Start-ups are revolutionising the logistics operations management industry with their innovative solutions and technologies. They are providing solutions to the challenges that have been holding back the industry, such as inefficient processes, high costs, and poor tracking. The use of automation, artificial intelligence, big data, and the internet of things has resulted in logistics operations becoming more streamlined, efficient, and cost-effective. These start-ups are leveraging data analytics to analyse supply chain data, identify patterns, and make informed decisions. They are also introducing disruptive technologies like drones and autonomous vehicles to improve last-mile delivery. Start-ups are changing the logistics operations management landscape with their agility and ability to adapt quickly to changing market conditions and customer needs, and they are poised to transform the industry in the years to come. Here is the list of the top five logistics platforms that are changing the logistics operations management in India.
Raaho: Raaho is an Indian fastest-growing marketplace, connecting shippers and truckers nationwide. Headquartered in Gurgaon, it has marked its presence across India in 15+ cities including NCR, Chennai, Bengaluru, Coimbatore, Mumbai, Hyderabad, Kolkata, Pune, Ahmedabad, Kanpur, Karnal, and more. Raaho is successfully combining tech and data science to create operational and cost efficiencies for the Indian trucking industry that is traditionally unorganised, opaque, and highly complex to navigate. Raaho offers its on-demand trucking solution through its complete suite of apps (Shipper App, Trucker App, and Driver App) to offer close discovery, verified vehicles, credible shippers, real-time tracking of freight-loaded vehicles, and instant digital payments. Asset-light and capital-efficient Raaho aims to level up the current freight marketplace with better processes, consistency, and transparency.
CapGrid: This end-to-end source-to-deliver company focuses on low complexity direct material spend for automotive and industrial manufacturers. CapGrid leverages an AI-enabled sourcing platform with over 30,000 manufacturers and deep capability intelligence to run sourcing 10x faster. They have significantly reduced sourcing and procurement complexity, inventory, and material cost for leading manufacturers. The company started in December 2019 and became operational in January 2021.
IThink Logistics: iThink Logistics, an end-to-end AI-enabled multiple courier aggregator shipping platform, services to 26,000+ pin codes in India. The company’s cutting-edge online portal can be linked with marketplaces or online stores through APIs (for importing orders) and has a built-in channel that connects with multiple renowned courier partners. Clients can also book parcel shipping services and print labels using the service. Additionally, the technology provides real-time shipment tracking updates. The following are the most notable features that iThink Logistics provides: Patented 6-step NDR, an insightful dashboard, and a dedicated key account manager. The Mumbai-based company was conceived by industrious individuals with a far-sighted vision for the Indian e-commerce market and logistics ecosystem.Â
TCI: Transport Corporation of India- Transport Corporation of India (TCI group), with revenues of over Rs.4300 crores, is an Indian integrated multimodal logistics and supply chain solutions provider. TCI continuously strives to better its existing systems, processes, and productivity. With expertise spanning over six decades and infrastructure comprising an extensive network of 1400+ company-owned offices, 12 million sq. ft. of warehousing space, a strong team of 6000+ trained employees, and a strong foundation, TCI group has expanded boundaries to offer seamless multimodal transportation solutions in both Indian and International markets.
Locus: This leading-edge technology company solves one of the most challenging global supply chain problems: last-mile logistics. Locus’ order-to-delivery dispatch management platform helps enterprises transform their last-mile logistics operations into growth centres. With advanced optimisation algorithms and intuitive workflow automation, Locus equips businesses with the tools needed to maximise efficiency while delighting customers. Since its founding in 2015 and backed by GIC Singapore, Qualcomm Ventures, Tiger Global, and Falcon Edge, Locus has helped a wide range of customers globally across industries execute 650 million deliveries across 30+ countries.