The Indian online retail market is growing at an explosive rate and research shows that it is projected to grow from $3 billion in 2013 to $23 billion by 2018. This opens up huge demand for logistic services, offering tremendous opportunities in this space both for the existing players and the new entrants. India’s logistics industry was valued at about $130 billion (Rs 8.3 lakh crore) in 2012-13, following a major boom in demand fuelled by the advent of e-commerce, according to the latest figures available with India Brand Equity Foundation.
The Indian startup scene has been magnetic lately. With all that is going on in this front, Logistic Startups are no exception to this wave and the Logistics Startup space has also witnessed growth like never before.
So, as we close the year 2015 let’s take a look at the top 7 logistics startup in India for this year.
1. Ecom Express
The three year old company was launched by TA Krishnan, Sanjeev Saxena, K. Satyanarayana and Manju Dhawan. It serves over 2,800 pin-codes through more than 320 delivery centers and 8,000 employees in about 210 cities. Delhi based Ecom Express had raised a amount of $133 million from private equity firm Warburg Pincus. In September 2014, it raised $16 million from Peepul Capital.
Delhivery was started by a group of engineers including Amit Prakash, Ambasta, Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua and Suraj Saharan. Founded in 2011, the company is based in Gurgaon. Delhivery currently has an in-house express shipping network across 150 cities with over 210 distribution stations and does close to 55,000 transactions in a day. The startup had raised a Series D round of $85 million led by Tiger Global Management with participation from existing investors, Multiples Alternate Asset Management, Nexus Venture Partners, and Times Internet Limited.
BlackBuck was founded in April 2015 by IIT Kharagpur alumni Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam B. BlackBuck is an online marketplace for logistics transactions, helping customers move full truck loads between cities. Bangalore based Business-to-business logistics startup had raised $25 million in Series B funding from Tiger Global, Russian billionaire-investor Yuri Milner’s Apoletto fund, existing investorsAccel Partners and Flipkart
Roadrunnr was founded by Flipkart ex-employees Mohit Kumar and Arpit Dave in February, 2015. The aim was to focus on business-to-business deliveries. Roadrunnr uses an on-demand model to partner delivery boys and manage lean and peak demand, and charges businesses a flat rate per delivery. According to the company, it is doing close to 25,000 deliveries a day on average with a fleet of nearly 5,000 delivery boys.
GoJavas was founded in 2013 with a vision of becoming an industry leader in providing reliable, time bound logistics and supply chain solutions to its business partners. With their large network spread over 2500+ pin-codes in over 100+cities across the country they live by their motto of “Delivering a million smiles” every single day. Snapdeal, has invested an additional $20 million (about Rs 131 crore) in GoJavas.
Rivigo was founded in 2014 by Deepak Garg and Gazal Kalra, and provides logistics services. The startup had raised Rs 61.8 crore ($9.6 million) in a Series A round of funding from VC firm SAIF Partners.
7. Holisol Logistics
Founded in 2009 by Rahul Dogar, Naveen Rawat and Manish Ahuja, Holisol currently manages 600,000 sq ft of warehousing space across 14 locations. It provides back-end logistics to e-commerce players like Jabong, fabfurnish.com, freecultr.com and officeyes.com, among others. Delhi based Holisol Logistics had recently raised $10 million (Rs 67 crore) round of funding, led by private equity firm CLSA Capital Partners.