO), Bharat Thanvi (CMO)
    Headquarters Mumbai
    Founded 2017
    Industry Shipping & Logistics
    Website freightwalla.com

    Freightwalla – About and Vision
    Freightwalla – Market/Industry Details
    Freightwalla – Idea and Inspiration
    Freightwalla – Product/Services offered
    Freightwalla – Founders and Team
    Freightwalla – Ideology behind Name & Logo
    Freightwalla – Business Model & Revenue Model
    Freightwalla – Launch and Marketing Strategies
    Freightwalla – Challenges Faced
    Freightwalla – Growth and Stats
    Freightwalla – Funding and Investors
    Freightwalla – Advisors/Mentors
    Freightwalla – Recognition and Achievements
    Freightwalla – Future Plans
    Freightwalla – FAQs

    Freightwalla – About and Vision

    Established in January 2017, Freightwalla is India’s leading digital freight forwarding company.

    Freightwalla offers a full-stack online platform for businesses to plan, book and manage international freight shipments seamlessly. The Company provides instant quotations & booking of ocean freight, real-time tracking of shipments, and several other digital solutions to streamline supply chain processes. It thus empowers shippers with state-of-the-art technology and tools to better organize and monitor their logistics at scale and affordable prices.

    While the current freight and shipping industry is largely unorganized and reliant on manual and offline processes, Freightwalla is digitizing the country’s traditional USD 160 billion logistics sector by introducing the latest technology solutions for the EXIM fraternity. The Company addresses shippers’ major pain points associated with working with traditional freight forwarders. It includes enabling exporters to view the costs & schedules of multiple shipping lines, helping them choose the best option for their needs, managing all their shipments online, including document automation and track & trace, and also providing all logistics services under a single roof such as Customs Clearance, Transportation, Insurance, Pre-shipment inspection, Trade finance, etc. through its partners.

    All of the above is backed by the use of state-of-the-art data analytics and ML algorithms offering intelligent and customized insights, prediction of cargo delays, efficient document processing, and other trend analysis.

    Ultimately Freightwalla offers improved transparency through these solutions that empower businesses to make intelligent decisions and improve efficiency. It has helped save as much as 70% of man-hours otherwise spent on traditional freight forwarding processes. At the same time, customers who have used the digital platform have reduced their documentation processing and turnaround times by 30%. Customers can now make better decisions due to increased transparency and thus exercise better control of their supply chains’ performance & costs.

    The mission of the company: To build a service that addresses the needs of modern business of simplicity and transparency for shippers worldwide

    Freightwalla – Market/Industry Details

    India’s Shipping & Logistics sectors are the backbone of the Indian economy. The sector is increasing at a 10.5 percent CAGR and hit USD 215 billion in 2020. India’s trading around 95% in volume and 70% in value terms accounts for maritime transport. India has 12 major, and 205 notified minor and intermediate ports. The Indian ports and shipping industry plays a vital role in sustaining growth in the country’s trade and commerce. India is the sixteenth largest maritime country in the world, with a coastline of about 7,517 km. In FY20, essential ports in India alone handled 704.82 million tonnes (MT) of cargo traffic.

    This industry is mainly dependent on two of the most unorganized sectors of India – transportation, and warehousing. Digitalization is now being introduced in logistics services, which has drastically improved port management and transportation efficiency, directly boosting the economy by speeding up the delivery of goods and improving international relations.

    (Source: Indian Logistics Industry Outlook, 2020, NITE)

    Transport and Logistics Business Industry opportunities in India
    the transport and logistics industry is profitable to any business with capital investment. In the transport industry, India shows a superior growth rate.
    StartupTalkyVibhavari Madki

    Freightwalla – Idea and Inspiration

    Post Sanjay’s master’s degree from Singapore Management University, he worked with many leading consulting, private equity, and venture capitalist firms. While working with PWC as a strategy consultant in the logistics industry, he realized numerous challenges the sector was going through. Similarly, while working with a leading venture capital firm based in Singapore, Sanjay grew his understanding of various technology-backed business models that could solve several challenges of the EXIM industry. During the same period, numerous digitized platforms and Logitech companies were on the rise, and the introduction of modern technology to the logistics industry was catching pace.

    The founders started by developing a prototype and reaching out to the exporters and shipper associations to pitch their idea. Upon their feedback, the founders concluded that the demand for such platforms would continue to grow in the coming period, and that’s when after a few months of Beta launch, they finally propelled Freightwalla. With three co-founders, Freightwalla was formed in January 2017.

    Freightwalla – Product/Services offered

    The shippers moving goods from India to overseas primarily face three problems:

    1. Delays & opacity in price quotations
    2. Highly inconsistent delivery timelines
    3. Multiple manual errors that result in delays and cost escalations

    Freightwalla, with its technology-backed platform, solves these challenges while offering an end-to-end digitally-enabled logistics solution. Its innovative digital platform empowers its clients by providing unique tools that leverage technology to bring in unparalleled transparency & control over the supply chain.

    The gamut of services described below, driven by process automation, is the first of its kind in the Indian industry and is the primary reason the company has been able to scale to such a significant level with minimal investments.

    Services –

    1. Instant Quotes and Schedules: A congregated destination of multiple shipping lines serving over 1000 port ports. Shippers instantly compare rates and draw the best pricing, effectively reducing the time spent choosing the right shipping partner from 4 days to 4 minutes.
    2. Cost Transparency: Freightwalla provides comprehensive cost break-up, including local charges and all other additional costs at the time of quotes. Whereas Freightwalla’s services result in better cost management and hassle-free transparent booking, traditional forwarders do not serve all prices at the time of booking.
    3. Real-time Tracking: It offers fully automated ocean and in-land tracking that provides transparency on the shipment status to all stakeholders. The tools such as track & trace, real-time notifications over email & mobile app for all important shipment milestones, alert shippers in due time for corrective actions if any.
    4. Digital Workflow & Document Management: The digital platform uses cloud computing technology and robotic process automation to store bookings, invoices, and critical shipping documents. Digitization also helps reduce manual errors and risks in the documentation process, improving on-time cargo performance and lowering revenue leakages.
    5. Data Analytics Reporting: Users can analyze historic pricing reports to plan for future shipments in advance.
    6. One-Stop Value-Added Shipping Services:
    • Pre-Trip Inspection and Container Survey – Pre-trip inspection of containers and trucks to ensure reliability and avoid delays due to breakdowns.
    • Cargo Insurance- Cargos Insurance with trusted partners at competitive rates.

    FreightBro – Helps Freight Forwarders Operate Smoothly
    FreightBro is an online freight marketplace where we provide end-to-end digital solutions to shippers and freight forwarders. Read the full article to know more about FreightBro.
    StartupTalkyChayanika Goswami

    Freightwalla – Founders and Team

    Sanjay Bhatia (CEO), Punit Java (CTO), and Bharat Thanvi (CMO) are the founders of Freightwalla.

    The founders at Freightwalla bring decades of experience in building world-class technology and logistics operations, backed by advisors with 50+ years in the shipping industry, creating the perfect marriage of technology and domain experience that is needed to transform this industry.

    Sanjay Bhatia | Co-Founder & CEO, Freightwalla

    Freightwalla founder and ceo
    Sanjay Bhatia – Co-founder & CEO of Freightwalla

    Sanjay brings in a wealth of experience from his prior experience with PwC Strategy Consulting, Solera Partners – a venture capital firm, and Everstone Capital – one of India’s biggest home-grown private equity firms. He has consulted numerous Fortune 500 firms and MNC logistics companies and founded and led an NGO. Sanjay holds degrees in Economics, Politics, and Philosophy from the University of Warwick. He also holds a Master of Science degree in Applied Finance from Singapore Management University. He has completed International Baccalaureate from Dhirubhai Ambani International School.

    Punit Java | Co-Founder & CTO, Freightwalla

    Freightwalla founder and CTO
    Punit Java – Co-founder & CTO of Freightwalla

    As the technology expert at Freightwalla, Punit possesses the experience of leading product and engineering teams at Microsoft, Amazon, and other startups. He has built world-class applications using voice recognition, computer vision, and other advanced technologies. Punit has completed his education at the University of Waterloo in Canada, from where he holds a BASc degree in Computer Engineering.

    Bharat Thanvi – Co-Founder & CMO:

    Having started his career in freight forwarding and logistics at the age of 17 and worked his way up through different positions, Bharat’s knowledge and passion for this industry know no bounds. As part of his long career, Bharat has handled accounts for some of the country’s largest multinational companies, including Bajaj Auto Ltd. and Responsive Industries Ltd.

    The team wanted the name and brand to convey trust and reliability. Freightwalla’s logo was designed to look like an abstract view of the bow of a ship to represent the business it is in and to represent a shield to convey that businesses could trust the company to protect their goods. They chose shades of blue to represent the startup’s sea trade industry

    And finally, the name, ‘Freightwalla’, was chosen to emphasize the startup’s goal of being a leading player in the freight industry.

    Freightwalla Logo
    Freightwalla Logo

    Freightwalla – Business Model & Revenue Model

    Freightwalla follows a transactional revenue model. It earns a fixed service fee for every shipment handled. Besides standard services, it also offers customized services and pricing plans to meet the specific requirements of different sizes of business.

    Freightwalla – Launch and Marketing Strategies

    “Getting to your first 100 customers takes grit and determination. Getting to this significant milestone means not only have you found the market for your product(s), but you have also been able to build and grow your team, figure out how to hustle to win new customers, and continue to retain your existing customers base with a great product and service” – Sanjay added.

    Sanjay Bhatia (Co-founder & CEO, Freightwalla) breaks this journey down into two parts:

    1. First, it is about winning your first 20 customers. Here is where you will really discover your customers. Sure, you have an idea of a product you want to build, and you will get lots of enthusiasm & feedback from the market and potential customers for your solution that is going to disrupt the world. But you will hit a wall as soon as you ask your customers to adopt or pay for your solution as it now requires an investment of effort on their part. You will have to be open to pivot your ideas, dive even deeper into your customers’ psyche, and figure out the need (not want) that will drive them towards your products.
    2. Now you’ve reached your first 20, time to get to 100. You’ve gotten to a point where you will start to recognize the pattern, which markets/segments are best to target, your key USPs, and the most important talking points. This is the time you actually have to figure out how to scale the process, the products & the team. You need to build a scalable customer funnel; you have to hone your sales process; you need to quickly adapt your product to growing customer needs while ensuring that you don’t compromise on the quality & reliability of your services. And this is the most challenging part; you have to do it while learning to manage a team. You can’t do everything yourself, so you have to hire the right people, ensure they are aligned with your vision and empower them to help grow your business. Getting the right people on board is one of the most critical parts of this phase of growth.

    The marketing campaign becomes most successful when you get to care about customers deeply. For Freightwalla, It came when the startup touched its customer’s challenges at the core by educating them about different business solutions and government schemes. Last year, the business organized a series of webinars with Industry leaders and Government Officers, including a session with MSME Minister Shri Piyush Goyal. Freightwalla got overwhelming responses from companies of all sizes.

    Rivigo – Founders | Funding | Net Worth | Business Model
    Rivigo offers full-stack logistics platform including relay-led trucking. Read about Rivigo Founders, Net Worth, Business Model, Funding, & more.
    StartupTalkyVidhi Punamiya

    Freightwalla – Challenges Faced

    “Like many, our challenge has been finding the right product fit. The international logistics market is a US $30billion industry, with many players in the industry. As a startup, we’ve had to find which segments to focus on, ones that really resonate with the vision we are trying to build” – says Sanjay Bhatia, Co-founder & CEO, Freightwalla.

    Freightwalla found many customers who were highly price-sensitive but not as concerned about service levels & the robustness of their supply chains. These were not the best fit for the startup. Eventually, they figured out which segments were a better fit. Even for the companies within this segment, the team at Freightwalla had to figure out whom to target (i.e. the business decision-makers) & how to reach them best. And finally, they had to figure out how to tackle the massive undertaking of digitizing their logistics processes; where to start? What does success look like? Even today, Freightwalla continues to discover more about its customers and evolve the products to meet their needs.

    Freightwalla – Growth and Stats

    With over 300+ active customers, 30+ shipping line partners, and serving over 1000 port pairs, Freightwalla envisions revolutionizing international maritime logistics with much-needed transparency, simplicity, and service excellence at each step of the operation. Its notable clients include Aditya Birla, Cipla, and Bajaj Electricals, among other mid-sized import & export businesses.

    Key milestone achieved:

    • Achieved over 1000% growth in volumes over the last 18 months
    • 30+ shipping lines partners cover services to multiple destinations globally
    • Have shipment handling partners in over 40 countries
    • USD 4 million secured in series A funding from global investors

    Freightwalla – Funding and Investors

    Date Stage Amount Investors
    December 2019 Series A $4 Mn Led By – Amplo, FJ Labs & Rogue One Capital. Other participants – Kae Capital & Tekton Ventures

    Also Read: Latest Indian Startup Funding News 2021

    Freightwalla – Advisors/Mentors

    • Sasha Mirchandani, Founder, and MD, Kae Capital, India
    • Sheel Tyle, Managing Partner, Amplo, USA
    • Sailesh Bhatia, MD, Bhatia Shipping, India

    Freightwalla – Recognition and Achievements

    • Freightwalla has been recognized as ‘Top 10 APAC Logistics Solutions Provider’ by CIO Advisor
    • It has also been honored with ‘Top 10 emerging companies of India’ by CEO Insights.
    • Recently it got acknowledged for its excellent smart-tech solutions and won IMC’s Digital Technology Award.

    Freightwalla – Future Plans

    In the post-pandemic world, many SMEs have realized the importance of building a more robust supply chain by adopting better planning of their needs & digitization to help them improve the visibility of their supply chain, which has helped Freightwaala see a massive increase in demand for the solutions it has built.

    The company continues to invest in its products & technology like IoT, AI/ML, and blockchain to help its customers improve their efficiency, give them better visibility, reduce costs, and ultimately give them an edge in this highly competitive market.

    Freightwalla – FAQs

    What is Freightwalla?

    Freightwalla is India’s leading digital freight forwarding company. It offers a full-stack online platform for businesses to plan, book and manage international freight shipments seamlessly. The Company provides instant quotations & booking of ocean freight, real-time tracking of shipments, and several other digital solutions to streamline supply chain processes.

    Who are the founders of Freightwalla?

    Sanjay Bhatia (CEO), Punit Java (CTO), and Bharat Thanvi (CMO) founded Freightwalla in January 2017.

    Is Freightwalla an Indian company?

    Yes. Freightwalla is an Indian company headquartered in Mumbai, India.

    How does Freightwalla make money?

    Freightwalla follows a transactional revenue model. It earns a fixed service fee for every shipment handled. Besides standard services, it also offers customized services and pricing plans to meet the specific requirements of different sizes of business.

    Who are the notable clients of Freightwalla?

    Aditya Birla, Cipla, and Bajaj Electricals, among other mid-sized import & export businesses.

    What is Freightwalla’s funding details?

    Freightwalla raised $4 million in a Series A round led by Amplo, FJ Labs, and Rogue One Capital.

  • FarEye – Making Logistics More Efficient, Predictive And Organized

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Fareye.

    For any business dealing with physical goods, logistics is an important segment to take care of. Today we are featuring FarEye, a SaaS startup that is helping business manage their logistics and supply chain easily and flawlessly. Founded by three Indian entrepreneurs, FarEye, is a global logistics SaaS startup that is simplifying logistics management for businesses and ensuring a great delivery experience for end customers. Here is more on the journey of the startup, its growth, and how it is disrupting the global logistics market.

    FarEye – Company Highlights

    Startup Name FarEye
    Legal Name RoboticWares Private Limited
    Headquarters Greater Chicago Area, Great Lakes, Midwestern US
    Industry Artificial Intelligence, Logistics, Delivery, Enterprise Software, Last Mile Transportation
    Founders Gaurav Srivastava, Gautam Kumar, and Kushal Nahata
    Founded 2013
    Current CEO Kushal Nahata
    Website www.getfareye.com

    FarEye – Latest News
    About FarEye and How it Works?
    FarEye – Name,Tagline and Logo
    FarEye – Founder and History
    FarEye – Mission and Vision
    FarEye – Business Model & Revenue Model
    FarEye – Revenue and Growth
    FarEye – Funding and Investors
    FarEye – Acquisitions
    FarEye – Competitors
    FarEye – Challenges Faced
    FarEye – Future Plans
    FarEye – FAQs

    FarEye – Latest News

    On July 2021, FarEye secured $100 M in a Series E round headed by TCV and Dragoneer Investment Group. FarEye’s previous investors, including Eight Roads Ventures, Fundamentum, and Honeywell, were also involved in the round. The new funding also includes a little debt refinancing, but the amount was not disclosed.

    The funds will be used to develop the company’s technology platform strengths, fuel expansion in Europe and North America, and investigate inorganic growth opportunities.

    About FarEye and How it Works?

    FarEye’s products include last-mile delivery routing software, logistics, and supply chain visibility software, and software to improve coordination between enterprises and logistics partners. FarEye’s cutting-edge logistics technology stack is making the delivery of goods a pleasant experience for everybody.

    The AI-powered feature of FarEye optimizes end-to-end delivery and makes recommendations based on data aggregation. It enables businesses to obtain insights, outperforms over the last loop, and satisfy the customers. FarEye’s goal is to drive autonomously, deliver with autonomous vehicles and drones using aggregated data and real-time feedback.  

    FarEye enables global businesses to reduce delivery times by up to 27%, enhance courier efficiency by allowing up to 15%, remove hazards by up to 57%, and maintain operational excellence. The FarEye Intelligent Delivery Management Platform can assist your organization in going live faster, implementing process improvements quickly, and keeping your delivery ecosystem adaptable. With end-to-end visibility throughout the delivery journey, the engine provides an excellent logistics customer experience.

    FarEye is a software platform that helps firms plan, track and optimize their logistics operations. If you order a pizza from Domino’s, the restaurant will use FarEye’s services, which is integrated into its database, to swiftly advise the client how long they will have to wait for their meal.

    FarEye – Name, Tagline and Logo

    In a world that is becoming increasingly borderless, supply chain management is more vital than it has ever been. To achieve performance and accuracy, operations would require timely coordination, insight, and control. FarEye lets businesses keep an eye on and control their logistics and supply chain remotely and easily, which possibly inspired the name ‘FarEye’.

    FarEye's Company Logo
    FarEye’s Company Logo

    FarEye’s tagline says, “Improving Logistics Collaboration And Driving Supply Chain Excellence.” Another tagline used in the company’s website is, ‘ Making Deliveries Better for Everyone’

    FarEye – Founder and History

    FarEye was founded by Kushal Nahata, Gautam Kumar, and Gaurav Srivastava in 2013.

    Founders of FarEye - Kushal Nahata, Gautam Kumar, and Gaurav Srivastava
    Founders of FarEye – Kushal Nahata, Gautam Kumar, and Gaurav Srivastava

    After 14 or 15 years of full-time education, the three founders really wanted to get out into the world, solve problems, and make a meaningful impact. The only question that lingered was what real-life problems could they solve? and the response came as a knock on the door. “E-commerce was just starting to take off in India at the time,” says Nahata. “However, if I ordered something online, the driver would contact me every time, inquiring where my house was, even though it hadn’t moved in years. After that, everything was done with pen and paper until the driver arrived. It was clear that there had been little change in the way logistics were organized.” This is where the idea for “FarEye” arose from.

    FarEye’s first customer was Jabong’s logistics arm GoJavas in 2013, and it currently works with some of the world’s largest companies, including DHL, Walmart, Tata Steel, Hilti, and Amway, to help them digitalize and manage their logistics operations more effectively.

    Ezyhaul- Transportaion Company Details | Funding | Founder
    Ezyhaul, a Bangalore-based logistic startup is a leading digital road freight platform. Know about Ezyhaul funding, founders, business model, and more.
    StartupTalkyRishabh Rathi

    FarEye – Mission and Vision

    FarEye’s mission statement says, “With a mission to make logistics more efficient, predictive and organized, we set out to build a robust technology platform that leading global enterprises across 30+ countries adopted. We are on the path to building an autonomous logistics platform that would make it not just efficient but also self-sustaining & profitable for enterprises.”

    FarEye – Business Model & Revenue Model

    FarEye is a logistics SaaS startup and earns revenue from subscription charges. Businesses use FarEye’s intelligent and sophisticated platform to deploy several delivery models from multiple inventory locations, including same-day, next-day, on-demand, and doorstep. This includes overseeing the end-to-end delivery of goods and services to both consumers and businesses, using both third-party and in-house fleet methods.

    Xpressbees – Logistics And Supply Chain Startup
    Xpressbees is India’s leading logistics service provider Know more about Xpressbees Business Model, history, funding growth, revenue and competitors.
    StartupTalkyMandagiri Praveen Kumar Reddy

    FarEye – Revenue and Growth

    As reported in 2020, FarEye has around 350 employees, and the company is handling over 10 million transactions a day. The company has clients in over 30 nations, and across many industries including transportation, logistics, retail, and FMCG. As per some reports, in 202o FarEye made revenue worth $26.8 million, and the company’s products are being used by over 150 businesses.

    “Logistics spend globally is $10.6 trillion, out of which 70% is on transportation. However, there is scope to save $10 on every $100 of freight by optimizing returns, resource utilization, cycle time, and fragmented logistics processes resulting in savings of about $700 billion,” says Nahata.

    FarEye is now firmly in expansion mode and grew quickly over the next few years. While most of the company’s early customers were logistics service providers, it currently serves shippers as well, and its customers can be located anywhere in the world.  FarEye’s systems track between 5 and 10 million shipments per day.

    FarEye – Funding and Investors

    Date Round Amount Lead Investors
    May 25, 2021 Series E $100M Dragoneer Investment Group, TCV
    Aug 19, 2020 Series D $13M Fundamentum, KB Global Platform Fund
    Apr 10, 2020 Series D $24.5M M12 – Microsoft’s Venture Fund
    Jan 5, 2018 Series C $9.8M Deutsche Post
    Jan 21, 2016 Series B $3.1M Elevation Capital
    Oct 5, 2014 Series A $317K Indian Angel Network
    Nov 25, 2013 Angel Round $32K –

    FarEye – Acquisitions

    Acquiree Name About Acquiree Date Round
    PY Technology Pvt. Ltd. PY Technology Pvt. Ltd. is an enterprise software and services company that provides Information Technology & Services. Mar 5, 2021 –
    Dipper Digital Ecosystem for freight logistics Nov 14, 2018 –

    FarEye – Competitors

    Some of the top competitors of FarEye are Ecom Express, project44, SAP Integrated Business Planning, SPiN, Optimal Satcom, FourKites, G2 Deals,  Shipsy & Mojro.

    Delhivery Success Story – Founders | Business Model | Competitors
    With a Turnover of Rs 2800 Cr, Delhivery is like a backbone for the logistics industry. Read about Delhivery Startup Story, founders, business model, wiki, competitors, funding
    StartupTalkyRishabh Rathi

    FarEye – Challenges Faced

    • Retail dynamics are rapidly changing
    • Customer expectations are being exceeded
    • Getting used to technological advances
    • Raise in the delivery costs
    • Package destruction
    • There are a lot of first-time delivery failures

    Handling deliveries isn’t easy, according to the CEO. Shoppers, in particular, are expecting a same-day shipment, increased flexibility, and better transparency. Even for field workers, completing a good delivery requires more than merely gathering up or dropping off a package. To ensure successful delivery, a succession of events must occur at precisely the right time.

    FarEye – Future Plans

    “We are solving certain problems for our customers today, but I feel we can solve much larger problems and help digitize the entire supply chain network,” FarEye CEO Kushal Nahata said.

    As the coronavirus outbreak threatens supermarket and e-commerce companies’ capacity to deliver supplies to consumers on time, FarEye announced that ‘Serve’, a service that focuses on enabling the movement of everyday essentials, will be free for any company to utilize for more than a year.

    “The global pandemic has accelerated the need for enterprises to scale their supply chain operations efficiently to meet the rising share of online deliveries. FarEye’s highly configurable last-mile and long-haul logistics platform has been validated by leading global enterprises across the 3PL, retail and manufacturing categories,” said Shweta Bhatia, a partner at Eight Roads Ventures, in a statement.

    The startup wants to improve its integration capabilities so that it can provide organizations with a comprehensive plug-and-play solution. The firm, which already employs over 350 people, plans to add 100 more employees in order to speed up product development.

    The largest future challenges for the firm will be developing better ways to assist clients to sustain the competitive advantage that comes from constant innovation and quick evolution.

    FarEye has been profitable since its inception, but according to Nahata, an IPO is not in the cards for the near future. “Right now, our main aim is to grow” he stated.

    FarEye – FAQs

    What does FarEye do?

    The AI-powered feature of FarEye, a Noida-based company, optimizes end-to-end delivery and makes recommendations based on data aggregation.

    Who founded FarEye?

    FarEye was founded by Kushal Nahata, Gautam Kumar, and Gaurav Srivastava in 2013.

    Which companies do FarEye compete with?

    Some of the top competitors of FarEye are Ecom Express, project44, SAP Integrated Business Planning, SPiN, Optimal Satcom, FourKites, G2 Deals,  Shipsy & Mojro.

  • List of Top 20 Richest People of Asia in 2021

    Even during the pandemic, the net worth of many billionaires have been growing consistently. According to Forbes, the number of billionaires in the Forbes 35th list of the world wealthiest people, the number of billionaires have increased to 2,755, which was 660 more than a year ago.

    Everyone knows that the richest person on the planet is Elon Musk with a net worth of $203.4 billion, followed by Jeff Bezos with $192.2 billion and Bernard Arnault & family with $185.8 billion, as of October 16, 2021. But do you know the top twenty richest people in Asia? According to Bloomberg Billionaire Index and the Forbes Billionaires List, the top 15 richest people in Asia, collectively account to over $500 billion.

    The people in this list are self-made, big tech tycoons and real estate giants. The person who takes the top spot in the list of Asia is none other than India’s richest person, Mukesh Ambani who is the Chairman of the conglomerate, Reliance Industries Ltd. The other high profile billionaires from the continent are Jack Ma, Gautam Adani, Zhong Shanshan, Ma Huateng, Li Ka-Shing, etc. To find out who else made the top 20 according to Forbes.

    1. Mukesh Ambani
    2. Zhong Shanchan
    3. Gautam Adani
    4. Robin Zeng
    5. Ma Huateng
    6. Zhang Yiming
    7. Jack Ma
    8. Li Ka Shing
    9. He Xiangjian
    10. Lee Shau Kee
    11. Colin Huang
    12. Tadashi Yanai
    13. Ding Lei
    14. Wang Wei
    15. Takemitsu Takizaki
    16. Masayoshi Son
    17. Yang Huiyan
    18. Qin Yinglin
    19. Pang Kang
    20. Li Xiting
    Frequently Asked Questions

    Here is the list of the Top 20 Richest People in Asia.

    1. Mukesh Ambani

    Chairman/MD Reliance Industries Ltd
    Net Worth US$100.6 billion (as of October 2021)
    Industry Energy, Telecom, Retail, Petrochemicals, Textiles and Natural Resources
    Country India
    Age 64 (2021)

    Mukesh Ambani
    Mukesh Ambani

    Mukesh Dhirubhai Ambani is an Indian Billionaire Businessman, the Chairman, Managing Director and the largest shareholder of the Reliance Industries Ltd., which is an energy and telecom multinational conglomerate.

    Reliance Industries owns business across India and has its foothold in the industries such as energy, petrochemicals, textiles, natural resources, retail and even telecommunications. The company is also in the list of the Fortune Global 500 Company and is the country most valuable company as per its market value.

    Ambani is credited for creating Jio, an affordable 4G phone service in India. The billionaire also owns an Indian Premier League team known as the Mumbai Indians and also has a property worth more than $400 million. As of 16th October 2021, Mukesh Ambani is the richest person not only in India but also Asia with a net worth of US $100.6 billion and is also the 11th richest person in the world. The head honcho of Reliance India Limited has joined the coveted club of billionaires with a fortune of at least $100 billion on 8th October 2021, Friday, following the rapid rise of the stocks of the conglomerate.

    2. Zhong Shanchan

    Founder/ CEO Nongfu Spring
    Majority stake holder Beijing Wantai Biological Pharmacy Enterprise
    Net Worth US$71.6 billion (as of 28th May 2021)
    Industry Beverage and Pharmacy
    Country China
    Age 67

    Zhong Shanshan
    Zhong Shanshan

    Zhong Shanshan is a Chinese billionaire businessman, the founder and chairman of Nongfu Spring which is a popular beverage company in China and a majority stake holder of Beijing Wantai Biological Pharmacy Enterprise.

    Nongfu Spring is a bottled water and beverage company that went public in September 2020, the company recently tripled its value to $85 billion. As of 16th October 2021, the net worth of Shangshan is $71.6 billion, making him the richest person in China, the 2nd richest person in Asia after Gautam Adani.

    He became the second richest person in Asia due to the recent stock listing of Nongfu and also because Wantai Biological managed to tap into the high demand of Covid 19 kits. Zhong Shanshan is also known to have accumulated his wealth the fastest in history, according to Bloomberg.

    Productive Habits of Rich People
    > “You don’t decide your future. You decide your habits and your habits decideyour future.”Our habits essentially make us who we are, and what we are expected to be, byothers as well as our own selves. And habits play a very important roledetermining how successful we are and will be with time. …
    StartupTalkyAshwini

    3. Gautam Adani

    Founder/ CEO Adani Group
    Net Worth US $75.20 billion (as of October 2021)
    Industry Resources, Logistics, Energy, Energy, Defence, Aerospace, Real Estate, Financial, etc.
    Country India
    Age 59 (2021)

    Gautam Adani
    Gautam Adani

    Gautam Shantilal Adani is an Indian Billionaire Industrialist, the Founder and Chairman of the Adani Group. Adani Group is an Indian multinational conglomerate that has diverse businesses across the industries of resources, logistics, energy, energy, defense, aerospace, real estate, financial, etc.

    Adani Group has an annual revenue of more than US $13 billion with operations in more than 50 countries. Adani is especially known for being a port developer and operator and is known for having the largest port in the country known as the Mundra port.

    As of 2018, Gautam Adani has over 66% stake in Adani Ports & SEZ, 75% stake in Adani Enterprises, 73% stake in Adani Power, and a 75% stake in Adani Transmission. As of 16th October 2021, Gautam Adani has a net worth of US $75.20 Billion, making him the second richest person in Asia. He had recently overtaken Chinese bottled water producer, Zhong Shanshan in September 2021.

    4. Robin Zeng

    Founder/ Chairman Contemporary Amperex Technology
    Net Worth US $50.70 billion (as of October 2021)
    Industry Automotive Li-ion Batteries, Energy Storage Systems, Battery Recycling
    Country China
    Age 53 (2021)

    Robin Zeng
    Robin Zeng

    Robin Zeng also known as Zeng Yuqun is a Chinese billionaire entrepreneur, the Founder and Chairman of Contemporary Amperex Technology (CATL).

    The CATL is well known Chinese’s battery manufacturer and Technology Company that specializes in making lithium-ion battery for electric vehicles, battery management systems. Zeng is among the richest people in China and in Asia. With a net worth of $50.70 billion, he recently overtook Jack Ma, as per the reports dated October 16, 2021.

    5. Ma Huateng

    Chairman/MD Tencent Holdings
    Net Worth US$49.10 billion (as of October 2021)
    Industry Technology
    Country China
    Age 49 (2021)

    Ma Huateng
    Ma Huateng

    Ma Huateng, also known as Pony Ma is a Chinese Billionaire Businessman, the Founder, Chairman and CEO of Tencent. Tencent is the continent’s most valuable company and one of the largest internet and Technology Company.

    Besides , Tencent is also one of the biggest investment, gaming and entertainment conglomerate in the world known for developing China’s instant messaging app called WeChat. According to Time magazine Ma Huateng is one of the most influencial people in 2018, while Fortune also ranked him as among the top businessmen of the year in 2017.

    The businessman wealth comes from the 9.7% stake in Tencent holdings. He is known to own properties in Hong Kong and art pieces that are worth over US $150 million. As of 16th October 2021, the net worth of Ma Huateng is US $49.10 billion, making him one of the richest people in China and the 5th richest person in Asia.

    List of the Most Famous Entrepreneurs You Must Know About | 2021 Updated
    Famous and popular entrepreneurs [https://startuptalky.com/tag/entrepreneurs/] are the one who changed the way the world think about stuff. These popular andfamous inspirational business [https://startuptalky.com/tag/business-2/…
    StartupTalkyAshwini

    6. Zhang Yiming

    Founder/ Former CEO ByteDance
    Net Worth US $44 billion (as of October 2021)
    Industry Internet Technology
    Country China
    Age 38 (2021)

    Zhang Yiming
    Zhang Yiming

    Zhang Yiming is a Chinese Billionaire Businessman and the Founder of ByteDance and developer for the news aggregator Toutiao and the world renowned video sharing platform TikTok. ByteDance is a Chinese multinational internet tech company known for developing video sharing and social networking sites like TikTok and Douyin.

    ByteDance also developed an app known as Toutiao, which is a platform that delivers news content in various forms. As of 2018, ByteDance has over 800 million daily users across all its content platforms and has been valued at $250 billion as of 2021. According to Bloomberg billionaires index Zhang’s personal wealth is estimated to be around $44 billion.

    Zhang Yiming stepped down from the position of CEO of Bytedance to embrace a new role within the company on 20th May 2021.

    7. Jack Ma

    Founder/ CEO Alibaba Group
    Net Worth US$42.30 billion (as of October 2021)
    Industry Technology, E-commerce, Retail
    Country China
    Age 56 (2021)

    Jack Ma
    Jack Ma

    Jack Ma is a Chinese billionaire businessman, the Founder and former Executive Chairman of Alibaba Group. Alibaba is a Multinational Technology Conglomerate that specializes in E-commerce, retail, technology and offers C2C, B2C and B2B sales, electronic payments, shopping search engines and cloud computing services.

    Alibaba is the world largest retailers and e-commerce companies and has the 6th highest global brand valuation in 2018. Jack Ma was ranked 2nd in the Forbes list of the World 50 greatest leaders and is also a popular philanthropist as he has supported many underprivileged communities in China, Africa, Australia, and the Middle East.

    As of 16th October 2021, the net worth of Jack Ma is US$42.3 billion making him a distinguished billionaire in China and the 7th richest person in Asia.

    8. Li Ka Shing

    Chairman Li Ka Shing Foundation
    Net Worth US $31.80 Billion (As of October 2021)
    Industry Real Estate
    Country Hong Kong
    Age 92 (2021)

    Li Ka Shing is a Hong Kong businessman, an investor and well known philanthropist. He is the senior advisor and former chairman of the board for CK Hutchison Holdings and CK Asset Holdings. Li Ka Shing is 92 years old and is known to be the world leading port investor, developer and operator of the largest health and beauty and retailer in Asia and Europe.

    According to Forbes Hong Kong Fortune league chart, Li Ka Shing became the richest person in Hong Kong in February 2021. Li is often regarded as “Superman li” by the Hong Kong media because of his business prowess, he also is the most influential entrepreneurs in the continent.

    Li presides over a huge business empire that has its foothold in the industries such as transportation, real estate, financial services, retail, and energy and utilities. The billionaire is also a philanthropist that leads a simple life and has donated billions of dollars to charity and causes making him Asia most generous philanthropists.

    As of 16th October 2021, Li Ka Shing net worth is over US $31.80 Billion making him one of the richest person in Hong Kong and among the richest in Asia.

    9. He Xiangjian

    Founder Midea Group
    Net Worth US$31.70 billion (as of October 2021)
    Industry Consumer appliances
    Country China
    Age 79 (2021)

    He Xiangjian
    He Xiangjian

    He Xiangjian is the Co-founder of Midea Group, which is known to be one of the world’s largest appliance makers. Midea Group is electrical appliances manufacturer that has more than 200 subsidiaries.

    The company is known for its products like lighting, water appliance, floor care, small kitchen appliance, laundry, cooking appliance and refrigeration appliances. According to Bloomberg Billionaire Index, Xiangjian was ranked the 44th place as his net worth was $32.7 billion in April 2021.

    Media is also the world largest producers of robots and appliances which is why the company was also listed in the Fortune Global 500 since 2016. He Xiangjian stepped down from the company operation in 2012, but is still one among the richest in China and Asia with a wealth of $32.70 billion.

    10. Lee Shau Kee

    Founder/Chairman Henderson Land Development
    Net Worth US $31.10 billion (as of October 2021)
    Industry Real Estate
    Country Hong Kong
    Age 93 (2021)

    Le Shau Kee
    Le Shau Kee

    Le Shau Kee is a billionaire businessman from Hong Kong, real estate tycoon, founder and former chairman of Henderson Land Development. Henderson Land Development is a well known property conglomerate with stakes in property, hotels, restaurants and internet services.

    The company’s main activities are property development, investment, project management, construction, hotel operation, finance, investment holding and infrastructure. The billionaire controlled over 70.17% of the share capital of the company as of 2015.

    Kee stepped down from the position of chairman in 2019 at the age of 91 and passed the mantel to his sons. Le Shau Kee is one of the richest people in Hong Kong and in Asia. His net worth is estimated to be $31.10 billion, as of 16th October 2021.

    11. Colin Huang

    Founder/ CEO Pinduoduo
    Net Worth US$31.10 billion (as of October 2021)
    Industry E-commerce, Agriculture
    Country China
    Age 41 (2021)

    Colin Huang
    Colin Huang

    Colin Huang also known as Huang Zheng is a Chinese billionaire businessman, the Founder and CEO of Pinduoduo. Pinduoduo is a leading E-commerce and the largest agriculture-focused technology platform in China. Pinduoduo’s main objective is to connect farmers and distributors directly with the consumers and provide an interactive shopping experience.

    Over 600,000 merchants have sold their produce through the platform with more than 12 million farmers supplying their fruits and vegetable to the merchants. According to Bloomberg, the platform has over 628 million customers and made $4.2 billion in 2019. Huang has also founded two other popular internet based companies known as Xinyoudi (a gaming business) and Ouku.com (an e-commerce platform).

    The businessman has grown his wealth steadily in the recent years, climbing the global ranks from number 94 in 2019, to number 57 in 2020, and then 21. As of 16th October 2021, Colin Huang net worth is US$31.10 billion, which makes him the one of the richest people in China and the 11st richest person in Asia.

    Top 50 Richest Indians in 2020: Comprehensive List
    India is home to some insanely wealthy families and individuals well-knownacross the globe. India has the third largest group of rich people[https://startuptalky.com/demerits-disadvantage-rich/] after the US and China —121 people out of the 2068 individuals that Forbes took into account for itsa…
    StartupTalkyAshwini

    12. Tadashi Yanai

    Founder/ Chairman Fast Retailing
    Net Worth US$32.5 billion (as of October 2021)
    Industry Retail
    Country Japan
    Age 72 (2021)

    Tadashi Yanai
    Tadashi Yanai

    Tadashi Yanai is a Japanese Billionaire businessman, the Founder and President of Fast Retailing. Fast Retailing is public Japanese retail holding company that owns more than a 1000 stores. The company owns popular Japanese subsidiaries like Uniqlo, J brand, Comptoir des Cotonniers, GU, Princesse Tam Tam and Theory.

    He is also the biggest shareholder of Asia’s largest clothing retailer known as Uniqlo. According to Bloomberg Billionaire Index, Tadashi Yanai became the richest person in Japan and the 34th richest person in the world, as his net worth was estimated to be $42.billion as of April 2021.

    However, as of 16th October 2021, the billionaire’s net worth is US $32.5 billion, making him the richest person in Japan and among the richest in Asia.

    13. Ding Lei

    Founder/CEO NetEase
    Net Worth US $29.8 billion (as of October 2021)
    Industry Technology
    Country China
    Age 49 (2021)

    Ding Lei is also known as William ding is a Chinese Billionaire businessman, the Founder and CEO of NetEase. NetEase is Internet Tech Company known for its services like content, community, communications and commerce. The company also develops online PC and mobile games, advertising services and e-commerce platforms in China.

    NetEase is one of the largest internet and video game companies in the world. Besides gaming, NetEase works with other online media entertainment like movies and music. Ding Lei is known to have made many contributions to the development of computer networks in China, while his company work with Blizzard Entertainment and Microsoft subsidiary Mojang.

    According to Bloomberg, the net worth of Ding Lei as of 16th October 2021 is $29.8 billion, making him one of the richest people in China and in Asia.

    14. Wang Wei

    Founder/Chairman SF Express
    Net Worth US $28.8 billion (16th October 2021)
    Industry International express delivery and logistics services
    Country China
    Age 50 (2021)

    Wang Wei is a Chinese billionaire businessman, the Founder and Chairman of SF Express. SF Express is a multinational express delivery services and logistics company. The company is the 2nd largest courier in China as it provides domestic and international express delivery.

    It is also known for the SF Airlines which has a fleet of 50 cargo aircrafts. SF Express began in 2009 and has transported more than two million tonnes of cargo till 2018. This is why the SF Express is known as the “Fedex of China.”

    As of 16th October 2021, the net worth of Wang Wei is US $28.8 billion, making him one among the richest people in China as well as in Asia.

    15. Takemitsu Takizaki

    Founder/Chairman Keyence
    Net Worth $28.5 billion (as of October 2021)
    Industry Technology
    Country Japan
    Age 75 (2021)

    Takemitsu Takizaki is a Japanese bilionaire businessman, founder and chairman of Keyence. Keyence is a well-known manufacturer of automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes.

    The company has many big brands as its clients Toyota, Toshiba, and Volkswagen. Takizaki stepped down as the company chairman but still has a net worth of $28.5 billion, as of 16th October 2021, making him one of the richest people in Japan and Asia.

    16. Masayoshi Son

    Founder/ CEO Softbank
    Net Worth US$28.20 billion (as of October 2021)
    Industry Investment
    Country Japan
    Age 63 (2021)

    Masayoshi Son
    Masayoshi Son

    Masayoshi Son is a Japanese billionaire entrepreneur, the Founder and CEO of SoftBank and also the chairman of the UK based Arm Holdings. Softbank is a well-known Japanese multinational holding company that operates in the areas of broadband, fixed-line telecommunications, e-commerce, internet, technology services, finance, media and marketing, semiconductor design, etc.

    The company was also ranked 36th in the list of Forbes Global 2000. Masayoshi Son’s net worth is estimated to be $28.2 billion as of 16th October 2021, making him the one of the richest people in Japan and the 16th richest person in Asia. Masayoshi was also ranked as the 45th in the list of Most Powerful People, according to Forbes.

    Income of the Top Richest people in the world | [2021 Updated]
    With the increase in their wealth, the richest of the people also inspire theworld to come to their level. However, very few people can hustle as the richestdo. Hence, top inspire more people to hustle and motivate them, here is a listof the top world richest man monthly income in a year, month, …
    StartupTalkyAshwini

    Shocking Demerits Of Being Rich
    > “Before you speak, listen. Before you write, think. Before you spend, earn.Before you invest, investigate. Before you criticize, wait. Before you pray,forgive. Before you quit, try. Before you retire, save. Before you die, give.” – William A. WardDemerits of being RichWho doesn’t want to be r…
    StartupTalkyAshwini

    17. Yang Huiyan

    Chairman and Majority stake holder Country Garden Holdings and Bright Scholar Education Holdings
    Net Worth US $27.3 billion (as of August 2021)
    Industry Real Estate
    Country China
    Age 40 (2021)

    Yang Huiyan
    Yang Huiyan

    Yang Huiyan is a Chinese billionaire businesswoman, Property developer and a majority stakeholder of Country Garden Holdings, 70% of shares of the company were transferred to her by her father Yang Guoqiang in 2007.

    The Country Garden is a property development company that constructs buildings and manages hotels in China, owned by Yang’s family. The company was ranked 147thin the Fortunes Global 500 list. Country Garden has more than 200 high-end township developments in countries like China, Malaysia, and Australia.

    As of August 2021, Yang Huiyan’s net worth is estimated to be $27.3 billion, making her not only the richest woman in China but also the richest woman in Asia.

    Real Estate Business Ideas You Can Start in India
    The business of real estate is serious business and today, it is almost become agold mine. Truth be told, there are many entrepreneurs[https://startuptalky.com/tag/entrepreneurs/] who have tapped into it and are makingmillions. People are always on the lookout to buy houses and buildings and are…
    StartupTalkyAshwini

    18. Qin Yinglin

    Founder/Chairman Muyuan Foodstuff
    Net Worth US $25 billion (as of October 2021)
    Industry Food and beverage
    Country China
    Age 56 (2021)

    Qin Yinglin is a Chinese billionaire, founder and chairman of Muyuan Foodstuff. Muyuan is a popular pig breeding and distribution company that breeds and sells pigs and pork products. Qin is known to have started the company with his wife in 1992, and by 2019 the company made $3 billion.

    The agriculture billionaire is known to be the “the country’s largest pig breeder in the world’s biggest pork market”, according to Forbes. Qin is famous as the world’s richest farmer. His net worth is estimated to be $25 billion, as of 16th October 2021. This makes him one of the richest people in China and in Asia.

    Top 10 Richest Real Estate Developers in India
    Real Estate is always considered as one of the best investments by Indians.There are a number of real-estate companies in India. In a country like Indiawhere the population is increasing, the real estate industry is considered togrow much more in the near future. The increase in demand for the r…
    StartupTalkyAlan Joseph

    19. Pang Kang

    Chairman Foshan Haitian Flavouring and Food Co.
    Net Worth US $23.80 billion (as of October 2021)
    Industry Food and beverage
    Country China
    Age 65 (2021)

    Pang Kang is a Chinese billionaire businessman and the chairman of a popular food and beverage company known as Foshan Haitian Flavoring and Food Co. The company manufactures a wide variety of sauces and flavoring, it is also the largest manufacturer of Soy Sauce in the world.

    Based in China’s Guangdong providence, the food company made $2.9 billion in 2019, within five years of its launch. Foshan also makes over 200 different condiments such as oyster sauce, hoisin, shrimp, vinegar, and chicken stock.

    As of 16th October 2021, the net worth of Pang Kang is over $23.80 billion, making him one of the richest people in China and in Asia as well.

    20. Li Xiting

    Founder/Chairman Shenzhen Mindray Bio-Medical Electronics
    Net Worth US $21.30 billion (as of October 2021)
    Industry Medical Electronics
    Country Singapore
    Age 70 (2021)

    Li Xiting is a Singaporean billionaire, Founder and former Chairman of Shenzhen Mindray Bio-Medical Electronics. Over the year the billionaire has been one of the pioneers in the world of healthcare. While his company is known to operate in 30 countries and have over 17 subsidiaries.

    Mindray is known for its healthcare devices such as health monitoring systems, ventilators, defibrillators, anesthesia machines and infusion systems. According to Forbes, Li Xiting is the richest person in Singapore in 2020. As of 16th October 2021, the net worth of Li Xiting is $21.30 billion, making him the richest Singaporean and among the richest people in Asia.

    The Rise Of South Asian CEO’s | Top CEOs from Fortune 500 Companies
    The top ranking executive of a company is called as CEO (chief executiveofficer). They have so many responsibilities. It includes making importantdecisions of the company, management of all operations of the company,management of the resources of the company, etc. The public face of a company is…
    StartupTalkyATHUL C K

    Case Study Of Adani Group: Challenges, Solutions And Results
    The Adani group is an Indian multinational conglomerate with a revenue of about$12 billion for the financial year 2015 to 2016. The company headquartered inAhmedabad, Gujarat, India. Adani is a leading global integrated infrastructureplayer that includes diverse businesses like coal trading, coal…
    StartupTalkyPV Vyshnavi

    Frequently Asked Questions

    Who are the top three richest people of the world?

    The top three billionaires of the world are Elon Musk, with a net worth of $203.4 billion, followed by Jeff Bezos with $197.7 billion and Bernard Arnault with $193.2 billion, as of 16th October 2021.

    Who are the top ten richest people of Asia?

    The top ten richest billionaires of Asia are Mukesh Ambani, Zhong Shanchan, Gautam Adani, Robin Zeng, Ma Huateng, Zhang Yiming, Jack Ma, Li Ka Shing, He Xiangjian, Le Shau Kee.

    Who are the other top people of Asia?

    The other top billionaires of Asia are He Xiangjian, Ding Lei, Li Ka Shing, Yang Huiyan, Wang Wei, Pang Kang, Li Xiting, Qin Yinglin and Takemitsu Takizaki.

  • Business Model of Adani Group: Looking Closely at How Adani Group Makes Money

    India is a huge market for almost all types of products and services. The private players play a pivotal role in fulfilling the needs of this gigantic population. The business market of these private companies is growing huge day by day with the increase in demand for goods and services. Earlier, if a person wanted to buy a packet of edible oil, he might have 3-4 varieties. But now, it has increased to 30-40. The actual competition comes to the limelight, and only the superior brands providing the best quality survive here.

    The Adani Group of companies is one of the largest private companies in India. It has a global presence in almost 50 countries. The Chairman of the Adani group is Gautam Adani. He is even one of the richest people in India. Adani group’s widespread business includes airport and seaport management, coal mining, power generation, Renewable energy production, edible oil production, food processing, etc. The company has its headquarters in Ahmedabad in the state of Gujarat in India.

    About Adani Group
    Business Model of Adani Group
    What’s unique about Adani Group’s Business Model
    How does Adani Group make money?
    Conclusion
    FAQs

    Business Strategies of Adani Group

    About Adani Group

    Gautam Adani | Founder of Adani Group
    Gautam Adani | Founder of Adani Group

    Adani Group of companies came into existence in 1988 by Gautam Adani. He is also the Chairman of the group. Adani operates across India and overseas in several businesses such as Renewable energy production, maintaining port facilities, oil and gas production, mining, and food processing. The group is a private conglomerate with nearly 17,000+ employees in the year 2021. In April 2021, the company crossed 100 billion dollars in market capitalization.

    The Adani Group operates coal mines in India. In addition to that, it also owns seaports such as Mundra port, Krishnapatnam port, Hazira port, etc. The group owns several solar farms in the country. These farms produce enormous amounts of electricity. Adani took up the responsibility of the operation of several airports in India- Jaipur, Guwahati, etc. The Adani group operates several Special economic zones in the country near to its seaports. The group is also involved in defence equipment manufacturing with its facility in Hyderabad. Apart from India, Australia is also one of the primary locations for the business operations of the Adani group. There are several other facilities in different countries.

    Case Study Of Adani Group: Challenges, Solutions And Results
    The Adani group is an Indian multinational conglomerate with a revenue of $12 billion known for its businesses like coal trading and mining, logistics, etc.
    StartupTalkyPV Vyshnavi

    –

    Adani Group products and Services include:

    Adani Group Products
    Adani Group Products
    • Edible oil and food processing: Adani Wilmar produces the famous edible oil Fortune. It is the first choice of millions of Indians. Also, other food products under the brand name Adani Wilmar are Soyabean, rice, pulses, etc.
    • Adani Oil and Gas: Adani works jointly with Indian Oil works under the name of IndianOil-Adani Gas Pvt. Ltd. Also, Adani owns the Adani Total Gas system that connects cities as networks for the distribution of CNG and PNG.
    • Renewable Resources: Adani group Operates Adani Green Energy Ltd that operates solar parks and Wind farms in India. It provides pollution-free green energy-generated electricity to thousands of households.
    • Adani ports and logistics: Adani owns India’s largest private seaport Mundra Port that operates the world’s largest coal terminal. Adani provides logistics facilities to millions of tonnes of goods through sea routes as well as Land routes. Adani SEZ extends economic support to the country.
    • Mining: Adani operates Coal and iron ore mines. These mines produce valuable minerals that find utilization for power generation in thermal power plants and Steel production in Steel plants.

    Why Tata power has built India’s Largest Solar Carport and How it will benefit the EV industry of India?
    Tata Motors and Tata Power have inaugurated India’s Largest Solar Car Port. Lets find out details of the car port and how it will benefit the
    StartupTalkyAlan Joseph

    –

    Adani Group Target Audience:

    The primary consumers and customers of Adani Group is the Middle-class section of the society. They include the customers who purchase food products of Adani Group such as edible oils and Soya chunks. But, the Adani group works with large companies and the government. The deals in mining, oils and gases, Renewable energy, defence equipment are possible with the government and private entities. Then the logistics and ground departments of the group supply services to the local public.

    Business Model of Adani Group

    Adani Group Logo
    Adani Group Logo

    Adani Group is an Indian multinational conglomerate. Adani Group has a diverse number of subsidiaries. Each of them has a different kind of Business model. But, the common business model for such a giant company is always aligning with the government’s interests. Adani Group has made some remarkable developments during the reign of many governments. It also follows acquisitions in the case of mining.

    Apart from this, the rise in demand for renewable energy is fulfilled primarily by Adani in India as Adani owns chief solar properties in the Nation. From major industries to minor industries, the Adani group always tries to invest in a variety of Businesses to strengthen their business empire.

    What’s unique about Adani Group’s Business Model

    The uniqueness of the business model of Adani lies in the following secrets:

    1. The Adani Group witnessed some developments in the stock markets as they became the third country to cross $100 billion in market capitalization.

    2. The uniqueness in Adani’s business model includes a wide variety of businesses that bring profits from different sources as Adani invests in diversified businesses. It balances the profits and losses.

    3. The Adani Group invests in the most profitable businesses such as renewable energy, oils, and gases. It is because these are in growing demand. Targeting the requisite fields of Work always brings profit at one point or the other.

    4. Adani group invests not only in National projects but also in International projects. One such project includes a $7 billion coal mining project in Australia that has gone through high degrees of controversy. However, it turned out to be a highly profitable project for the group. Adani also owns ports in Australia that transports coal in Queensland.

    How does Adani Group make money?

    Adani group has a lot to provide to its customers, from food products to the cooking gas used for cooking them. The company’s chief source of revenue mainly comes from its six key companies. Adani imports coal and edible oils from foreign soils. This trade provides profit to the company as they sell them at bit profitable prices. Also, it owns a vast amount of cargo intake through its ports from which it gets money from shipping companies.

    The Adani group gets orders from the government that leads to profits. It does this by working with the government in the defence and aerospace sector. International investments provide many parts of the revenue as it’s a global conglomerate. So, the overseas profit also matters a lot. Other sources of income mainly come from other diversified businesses in which the company has heavily invested.

    Conclusion

    After the Tatas and the Ambanis, the next name always comes up as Adani Group while counting for the most famous people in diversified businesses. Investing in different sectors always reduces the chances of heavy losses. It is because the sources of profits when maintained properly are always more than the one which brings losses. Adani group will expand further in upcoming years and the business empire of Adani will expand more and more with this pace of success.

    FAQs

    Who is the owner of Adani Group?

    Gautam Adani is the owner of Adani Group.

    What does Adani group do?

    Adani Group operates in various sectors like:

    • Edible oil and food processing
    • Oil and Gas
    • Renewable Resources
    • Ports and logistics
    • Mining

    What is the number of employees in Adani Group?

    There are around 17,000 employees working for Adani Group.

    What are the subsidiaries of Adani Group?

    Companies listed under Adani Group are:

    • Adani Enterprises Ltd
    • Adani Ports and SEZ Ltd
    • Adani Total Gas Ltd
    • Adani Green Energy Ltd
    • Adani Transmission Ltd
    • Adani Power Ltd

  • Mailit – Delivering Super Service Experiences backed up by Tata Group

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Mailit.

    Logistics tech startups are bound to attract investor interest again this year, due to the spike in Covid-19 across the country. Ecom Express, a logistics startup based in Delhi, raised $20 million, for example. Second, before its IPO, Unicorn Delhivery raised $3 billion in funding.

    The second wave is shifting the focus of the table to technology and digital logistics in order to improve business operations. Similarly, on 21st April 2021, Ratan Tata has recently made an undisclosed amount of investment in Mailit, a Mumbai-based dispatch aggregator.

    Mailit is a pioneering dispatch aggregator company headquartered in Mumbai that provides customized parcel delivery and mailroom management services. The company also has a mailroom management service, which includes bulk document and package dispatching both domestically and globally.

    Mailit – Company Highlights

    Startup Name Mailit
    Headquarters Mumbai, Maharashtra, India
    Industry Mailroom management and Logistics
    Founder Mahesh Shirodkar
    Founded 1987
    Current CEO Mahesh Shirodkar
    Website www.mailit.com

    Mailit – Recent News
    Mailit – About and How it Works?
    Mailit – Operational Flow Process
    Mailit – Name, Logo and Tagline
    Mailit – Founder and History
    Mailit – Vision and Mission
    Mailit – Business Model
    Mailit – Partners
    Mailit – Competitors
    Mailit – Future Plans
    Mailit – FAQs

    Mailit – Recent News

    As of 21st April 2021, Mr. Ratan Tata, a renowned industrialist, made an investment in Mailit, a technology-driven mailroom management and logistics firm.

    Although the details regarding the finances of this recent investment by Ratan Tata hasn’t been disclosed yet, Mailit happens to state that in the next five years it plans to open 500 mailrooms across India as well as fully automated warehouse and distribution centres.

    Leading corporates and many blue chip companies in the Tata Group rely on Mailit for courier, parcel, mail room management digital solutions, and postal services.

    Mahesh Shirodkar, founder of the company, said the investment by Ratan Tata “opens up a wider growth prospect” for the company.

    “With the government reiterating its commitment to strengthening the infrastructure sector, Tata believes the Mailit IL&MS platform will bring in cost optimization, build operational efficiencies in the supply chain and create employment opportunities across India,” the company states.

    This new investment by Ratan Tata came at a time when the company was looking for new ways to expand its primary business and move towards the more digitised and technical services. As a result, it made the decision to invest in Mailit for technological logistics and smooth movement.

    Mailit – About and How it Works?

    Mailit, a Mumbai-based dispatch aggregator, is a subsidiary of Mahesh Shirodkar’s company Shirodkar Cargo Services that provides customized parcel delivery and mailroom management services.

    Mahesh Shirodkar, initiated courier services in 1987, and on March 16, 2006 his company became a private limited known as Shirodkar Cargo Services Pvt Ltd which is a business that engages in customized courier, delivery, and mailing room services. The business provides customized delivery of a variety of packages. It also involves both domestic and foreign bulk dispatch of documents and parcels.

    TATA Motors, TATA Capital, TATA Hitachi, and Glenmark Pharmaceuticals are among the company’s top tier customers.

    Mailit – Founder and History

    Mailit Founder, Mahesh Shirodkar, exemplifies entrepreneurial zeal by taking a forward-thinking approach to any business venture he undertakes. He is a firm decision-maker with a hands-on leadership style, as are all innovative entrepreneurs.

    A thousand-mile journey is said to begin with a single, progressive step. Mr. Shirodkar took the crucial step in 1987 when he established Mailit, a division of Shirodkar Cargo Services Pvt. Ltd. in Mumbai. In his search for excellence, he began modestly in the Mailroom services industry, as did many of his self-made contemporaries.

    It wasn’t an easy ride for him. But, guided by his unwavering desire to succeed, he embarked on a fruitful entrepreneurial journey in the 1980s, beginning with a daily wage of just INR 30 at Tata Motors. His dedication to excellence propelled him up the corporate ladder, and he soon found himself in charge of the Tata Group’s intra-office mail delivery operations.

    Mailit – Operational Flow Process

    First Mail Operation:

    • Pickup service is available at all Pin Codes that are serviceable.
    • First-mile operations at major metros need a dedicated team and fleet.

    Processing and Connection:

    • Shipments are processed and linked at metros by processing units.
    • Streamlined processing to ensure that communications are made quickly and without any delays.
    • A large network of several co-loaders ensures timely connections by air, rail, and road.

    Delivery:

    • Same day delivery attempt at every location
    • Constant follow-up to all locations is performed centrally.
    • Maintain an average delivery strike rate of >85% at all locations.
    • Average delivery efficiency is >94%, with overall returns of 6%.

    Mailit – Name, Logo and Tagline

    Mailit’ s logo consists of two ‘location-icons’ which clearly depicts its services.

    Mailit Logo
    Mailit Logo

    Mailit – Vision and Mission

    Mailit’ s vision statement says, “Unmatched Convenience at Best Price to deliver the full-service innovative dispatch management system to help you save on cost and time in addition to providing unmatched convenience.”

    Mailit’ s mission statement says, “To deliver Superior Service Experience through our bespoke Mailroom Management services at an affordable price in a quick turnaround time.”

    Xpressbees – Logistics And Supply Chain Startup
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by Xpressbees. Receiving and delivering goods are the indispensable part of every industry.Collecting the resources, segregating and …
    StartupTalkyMandagiri Praveen Kumar Reddy

    Mailit – Business Model

    The Mailit business strategy is to create India’s first digitally integrated logistics and mailroom solutions (IL&MS) platform, which will provide much-needed convergence, performance, and exposure to a fragmented market.

    Mailit’ s IL&MS is a digital interface that integrates Mailroom Management, Logistics, and Distribution. Mailit aims to transform the logistics landscape by consolidating the entire supply chain, enabling seamless end-to-end delivery with real-time visibility, and thereby lowering overall logistics and transportation costs.

    The business provides customized delivery of a variety of packages. It also involves both domestic and foreign bulk dispatch of documents and parcels. In Print and Post facilities, the company collects variable data from customers, which is then processed using cutting-edge technology to print, stamp, and mail documents on their behalf.

    Mailit – Partners

    Mailit’ s partners include Bluedart, Gati, First Flight, DTDC, FedEx, htc, Track On, and The Professional Couriers.

    Mailit – Competitors

    Mailit’ s competitive set include these competitors:

    • Fareye
    • Shadowfax
    • Loginext
    • Locus
    • ElasticRun
    • 4tigo
    • Leap India

    Delhivery Success Story – Founders | How it Started | Business Model | Competitors
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. When the brain hits you right, you think of wonderful ideas, one of the brainhitting ideas in the…
    StartupTalkyRishabh Rathi

    Mailit – Future Plans

    In the next five years, Mailit expects to open 500 mailrooms across India, as well as fully automated warehouses and distribution centres. With the government reiterating its commitment to strengthening the infrastructure sector, Mr. Ratan Tata believes the Mailit IL&MS platform will bring in cost optimization, build operational efficiencies in the supply chain and create employment opportunities across India.

    Mahesh Shirodkar, Founder & CMD of Mailit, commented on Mr. Tata’s investment, saying, ““We are truly thankful to Shri Ratan Tata for showing faith in us and investing in Mailit. It opens up a wider growth prospect for us and we intend to scale up the operations across geographies. With our state-of-the-art operations and trained professionals backed by the use of the most innovative technologies available today, Mailit expects an upward trajectory from here on.”

    Mailit – FAQs

    What does Mailit do?

    Mailit is a pioneering dispatch aggregator company headquartered in Mumbai that provides customized parcel delivery and mailroom management services.

    Who founded Mailit?

    Mahesh Shirodkar founded Mailit.

    Which company owns Mailit?

    Mailit is subsidiary of Shirodkar Cargo Services Pvt Ltd.

    What companies do Mailit compete with?

    Mailit’ s competitive set include these competitors: Fareye, Shadowfax, Loginext, Locus, ElasticRun, 4tigo, and Leap India.

  • Reasons Why India saw growth surge in Exports and How does it affects Economy

    The exports of India during the month of April have seen a significant rise. Experts have said that it is mainly due to the low base effect caused by the Covid-19 pandemic. Let’s look at the reasons for an increase in the exports of the country.

    India’s Exports figures
    Increased Demand for Products
    Imports Data
    Further Estimations
    FAQ

    India’s Exports figures

    The exports of India during the month of April have increased to up to 197 % due to the low base effect. A Low base effect is a small change from an initial amount which would be translated into a large percentage change.

    The Covid-19 lockdown during the previous year had temporarily stopped the economic activity which has led to the merchandise export of India which nearly increased three times to USD 30.21 billion over the same period year.

    The exports have seen an increase of 16.03 % compared to the previous year that is 2019. This indicated that the low base was also supported by an increased demand in the first month of the fiscal year.

    List of Companies going Bankrupts during COVID-19 Pandemic
    The coronavirus pandemic [https://startuptalky.com/tag/coronavirus/] has pushed manystruggling companies into bankruptcy. Stay-at-home orders have forced manynonessential businesses to close as the demand has fallen massively. The numberof bankruptcy filings has risen sharply with little revenue …
    StartupTalkyVarad Kitey

    Increased Demand for Products

    The increase in exports during April was mainly increased due to the demand for products such as petroleum, gems, jewellery and engineering products. The latest data has shown that the increase in the cases due to the second wave of Covid-19 and the lockdowns in the country in different regions have not affected the demand for the products.

    In the month of April, the value of exports from non-petroleum goods has increased by 200.62 % of up to USD 26.85 billion when compared to April 2019 which was USD 19.44 %. There has been an increase in the value of non-petroleum, gems and jewellery products compared to April 2019 of about 19.89 % which led to an increase of 164.28 %. The imports have amounted to USD 23.51 billion.

    Oil imports for April 2019 have amounted to USD 10.8 billion which is an increase of 132.36 % on a year-on-year basis. However, when compared to April 2019 there was a decrease of about 6.62 %.

    India Exports by Country in Feb-21
    India Exports by Country in Feb-21

    How The Travel Industry Will Perform In 2021: Travel Trends Of 2021
    The Travel and Tourism Industry was one of the most affected sectorsinternationally and in our country due to the Covid 19 Pandemic. With thelockdown around the world and the heavy travel restrictions being applied, theindustry has lost not only International and domestic tourists but also local…
    StartupTalkyPV Vyshnavi

    Imports Data

    The preliminary data from the Ministry of Commerce and Industry has shown that there has also been an increase in the imports of the country. In the month of April, the merchandise imports of India have seen an increase of 165.99 % which is at USD 45.45 billion.

    The import of shipments when compared to April 2019 has seen an increase of 7.22 % from USD 42.39 billion. This has resulted in a trade deficit in the country which has increased on a year-on-year basis of 120.34 %.

    The increase in the imports was mainly due to the increase in demands for gold and petroleum products as well as electronic goods according to the received data.

    Further Estimations

    Sharad Kumar Saraf who is the President of the Federation of Indian Export Organizations (FIEO) has conveyed that the impressive growth in exports has made it clear that the order booking position of the exporters of the country is extremely good and it is estimated that the gradual improvement of the situation of the country is expected to increase the exports.

    He added that even though there is an increase in exports, the increase in imports and the huge widening of the trade deficit is a concern that should be looked into.

    Mahesh Desai who is the chairman of the Engineering and Export Promotion Council of India (EEPC) has said that the recent increase in the Covid-19 cases has increased the risks on the growth and said that the country remains hopeful for the recovery during the year.

    He added that the lockdowns and night curfews imposed by various states would create problems regarding to logistics and the workforce in the country.

    FAQ

    What are the main exports of India?

    India’s major exports included petroleum products, gems and jewelry, and drug formulations.

    What are India’s traditional exports?

    Gems and Jewelry is at the top exporting commodities from India.

    What is the rank of India in exports?

    India ranks 19 in countries with most number of exports.

    Conclusion

    The World Trade Organization (WTO) had changed their projection in regards to global trade volume and has an estimation that there would be an increase in the global trade volume by 8% in the year 2021. This may lead to an increase in the exports in India.

  • How Delhivery is helping to import oxygen concentrators

    The number of Covid-19 cases has been increasing in India from the last month. The daily Covid cases in the second wave of Covid have crossed the 3-lakh mark in the country. The entire healthcare system in India has been facing a great challenge and an immense pressure.

    The cases have been increasing and the Covid has been spreading on a faster phase. In India, the Covid outbreak has exploded. There are various reports from hospitals in regards to the shortage of medicines and oxygen. Let’s look at how delhivery is helping to import oxygen cylinders to India.

    Announcement from Delhivery
    Tweet by Delhivery
    About Delhivery
    Import Consignments
    FAQ

    Announcement from Delhivery

    Sahil Baura who is the co-founder of the startup Delhivery has announced through his LinkedIn post that the company has made arrangements and will soon be flying charter planes to India.

    The charters will carry oxygen concentrators and other essential services required by the country. He also added on that they would be able to build more capacity according to the demand and requirement of the country.

    Sahil Baura
    Sahil Baura

    The Covid-19 Pandemic Proved To Be Lucrative For These Industries
    The sudden outbreak of the Covid-19 pandemic has left no industries and sectorsunscathed, worldwide. And many parts of the economy have taken a hit because ofit. While the pandemic has created global economic uncertainty, it has also provedto be lucrative for some industries and created new mark…
    StartupTalkyRishita Jain

    Tweet by Delhivery

    One of the Delhivery executives from Delhivery had tweeted that, Delhivery will be chartering two planes from China which will most likely take place on Wednesday and Friday of this month, that is 28 April 2021 and 30 April 2021. They said they will be providing logistical support for importing oxygen concentrators

    He added on saying that the company is importing oxygen concentrators and other essential services at minimal margins and according to the situation they would have spare capacity.


    If the demand has increased the current supply, then the company has said that it will be able to arrange for additional supplies. He also added on saying that the interested people will be able to contact the company using the Email ID ceo@delhivery.com.

    List of Companies developing Covid 19 vaccine around the World
    The vaccination drive for Covid 19 has been started across the globe. Vaccineshave been developed and manufactured by a lot of companies around the world.Below are the top companies which are involved in the development andmanufacturing of Covid vaccines. PfizerAstra ZenecaSerum Institute of I…
    StartupTalkyAlan Joseph

    About Delhivery

    Delhivery is an Indian based Delivery company. It is a logistics and supply chain startup. Delhivery is a unicorn startup in India. It was founded in the year 2011 and has its headquarters located in New Delhi, India.

    Delhivery has the capacity at present to process around 15 lakh parcels on a daily basis. They have around 75 packing warehouses, 70 hubs, 24 automated sort centers, 14,000 vehicles, 2,500 delivery centers, and around 50,000 employees.

    Sahil Barua is the co-founder and the CEO of the company. The Parent company of Delhivery is SSN Logistics Private Limited. The company’s products and services include Delivery, Express Mail and third-party logistics.

    They are backed by a wide range of investors and venture capitalists. Some of the key investors and venture capitalists are Tiger Global, Soft Bank Vision Fund, Nexus Venture Partners and so on.

    Import Consignments

    On 24 April 2021, the Finance Ministry’s CBIC had directed all the field officers to clear all import consignments which include life-saving drugs and oxygen consignments which are used for the covid-19 treatment in the country.

    This will be implemented on the highest priority as the Covid 19 cases have seen a surge in India. The Central Board of Indirect Taxes and Customs (CBIC) has said that this decision is aimed at ensuring that all the equipment and products which help in the recovery of Covid 19 should reach the beneficiaries as soon as possible.

    How Startups can scale up Covid vaccination drive in India
    Covid has created a large negative impact on most of the industries in thesector. It has disrupted the economic activities in the country. Most of thesectors are being impacted due to the pandemic. Let’s look at how the variousstartups can help the government in the Covid-19 vaccination drive. H…
    StartupTalkyAlan Joseph

    FAQ

    Who owns Delhivery?

    Sahil Barua is the Co-Founder & Chief Executive Officer of Delhivery.

    Is Delhivery a Chinese company?

    Delhivery is an Indian delivery company. It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati.

    Is Delhivery a unicorn?

    Delhivery became a unicorn in the year 2019 when it was valued at $1.5 billion.

    Conclusion

    Earlier this week we have seen a lot of companies changing their manufacturing plants to oxygen manufacturing plants. Companies such as Reliance, SAIL, JSW steel, etc. The Tata group had also announced that it would be importing oxygen containers in order to easy transportation of liquid oxygen. We are able to see a lot of companies coming forward and helping the governments and the health care system to fight together against the deadly virus

  • How Startups can help in Covid Vaccination in India

    Covid has created a large negative impact on most of the industries in the sector. It has disrupted the economic activities in the country. Most of the sectors are being impacted due to the pandemic. Let’s look at how the various startups can help the government in the Covid-19 vaccination drive.

    How Startups can scale up Covid vaccination drive
    Role of IT in Covid vaccination drive
    Role of Logistics in Covid 19 vaccination drive
    How Government can utilize this data
    FAQ

    How Startups can scale up Covid vaccination drive

    Since the major sectors of the country have been disrupted due to the ongoing pandemic. There is an opportunity for the various startups to help the government in the Covid-19 vaccination drive. It is said that in every crisis there will be an opportunity.

    The healthcare startups have a seminal opportunity in helping the government by aiding and facilitating the vaccination drive in the country. Whereas the other startups like healthcare, IT, logistics, etc. will have plenty of opportunities in various other activities.

    Reasons Why These Startup Sectors Bloomed During Lockdown
    In the unprecedented time, where everyone is talking about the economic slowdownand financial difficulties, there have been a few startups sectors that havemanaged grow exponentially well. The covid 19 has shaken the world and hasbrought many business to a halt, although startups have lost their …
    StartupTalkyPV Vyshnavi

    Role of IT in Covid vaccination drive

    IT systems can play a really important role in the vaccination drive. They can help the government by playing a central role in creating and maintaining information related to the vaccination drive. They can do the enlisting and enumerating the people involved in the drive, they can keep the track of the number of dose intake during the vaccination drive of different people.

    They can also use the various national IDs such as PAN card, Aadhar card, etc. to keep a number and to identify the individuals and their participation in the drive.

    The IT sectors will have to ensure that the vaccination doses are delivered to the vulnerable and the critical sections around the country. They will have to combine their mapping applications and the startups will have to ensure that there is a coordinated vaccination campaign.

    They also play an important role in identifying the genuineness of the vaccinations in the country. They will have to quickly detect it. They will have to identify the counterfeits and prevent the use of such counterfeits in the patients.

    They will have to help the government in finding the source of such counterfeits and also use social media and other online sources to create awareness among the general public regarding the dangers that are caused by these fraudulent vaccines.

    An Overview Of The Online Pharmacy Industry In India
    With the lockdowns restrictions brought over by the Covid Pandemic, mosteconomic activities were paused, millions lost their job and many industriesfaced difficulties. But there were also some industries like Online gaming,Online grocery, Fintech, Telemedicine, Ed tech, online media that were boo…
    StartupTalkyPV Vyshnavi

    Role of Logistics in Covid 19 vaccination drive

    The logistics startups also play a very important role in the vaccination drive. They play a central role in fine tuning the appropriate delivery of the vaccines across the country. The logistics space in India has undergone a lot of developments.

    The logistics in India have been innovating and adapting to the new technology to address the challenges faced due to the transportation. The new innovations and technology adaption in the logistic space can help the government in delivering the Covid vaccines to every nook and corner of the country in regular intervals.

    Logistics market
    Logistics market

    The startups can also conduct various activities to share the social information regarding the Covid vaccine drive. They can help in creating trusted communities and categories people of the similar demographics, same geography or people with the same affinities.

    These details can be used to discuss various factors which include the vaccination experience, after effects, opinions on the facilities and the actual process, best practices in the vaccination process and documentation on how to deal with the various aftermaths can be documented.

    These can be used to share an opinion and be used to socialize for a larger ecosystem.

    How Government can utilize this data

    All the above details can be used by the government for a timely, granular and actionable plan to utilize it for the entire vaccination drive in an idealized fashion. The government can analyze various other factors such as which vaccinations to order, in administering the vaccines such as the ones that are imported and homegrown, where the vaccines are to be shipped and the logistical details of it.

    They can also make decisions on whether to continue the vaccination drive or they will have to continue with a private partnership or public partnership. The government can also analyze the data sets and create vaccination drives in the most needed places and areas.

    They can also redirect the resources such as financial and personnel according to the needs of the vulnerable section in the country.

    Improving Workplace Safety in 2021
    Workplace safety has been and continues to be a hot topic of conversation thisyear. Certainly, there are some extra measures which are appropriate in light ofthe new threat of Covid-19. However, workplace safety is never something to beoverlooked or ignored because it’s important to provide it fo…
    StartupTalkyParnas Ghosh

    FAQ

    What is the COVID-19 vaccination drive in India?

    COVID-19 vaccination drive has been initiated to cover healthcare and frontline workers and is to be scaled up to cover citizens above 60 years of age and and/or citizen above 45 years of age suffering from comorbidities.

    How many people are vaccinated for Covid in India?

    As of April, 8, India had administered 9,01,98,673 total doses of the Covid-19 vaccine.

    Is there a shortage of vaccines in India?

    Union health minister Harsh Vardhan had stated on that there is no shortage of shots in India. “All the claims of states are baseless and centre is supplying vaccines to all states equitably irrespective of the ruling party.

    Conclusion

    The startups can help the government in making the vaccination drives easier and carrying it forward more effectively. These are the various ways through which the Indian startups can help the government in Covid 19 Vaccination across the country.

  • 21CC Education – Bridging the skill gap in Logistics & Transportation

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by 21CC Education

    The World Economic Forum states that half of India’s 350 million workforce requires to be reskilled! Here comes the role of 21CC Education, founded by industry veterans Sanjay Tiwari, Marloeke Werst, Ludo Tieman and Sumer Shankardass in 2019.

    21CC Education offers industry-relevant skills in the logistics and transportation space to enhance the employability of India’s workforce as well as the productivity of India’s booming logistics sector. The 21CC app allows individuals to skill, upskill and re-skill. 21CC Education has already worked with market leaders in the logistics space like DB Schenker, DHL Global Forwarding, DP World, Sarjak Container Lines and the Port of Amsterdam to serve their training and recruitment needs.

    StartupTalky interviewed Mr. Sanjay Tiwari, co-founder of 21CC Education to know the Success Story of 21CC Education. Along with it know about 21CC Education Business model, funding, founders, how it started & more.

    21CC Education – Company Highlights

    Startup Name 21CC Education
    Founders Sanjay Tiwari, Marloeke Werst, Ludo Tieman, Sumer Shankardass
    Headquarters Mumbai
    Founding Year 2019
    Sector Edtech, Logistics, Re/Upskilling

    21CC Education – About
    21CC Education – Market/Industry Details
    21CC Education – Founders and Team
    21CC Education – Ideation (How it started?)
    21CC Education – Product/Services Offered
    21CC Education – Name, Tagline and Logo
    21CC Education – Business Model and Revenue Model
    21CC Education – Startup Launch
    21CC Education – Challenges faced
    21CC Education – Funding and Investors
    21CC Education – Competitors
    21CC Education – Future Plans
    21CC Education – FAQs

    21CC Education – About

    21CC Education aims to offer industry-relevant skills in the logistics and transportation space to enhance the employability of India’s workforce as well as the productivity of India’s booming logistics sector.

    21CC Education, well-researched and intelligently designed app based skilling platform that delivers complex content in consumable, efficient modules with high retention outcomes. The app allows individuals to skill, upskill and re-skill. It is a powerful ally of the L&D and recruitment teams by bringing pre-skilled workforce in contact with hiring companies through its unique skills-match feature.

    In short, our vision and mission would be to ‘skill the world’ says Sanjay, co-founder, 21CC Education

    The smartphone disseminated technology is a scalable solution helping organizations with on-boarding , training and mass hiring to efficiently bridge the skill gaps.  

    Sanjay as he states enjoys the stress of entrepreneurship, both within and outside of a large organization. There are many learnings as the work progresses and takes a lot of creative effort to get all the noses in the same direction, while trying to figure out the core value proposition. His major interest in logistics and supply chain education led to the setting up of 21CC Education with friends in the U.S., Netherlands and India.

    AttainU Success Story – Offers Online Software Development Courses | Founders | Funding | Business Model
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. The education sector is the most significant sector for any country, especiallyfor a developing c…
    StartupTalkyChayanika Goswami

    21CC Education – Market/Industry Details

    According to a McKinsey report –  Because of AI and technology, 375 million globally need to be re-skilled, and this was pre-pandemic!

    The World Economic Forum states that half of India’s 350 million workforce requires to be reskilled. India has 21 million employees in logistics and the industry is growing by more than 10% per annum. The Government is spending billions of dollars on new infrastructure, private equity and VC players are investing billions in new companies.

    In the warehousing industry alone 48,000 new positions will get added between 2020 and 2022. A new McKinsey Global Survey on future workforce needs, nearly 9 in 10 executives and managers say their organizations either face skill gaps already or expect gaps to develop within the next five years.  All of these people need to be skilled remotely, on the fly and preferably before their first day of work.

    21CC Education – Founders and Team

    21CC Education was founded in 2019 by Sanjay Tiwari, Marloeke Werst, Ludo Tieman and Sumer Shankardass. The company is headquartered in Mumbai and has an office in The Hague, The Netherlands.

    Sanjay Tiwari- Co-Founder, 21CC Education

    Sanjay Tiwari

    Sanjay has close to thirty years’ experience in trading, transportation and logistics having worked for a Dutch steel trading and warehousing company in Singapore and Malaysia, for KLM Cargo in The Netherlands and the U.S. and for Maersk in India.

    Marloeke Werst

    Marloeke has a product management background at L’Oréal and Air France KLM Cargo, followed by a consulting and training career. Marloeke was hired to work at KLM Cargo by Sanjay when they were building up a new air cargo security product in 2002. Her subsequent background in consulting, training and change management was a great help when they re-connected in 2013. Marloeke has deep connects with the Dutch government and industry bodies.

    Sumer Shankardass

    Sumer was part of the team that took WNS to the NYSE and has extensive BPO experience, as well as experience as a strategic advisor to startups. Sumer and Sanjay know each other from their days in Chicago in 2007 and coincidentally both moved back to India in 2010 with their families. As the co-promoter of 21CC Education, he helps the company to secure the large corporate contracts, leveraging his network and advising on fund raising.

    Ludo Tieman

    Ludo comes from a family of entrepreneurs in The Netherlands. He ran his own company in The Netherlands in the DIY space and then worked with two startups in Thailand. He heads technology development for 21CC. Ludo and Sanjay both went to the University of Groningen in The Netherlands many many many years ago and have backpacked through India together in the late 1980s. Ludo leads on the technology development and also helped conceptualize the UI / UX of the 21CC App.

    The core team of 16 people is split over India and The Netherlands in addition to contracted writers, programmers, illustrators etc.

    Gradeup Success Story – Prepare for Competitive Exams!
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by Gradeup. With exponential growth in the number of internet and smartphone users in India,online learning has become popular irresp…
    StartupTalkyRishabh Rathi

    21CC Education – Ideation (How it started?)

    The inspiration came from the fact that Sanjay has extensively worked in the transportation and logistics industry across Northern Europe, South East Asia, South America, United States and India for more than 30 years now. Having experience on the front lines coupled with practical understanding of the pitfalls in the sector and a steady willingness to overcome the barriers led to creating 21CC Education

    Logistics works with an approximate 15% margin of error that seems to have been become acceptable; but this would not be the norm in any other sector. Therefore, the idea behind 21CC education was a win-win for both business and people- reduce error, and most importantly skilling the workforce.

    21CC Education was founded in January 2019 in response to the changing face of logistics and transportation. The accelerated growth track of the sector was facing disruptions owing to lack of skills. Issues like unorganized logistics and packaging operations as well as a lack of administrative capabilities continue to hold the sector back. As logistics gains increasing significance, entering an era of unprecedented change, they recognized the urgent need for scalable and sustainable skill development solutions that could significantly help re-engineer the Indian logistics sector.

    MyCaptain Company Profile – Founder | Business Model | Courses | Climber | Wiki
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. As a teenager, discovering and following your passion is difficult in India asneither the educati…
    StartupTalkyRishabh Rathi

    21CC Education – Product/Services Offered

    21CC Education was founded to respond to this urgent call for individuals and organizations alike by simplifying learning through gamification and reskilling through its unique mobile and web application. This first of its kind application aims to significantly bridge the recruitment-skilling gap by creating enhanced learning and skilling experience for operationally intensive industries.

    The company creates a steady and large funnel of aptly skilled resources for organisations and maps opportunities for reskilling and upskilling for individuals and blue-collared job seeker to increasing their earning potential and enable them to build lucrative careers.

    21CC Education’s holistic mobile platform is backed by an experienced team across Netherlands and Mumbai. Its library offers industry-relevant, engaging and adaptive learning content with more than 110 e-learning modules, over 50 courses and 8 interactive games, all focused on logistics and transportation sectors.

    The 21CC App is built on a technology stack of developed on a technology stack consisting of HTML CSS, Angular, Groovy Grails, JavaScript and jQuery, and supported by a strong LMS.

    21CC education makes the complex clear by delivering learning and skill-building modules in both online and mobile formats, based on a vast and continuously growing library of industry-validated content in an accessible and fun manner using illustrations, practical examples, humor and gamification.

    21CC Education already works with market leaders such as DBSchenker and DHL to serve their training and recruitment needs and as such is geared to help large enterprises connect with the vast resource requirements while ensuring the talent pool is rightly skilled and  aware of the space thereby, eliminating the time required in the training of the employees.

    Its training content is also finding favor with organizations wanting to create social impact through their CSR initiatives. Aligning CSR projects with skill building drives, 21CC Education is partnering with several leading organizations to help build capability and employability through the immersive and vernacular content.

    Additionally, through a recent partnership with the NSDC’s eskillindia.org portal—which is an online learning hub, with more than 800 courses in over 20 sectors— 21CC Education will be offering its App based content to help bridge India’s skill deficit in the logistics and transport sector. The new association with the NSDC, will help build a skilled talent pool in India, ensuring a robust workforce that has the opportunity to be gainfully employed and be contributively aligned with the nation’s growth agenda.

    Top Education Franchise In India Enlisted
    Education franchise is one of the important parts of the franchise business. Italso serves as a great opportunity to kick-start your own business. You canchoose from the long list of education franchise available in India. The areasincluding pre-school franchise, playschool, day-care franchise, c…
    StartupTalkyBaishali Das Adhikari

    The name came up many years ago quite charmingly on the streets of Chicago while Sanjay was walking his dog, Rustom. It was then that someone spoke to him about ‘21st Century Cargo’. Since then, ‘21CC’ stuck with Sanjay and he thanks Rustom or the kind stranger for the tag line!

    21CC Education Logo

    “As for the logo, although it was an evening’s worth of work for Dutch designer, Marlies Bloemendaal based in Mumbai, she did a great job in terms of design, colors and messaging” added Sanjay

    21CC Education – Business Model and Revenue Model

    21CC Education’s business model is both B2B and B2C. 21CC Education’s library offers industry-relevant, engaging and adaptive learning content with more than 110 e-learning modules, over 50 courses and 8 interactive games, all focused on logistics and transportation sectors.

    As stated by Sanjay Tiwari, 21CC Education’s revenue model is –

    • Employers pay for candidates that have come to them via the 21CC App
    • Employers pay a fixed monthly amount for ongoing employee training
    • Employees will pay in future for their ongoing education and job placement

    Toppr’s Growth To Becoming A Edtech Competitor During Pandemic
    With the unprecedented times of the Covid 19, the one sector that has seen anexponential growth is the Ed-Tech sector. With the lockdown of many Indianmetropolitan cities since the end March, online education and e-learningplatform have seen an astonishing adoption and growth. This however, is no…
    StartupTalkyPV Vyshnavi

    21CC Education – Startup Launch

    21CC Education has been B2B from day one so getting those large corporate customers on board took its own effort. The first 100 B2C customers have come about via its listing on NSDC’s eskillindia.org platform as well as its partnership with portall.in

    “The partnerships with the likes of NSDC and Portall.in in India and Dubai Trade in the UAE are very important from an outreach point of view” says Sanjay

    21CC Education – Challenges faced

    Creating awareness of its offering was one of the major challenge faced by the team at 21CC Education.

    “It’s a challenge to create large-scale awareness of opportunities in logistics and make people aware of it. It feels a bit like promoting the BPO industry or IT industry in the 1980s and 1990s, as people aren’t yet fully aware of logistics. So getting college students to download our content is still a struggle, once they do they apparently love it” expressed Sanjay Tiwari, co-founder, 21CC Education

    21CC Education – Funding and Investors

    21CC Education has raised 1.1 Million Euros in a seed round led by a Dutch Angel Investor in March 2020.

    The development of edtech startups and interesting fund raise in India
    Educational institutes, professional training programs, schools and collegeshave been going online for a while now, even e-learning companies are rising tothis situation. This type of learning is not limited to high school and collegestudents who are availing their services, even professionals/em…
    StartupTalkyVibhavari Madki

    21CC Education – Competitors

    Aapna is considered to be the top competitor of 21CC Education in this industry.

    21CC Education – Future Plans

    21CC Education aims to be the world’s premier skilling app for entry level employees in logistics

    21CC Education – FAQs

    Who are the founders of 21CC Education?

    21CC Education was founded in 2019 by Sanjay Tiwari, Marloeke Werst, Ludo Tieman and Sumer Shankardass.

    What is 21CC Education?

    21CC Education offers industry-relevant skills in the logistics and transportation space to enhance the employability of India’s workforce as well as the productivity of India’s booming logistics sector.

    How much funding has 21CC Education raised?

    21CC Education has raised 1.1 Million Euros in a seed round led by a Dutch Angel Investor in March 2020.

  • Blowhorn’s Journey to raising over $8.8 Mn funding in 6 years!

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Blowhorn.

    Logistics has been a challenge for this country ever since, especially when it comes to the first mile, middle mile, and last-mile logistics. To bridge this gap with an innovation, Mithun Srivatsa and Nikhil Shivaprasad founded Blowhorn in 2014. In this article, know about Blowhorn’s Journey & how it is growing its revenue 500% since Series A funding!

    Blowhorn is a tech-enabled intra-city logistics company that offers mini-trucks to transport goods across multiple cities of India. Blowhorn is offering a broad suite of services from the first mile, middle mile, and last-mile logistics for businesses and individuals that brings together a robust network of mini-truck owners and consumers. Also, this platform is handling goods from 1g to 1T.

    Blowhorn – Company Highlights

    Startup Name Blowhorn
    Headquarter Bengaluru, India
    Sector Logistics
    Founders Mithun Srivatsa, Nikhil Shivaprasad
    Founded August 2014
    Revenue Rs 37 crore (2017-18)
    Total Funding $8.8 Million
    Legal Name Catbus Infolabs Private Ltd.
    Website blowhorn.com

    Blowhorn – About and How it Works
    Blowhorn – USP and Innovation
    How was Blowhorn started?
    Blowhorn – Founders and Team
    Blowhorn – Startup Launch
    Blowhorn – Startup Challenges
    Blowhorn – Competitors
    Blowhorn – Funding and Investors
    Blowhorn – Growth and Revenue
    Blowhorn – Future Plans
    Blowhorn – FAQs

    Blowhorn – About and How it Works

    Blowhorn is a venture that works on the following module. Blowhorn provides a full-stack logistics service from an asset-light model via its tech-based platform. This platform connects the logistics service seekers with mini-truck drivers through its website and mobile app. It is intriguing to know loading and unloading of goods is a part of the service that Blowhorn provides.

    This platform’s algorithm works very similar to that of cab aggregators in the country like Uber and Ola. So ideally when a consumer requests a truck on this platform, the request is processed to match an existing mini-truck, and then consequently the vehicle driver is connected with the consumer. The time frame of this transaction can be as little as thirty minutes and could also go on to be scheduled for a later date and time.

    Blowhorn Logo

    Exhaustive List of Top Startups in Bangalore [2020 List]
    Bangalore, aka Bengaluru, is the center of India’s tech industry. It is famouslyreferred to as the Silicon Valley of India and IT capital of India because ofits position as the nation’s leading information technology (IT) hub. Be it alarge MNC or an emerging startup, Google Maps will show you one…
    StartupTalkyAshwini

    Blowhorn – USP and Innovation

    The unique selling proposition of Blowhorn is providing ‘full-stack logistics’ solutions to the vast user base in the country. Full-stack in this context refers to its excellent capabilities in all the three elements of the logistics value chain: warehouses, transportation, and tech-enabled systems.

    Blowhorn with its tech-based portal claims to have built new layers along with the transportation stack that drives margin expansion. Also, Blowhorn offers a very important feature to its users namely real-time tracking of goods.

    List of Top Logistics Startups in India
    The logistics industry is the backbone of an economy. The growth of e-commercewebsites [/tag/e-commerce-website/] in India enabled startups dealing inlogistics to scale up their logistics business and tap into other areas alongwith the help of technology. This allowed them to solidify the existin…
    StartupTalkyAshwini

    How was Blowhorn started?

    Blowhorn started with an experience of one of the co-founder’s life. Mithun Srivatsa’s colleagues in Bengaluru were trying to move their bed and a few other home-related things to a different apartment in the same city and yet it became quite an exhausting process. His friends struggled the entire day going back and forth just to move a few goods from one place to another. Not just that, his friends had to take days off from work to do this which ideally should’ve taken just a few hours.

    Amongst this chaos, the key challenges his colleagues faced was mainly finding a truck driver to transport the goods, being able to communicate with the truck driver because none of his colleagues knew Kannada, and cross-checking the truck driver’s credentials because trust becomes a major factor while transporting valuable things.

    “I knew for a fact that the problem was certainly not the lack of supply of truck drivers,” says Srivatsa.

    Hence he started thinking of creating a common platform to solve this problem by aggregating and organizing the otherwise fragmented market of mini trucks. And that is exactly what he did. And one of the biggest insights that ran through his mind during this was that if an aggregator model could work for transporting people through cabs and autos then it could work very well for transporting goods.

    Blowhorn – Founders and Team

    The founders of Blowhorn are Mithun Srivatsa and Nikhil Shivaprasad.

    Founders Blowhorn
    Mithun Srivatsa and Nikhil Shivaprasad – Blowhorn founders

    Both these co-founders, Nikhil and Mithun studied together in college and have known each other for a long time, since 2001. When Mithun was pitching the idea of his newborn venture – Blowhorn to investors in the states, Mithun reconnected with Nikhil. Following that Nikhil took charge of building Blowhorn’s technology platform.

    • Mithun Srivatsa – Mithun has studied business management from Cambridge Judge Business School.
    • Nikhil Shivaprasad – Nikhil has a degree in MS in Electrical Engineering from North Carolina State University.

    “I am a logistician, while Nikhil is a generalist technologist and we were good bringing together our capabilities in a market, which we think has a lot of potentials,” said Mithun.

    Ezyhaul’s Success Story – Revolutionizing the Way Companies Deal in Logistics!
    With the advent of the digital revolution in the country, even big andcumbersome tasks like logistics have become handy. To aid this process withdigital excellence, Mudasar Mohamed, Raymond Gillon, and Nicky Lum found Ezyhaulin 2016. Ezyhaul is a leading digital road freight platform in Southeas…
    StartupTalkyRishabh Rathi

    Blowhorn – Startup Launch

    After the basic idea for Blowhorn was germinated, Mithun went around for analysis regarding the size of the intra-city goods transport market in the country. That’s when Mithun found out that the market was huge and also relatively untapped. And then to make the most of it, Mithun along with his batchmate, Nikhil Shivaprasad, launched their startup under the name of Blowhorn in August 2014.

    And since then, Blowhorn operates on a logistics marketplace focused on the intra-city movement of goods. Initially, the company started with a focus on retail customers and since then has expanded to cater to corporate clients as well.

    “The volume of business and margins in the ‘individual’ segment weren’t sufficient to sustain our business. So, we shifted our focus to enterprise customers—both traditional and modern businesses, to provide them with efficient and reliable logistics services,” says the co-founder and CEO of Blowhorn – Srivatsa.

    Transport and Logistics Business Industry opportunities in India
    The transport and logistics industry in India is more lucrative than otherbusinesses for any individual to start up a business with moderate capitalinvestment. India being one of the fastest growing and developing economies in Asia, thetransport and logistics industry in India shows a superior g…
    StartupTalkyVibhavari Madki

    Blowhorn – Startup Challenges

    The biggest milestone for this Bengaluru headquartered startup Blowhorn was getting through the bureaucratic paperwork and bringing truck drivers on board.

    “The biggest challenge we initially faced was the red tape in getting our company registered and opening a current bank account. Also, truckers were reluctant to trust a startup whose founders were working out of coffee shops,” says Srivatsa.

    While the co-founder’s duo couldn’t do anything much about the red tape, acquiring a Regus membership helped them get trucker drivers on their robust platform. This Regus membership cost them about INR 2,000 a month provided them with access to the common area of Regus properties. And that’s how vehicle owners and drivers assumed that the co-founders had a great office at Regus and then became open to the idea of doing business with them.

    Delhivery Success Story – The Startup Which Took India by Storm!
    #delhivery #courier #pickup
    StartupTalkyRishabh Rathi

    Blowhorn – Competitors

    Blowhorn’s top competitors are BlackBuck, Shiprocket, RailYatri, LalaMove, LetsTransport and Porter. It also faces competition from the bigger players in the market namely DTH, FedEx, Gati to name a few.

    Blowhorn – Funding and Investors

    To date, Blowhorn has raised a total of $8.8M in funding over 5 rounds.

    Its recent funding came on May 2020 as Debt Financing led by Trifecta Capital Advisors for an Undisclosed amount.

    Date Stage Amount Investors
    November 2014 Seed Round – Unitus Seed Fund, Tim Draper
    March 2017 Series A $3.8 Million Draper Associates, IDG Ventures India, Chiratae Ventures, Michael & Susan Dell Foundation
    January 2019 Venture Round – InnoVen Capital
    June 2019 Debt Financing $5 Million –
    May 2020 Debt Financing – Trifecta Capital Advisors

    Blowhorn is funded by investors Trifecta Capital Advisors, Chiratae Ventures, Dell Foundation, Venture Catalysts, James Lee Sorenson and Japanese VC firm, Dream Incubator, InnoVen Capital, Unitus Ventures, and Draper Associates.

    What is Cybertruck and its specifications
    Tesla is known for creating next generation motor vehicles, thanks to the visionof Elon Musk. Musk is known for being optimistic regarding his products and thenew name of the list is the super truck by Tesla “Cybertruck”. Cybertruck is an upcoming all-electric battery-powered light commercialv…
    StartupTalkyVidhi Punamiya

    Blowhorn – Growth and Revenue

    • Operates in five cities—Bengaluru, Chennai, Hyderabad, Mumbai, and Delhi-NCR
    • Has a team of 160 employees
    • Grown its revenue 500% since Series A funding
    • It generated Rs 17 crore in revenue in 2016-17, raising it to around Rs 37 crore in 2017-18
    • Presence in 30 cities
    • Has over 25,000 driver-partners
    • Caters to clients like Flipkart, Amazon, and Urban Ladder

    TruckSuvidha – Book Truck and Find Truck Loads Online – Business Model, Funding, Revenue
    Trucks play a very important role in the Indian transportation sector. Studies[https://www.itln.in/pharma-logistics-explosive-growth-on-the-anvil/] have shownthat over 65% of India’s cargo is being carried on trucks. With explodingdomestic consumption rates in the country, improvement and extensi…
    StartupTalkyChayanika Goswami

    Blowhorn – Future Plans

    Srivatsa recently said, “Now, with a strong core team in place, we are expanding rapidly and are seeing significant growth in our recently launched verticals. Our goal is to be active across more than 100 cities across India by 2021, and we are on track to achieving that. We are also in the final stages of executing our first international foray, and we are very excited about it. Our margin profile remains healthy and has grown 30% over the last quarter.”

    Blowhorn – FAQs

    Who are the Founders of Blowhorn?

    The founders of Blowhorn are Mithun Srivatsa and Nikhil Shivaprasad.

    How much Funding has Blowhorn raised?

    Blowhorn has raised a total of $8.8M in funding over 5 rounds. Its recent funding came on May 2020 as Debt Financing led by Trifecta Capital Advisors for an Undisclosed amount.

    What is the USP of Blowhorn?

    • Full-stack logistics solutions to the vast user base in the country.  (warehouses, transportation, and tech-enabled systems)
    • Real-time tracking of goods

    Who are the Competitors of Blowhorn?

    Blowhorn’s top competitors are BlackBuck, Shiprocket, RailYatri, LalaMove, LetsTransport and Porter. It also faces competition from the bigger players in the market namely DTH, FedEx, Gati to name a few.