Indian Logistics Startups

TVS Capital Funds led the Series C funding round

Sixth Sense Venture Fund and Samena Capital also invested in the round

Leap is investing in track and trace technologies

Rivigo has reportedly laid off nearly 70-100 employees over the last few months

The company also withdrew around 50 offers of college students

Gazal Kalra, cofounder of Rivigo, said the recent attrition was due to “performance and market dynamics”

Finance Minister Sitharaman said the government would examine investments in all areas of logistics

Among the promises were multiple industrial corridors, dedicated freight corridors and more

Sitharaman proposed public-private partnership to build rail logistics infrastructure

India currently spends about 14% of its GDP on logistics

Union commerce minister Piyush Goyal wants to bring this cost down to 9%

The policy is being worked on by the Department of Logistics

Sequoia Capital last invested $3.4 Mn in LocoNav in 2017

LocoNav claims to serve in over 100 cities in India

It works with over 10K businesses

SoftBank Ventures Asia invests in early-stage companies

The $500 Mn SoftBank Acceleration Fund is scouting for investments in India

LogiNext claims to have been growing at 100% Y-o-Y

The equity round has been led by Goldman Sachs and Accel

Wellington, Sequoia Capital, B Capital and LightStreet joined the round

BlackBuck will use the funds to increase its presence in the logistics business

Shadowfax is running trials with Chinese ecommerce players to import goods to India

Startup estimates China to India ecommerce market receiving daily orders worth $12.8K

Its AI-driven solution called Frodo helps in optimising the delivery route accurately

With this, Reliance will control 83% equity of Grab

The company said Grab will support its digital commerce initiatives

Reliance will further invest $5.63 Mn in Grab by 2021

Bertelsmann India, Fosun participated in the round

LetsTransport will use fresh funds to add new portfolio verticals

It plans to reach 20 Indian cities in FY18

FLEECA offers multiple services including tyre-as-a-service, inspection and retread

The company will use fresh funds to further develop its product

FLEECA offers multiple services including tyre-as-a-service, inspection and retread

The company may also raise equity worth $35.6 Mn from PE firms in the next two months

LEAP India plans to use funds for its capital expansion of $21.36 Mn (INR 150 Cr) this year

LEAP India claims to have doubled its number of pallets to 1.7 Mn in the last one year