Top Logistics Startups to look for in India

No doubt that India is growing, undeniably. So is the startup scenario in India. Over the past few years, a lot of new and encouraging stories have garnered much-deserved attention. The stories of startups in India are everywhere and you don’t even need to go anywhere to find out about them, they are playing right there, in front of our eyes around the day. 

Be it Logistics services like Delhivery or Rivigo or payment services like Paytm, PhonePe or educational startups like Unacademy, BYJUs or food delivery services like Swiggy or Zomato they are everywhere and we come face to face with them for our day to day needs.

Venture capital firms scanning Indian markets for the next big investment opportunity after consumer internet would do well to have their eyes trained on technology-driven logistics startups. The market for logistics-technology businesses, which include delivery startups, truck aggregators and warehousing firms, is expected to surge to $9.6 billion by 2020 from $1.4 billion in 2015, according to a new report by investment bank Avendus Capital.

A significant role here is being played by government initiatives such as Make In India. This geared towards improvements in the country’s infrastructure and increased domestic consumption. But at the same time, the Indian logistics startups have also paved the way for heavy investment into the sector.

You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible.

Paul Graham

Here comes the top Startup Logistics Companies

ElasticRun

Founder: Sandeep Deshmukh (2016)

Head Quarter: Pune, Maharashtra, India

Funding: $40M

Locus

Founder:  Geet Garg and Nishith Rastogi (2015)

Head Quarter: Bengaluru, Karnataka, India

Funding: $29M

LogiNext

Founder: Dhruvil Sanghvi, Manisha Raisinghani (2014)

Head Quarter: Fremont, California, United States

Funding: $39M

Shadowfax

Founder: Abhishek Bansal and Vaibhav Khandelwal (2015)

Head Quarter: Bengaluru, Karnataka, India

Funding: $60M

Fareye

Founder: Gaurav Srivastava, Gautam Kumar, and Kushal Nahata (2009)

Head Quarter: Noida, Uttar Pradesh

Funding: $3.5M

FreightBro

Founder: Raghavendran Viswanathan (2007)

Head Quarter: Mumbai, Maharashtra, India

Funding: $652M

Delhivery

Founder: Sahil Barua, Bhavesh Manglani, Mohit Tandon, Kapil Bharati, Suraj Saharan (2011)

Head Quarter: Gurgaon, Haryana, India

Funding: $934.6M

Blackbuck

Founder: Rajesh Yabaji (2015)

Head Quarter: Bengaluru, Karnataka, India

Funding: $293M

Edgistify

Founder: Umang Shukla, Antim Suman & Kamal Kishore Kumawat (2016)

Head Quarter: Mumbai, Maharashtra, India

Funding: $652M

LetsTransport

Founder: Pushkar Singh, Sudarshan Ravi, Ankit Parasher (2015)

Head Quarter: Bengaluru, Karnataka, India

Funding: $20.3M

RIVIGO

Founder: Deepak Garg, Gazal Kalra (2014)

Head Quarter: Gurugram, Haryana, India

Funding: $257.4M

Qikpod

Founder: Ravi Gururaj (2015)

Head Quarter: Indiranagar, Bengaluru

Funding: $56.5M

VamaShip

Founder: Bhavik Chinai (2015)

Head Quarter: Mumbai, Maharashtra, India

Funding: $50M

SPOTTON

Founder: George Spotton (2011)

Head Quarter: Chennai, Tamil Nadu, India

Funding: $105.5M

GoBOLT

Founder: Parag Aggarwal, Sumit Sharma and Naitik Baghla (2015)

Head Quarter: Gurugram, Haryana

Funding: $5.46 M

Ecom Express

Founder: T A Krishnan, Manju Dhawan, K Satyanarayana and Sanjeev Saxena (2012)

Head Quarter: New Delhi, India

Funding: $215.4M.

So as per the information, the future of the Logistics Industry is very good. Indian Logistics Industry will be the next big thing for the Investors as well as for India also. Where technology-driven logistics startups will be one of the best things.

See also: Top 10 Logistics companies of India
See also: Top 10 Logistics companies worldwide
See also: Top 10 shipping companies