15 Best Logistics Technology StartUps To Watch Out In 2022

 The e-commerce boom acted as a catalyst for the logistics sector in the country. Businesses are shedding the traditional approach to adopt high-tech tools to solve transport and logistics challenges. While the logistics tech sector has been around for decades, the e-commerce boom in the early 2000’s acted as a catalyst for the logistics sector in India. The presence and impact of logistics in the day-to-day lives of people are so ingrained that we often fail to notice how quickly the delivery arrives or fathom the intensity of activity in this space. From the food on the plate to gadgets and large appliances, the logistics sector has made it possible for most businesses to reach the end consumer.

As per the Economic Survey 2020-21, the Indian logistics market is expected to reach about $300 Bn in 2022. In this blog, we explore the startups that are developing unparalleled products focused on changing the way in which the logistics industry is currently run. With angel investors backing them and public funding motivating them, the exciting concepts that are being built and launched help manage the cumbersome logistic processes with ease. 

Top freight forwarding companies in India has curated a list of some logistics tech startups that have the potential to outshine in 2022.

Blowhorn

Blowhorn is an intra-city logistics tech company operating across Bengaluru, Chennai, Delhi, Hyderabad, and Mumbai. It claims to have pioneered the spot and fixed-contract transportation market and is now turning its attention to speed across logistics offerings. The startup provides fixed contract-based as well as variable engagement models for large enterprises, SMEs and individuals. In terms of market impact, Blowhorn claims to work with more than 100 enterprise customers including names such as Amazon, Flipkart, and Udaan on the demand front with a 95% retention rate. On the supply front, the company has about 3000 vehicles operating on a daily basis. 

 

 

Fr8

Founded in 2016 by Vasanth Immanuel and Jayendran Panneerselvam, Fr8 is a technology-driven logistics service provider, offering long-haul trucking solutions to large corporations, SMEs, and agribusiness ecosystem. The online marketplace for logistics transactions helps customers move truckloads between cities with little to no friction.

Freightwalla

Founded in 2017 and headquartered in Mumbai, Freightwalla is a technology-enabled Indian shipping freight forwarder. The startup claims to focus on addressing inconsistent service levels in the B2B international logistics industry by leveraging technology to offer real-time updates, online documentation services, and consistent pricing.

LetsTransport

Letstransport is a B2B tech-logistics solution provider for intra-state deliveries. The startup aggregates light commercial vehicles for urban logistics and has onboarded more than 50K truckers across 14 cities with up to 10 tonnes of loading capacity. The startup was founded in 2015 by Pushkar Singh, Sudarshan Ravi Jha, and Ankit Parashar. Letstransport is headquartered in Bengaluru and registered a revenue of INR 47.59 Cr. in FY18 as per filings on Tofler. 

Locus

With a customer base of over 40 enterprises, including the likes of Blue Dart, Bigbasket, Myntra, Unilever, Tata Sky, Urban Ladder, and Lenskart, Locus is looking to bring efficiencies in the logistics sector using geocoding, deep machine learning and proprietary algorithms. It offers smart logistics solutions like route optimisation, real-time tracking, insights, beat optimisation, efficient warehouse management, vehicle allocation, and utilisation. The startup was founded in 2015 by Nishith Rastogi and Geet Garg to bring predictive analytics to the logistics industry. 

LogiNext

LogiNext’s model running on AI-based algorithms predicts location-based decisions and automates the delivery processes like route planning, ETA calculation, traffic prediction and also manages exceptions, notifications and the customer experience in real-time. The startup charges an annual fixed fee per unit across various business functions like order capturing, capacity management, dispatch, and analytics. Founded in 2015 by Dhruvil Sanghvi and Manisha Raisinghani, LogiNext has a global physical presence in 5 countries and users in 40 countries. 

Shipsy

Most logistics platforms nowadays rely heavily on data and Shipsy uses data to support businesses in planning and reducing logistics costs. Founded in 2015 by Soham Chokshi and Dhruv Agrawal, Shipsy has customers in Dubai, Saudi Arabia, Southeast Asia, and North Africa and across various industries ranging from petrochemical, steel manufacturing, rice export, brick, and mortar retailers among others.

TagBox

Securing goods and products in transit is a key challenge for e-commerce and supply chain businesses. Founded in 2016, TagBox helps customers cost-effectively and reliably ‘tag’ a product, supply chain shipment, monitor its health in real-time, and ensure that shipment quality is not compromised. Founded by Adarsh Kumar, Sameer Singh, and Saumitra Singh, TagBox plans to focus on providing thermal-vision powered quality and traceability solutions for cloud kitchens in the future. The Bengaluru-headquartered company’s BoxLens platform combines an IoT based real-time and granular sensing to monitor temperature, humidity, shock, light, energy, and location with machine learning-driven predictive insights to identify excursion, theft or damage risk and help in better planning for the supply chain.

LogMore

 

This European-based startup brings in the all-important 360-degree visibility factor into the logistics lifecycle. The Logmore Platform uses artificial intelligence to detect bottlenecks, deviations, and trends.

Their product aims to support the logistics industry by being able to predict where damages could occur and ensure quality through prevention and legal protection. The software is also capable of ensuring that healthcare, chemical, food, and electronics cargo are transported under suitable environments.

With automated reporting, this software is every manager’s dream. 

 

Terminal49

This startup provides an all-in-one shipment and container tracking platform.

With current global trends, there are more cargo delays than ever before, and hence the logistics industry is scrambling to identify and predict vessel arrivals.

This Terminal49 software aims to reduce the manual labour that is required to track shipments and eliminate demurrage payments by providing daily email alerts. Presenting ETAs in a streamlined manner, this API can be integrated into already existing TMS or ERP Softwares.

 

FourKites

Offering a thriving community of the world’s most passionate supply chain experts to share best practices and innovation opportunities, the FourKites visibility software concentrates on streamlined information flow for educated decision-making.

Every 15 minutes, over 150 factors, including weather and traffic, are monitored to predict the ETA of vessels. The FourKites Solution banks on telematics, AI, GPS, and advanced analytics advancements to engineer solutions with real-time accuracy. It helps optimize dock utilization and keeps shipments secure.