The logistics industry in India is currently worth $160 billion, and is expected to touch $215 billion over the next two years, according to the Economic Survey 2017-18. Employing 22 million people in India presently, the logistics industry is expected to be the largest job creator in the country by 2022.
A bunch of entrepreneurs had seen the opportunity that the sector offers early, with advanced technology as their tool. And a few of them have established themselves as players to bet on, as proven by the funding they have raised.
For instance, seven-year-old Delhivery--backed by Tiger Global Management and Nexus Venture Partners, among others--has raised $257.5 million so far. The Delhi-based company was founded by Mohit Tandon, Sahil Barua, Bhavesh Manglani, Kapil Bharati, and Suraj Saharan.
Ecom Express, which was founded in 2012 by TA Krishnan, Sanjeev Saxena, K Satyanarayana, and Manju Dhawan, has also around $180 million, while Bangalore-based Black Buck--founded by Chanakya Hridaya, Rajesh Yabaji, Ramasubramaniam B in the same year--has raised around $130 million from investors including Tiger Global and Sequoia Capital.
Recently, the focus has been on Gurugram-based Rivigo, founded by Deepak Garg and Gazal Kalra in 2014, which has $180 million in its kitty. Rivigo is inching closer to unicorn status, with its valuation touching $900 million in its last funding round earlier this year.
However, the list of prominent logistics startups does not end here. Investors are keen to build on an industry which will grow at 13 percent over the next three years, according to research firm CRISIL. The following startups have surely caught their eye: