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Top 10 logistics startups in Mumbai

top 10 logistics startups in mumbai

Mumbai, praised as the ‘city of dreams’ in books and popular culture, has traditionally been high on entrepreneurial zeal too. It is, after all, the ‘city of dhandha’ (the colloquial term for ‘businesses) – fast, furious, and financially inclined. Mumbai is the financial hub of India and among the wealthiest city globally. It has also become the startup hub of India and has given rise to numerous startups recently. 

StartupLanes brings to you the top 10 startups from the logistics space in Mumbai.

The startups are ranked concerning various factors viz.-

  1. The total funding
  2. Revenue for FY20
  3. Volume of downloads of their respective applications on Google Play Store
  4. Customer reviews

List of top 10 Logistics startups in Mumbai:

1. Grab (Grab a Grub Services Pvt. Ltd)

Founded in 2014 by Jignesh Patel, Nishant Vora, and Pratish Sanghvi, Grab is India’s first and leading delivery service for businesses & merchants to bridge the gap between them and its consumer. Grab is a last-mile logistics service for businesses and enterprises to manage their last-mile deliveries. Grab is presently operational in 100+ cities in India. The logistics organization has close to 650 employees. Grab has raised a total of $7.3 Million in funding, the latest is being $ 1.5 million on 22nd February 2018. Grab is funded by 7 investors with SIDBI Venture Capital and Aramex Ventures being the most recent. Its revenue for FY20 reached $121 million.

It has over ten thousand app downloads on Google Play Store with an impressive rating of 4.3/5.

2. Cogoport

 Founded in 2016 by Anurag Dabral, Harsh Kumar, Kunal Rathod, and Purnendu Shekhar, Cogoport is a platform that provides the freight buying industry with spot rates and bidding processes for freight buyers. Cogoport aspires to bridge this gap and digitize the international freight buying market by providing instant spot rates and a fast bidding/quotation process for the freight buyer – which stands at the top of the value chain. They have been able to stitch together a strong team with decades of sectoral experience alongside technology hackers from premier institutes. The logistics organization has close to 160 employees and has raised a total of $7M in funding over 4 rounds. Their latest funding was raised on Jan 1, 2019, from a Venture-Series Unknown round. InnoVen Capital and Accel are their most recent investors. The revenue for FY20 reached $1.2 million.

It has over one thousand app downloads on Google Play Store with an impressive rating of 4.6/5.

3. Freight Tiger

Founded in 2014 by Swapnil Shah, Freight Tiger is India’s largest software-enabled digital freight network. It has built the first multi-tier location visibility and collaboration tech platform to facilitate communication across the entire logistics and transportation industry. Today, with 170+ clients, it creates solutions, technology, and services that positively impact the lives of everyone from shippers to transporters to drivers. The logistics organization has close to 150 employees. Having raised a total of Rs. 550 million in funding over 1 round, their latest funding was raised on July 2, 2019, from a Venture – Series Unknown round. Alsthom industries and Light speed India Partners are their most recent investors. The revenue for FY20 reached $21 million.

It has over one thousand app downloads on Google Play Store with an impressive rating of 4.0/5.

4. Blue Dart Express Limited

Founded in 1983 by Clyde Cooper, Khushroo Dubash, and Tushar Jani, Blue Dart Express Limited is a Courier Company and provides services across the globe. It is South Asia’s premier courier and integrated express package Distribution Company. It has the most extensive domestic network covering over 35,004 locations, and services more than 220 countries and territories worldwide through their group company DHL, the premier global brand name in express distribution services. The logistics organization has close to 5300 employees. Their revenue for FY20 reached $447 million.

It has over 100K+ app downloads on Google Play Store with an impressive rating of 2.5/5.

5. WOWEXPRESS

Founded in 2015 by Jayesh Kamat, Mazhar Faruqi, and Sandeep Padoshi, WOW Express offers technology-enabled logistics solutions primarily to E-Commerce companies. WOW Express is a one-stop solution provider for a wide range of customers with diverse expectations and demands. It offers a full range of integrated solutions for e-commerce customers including warehousing, order fulfillment, marketplace pickups and last-mile deliveries including Cash on Deliveries as well as Reverse Pick-ups. It intends to give all its customers a WOW experience through its logistics services. The logistics organization has close to 120 employees. Having raised a total of $7.2 Million in funding over 3 rounds, their latest funding was raised on June 28, 2018. Wow Express is funded by Tamarind Family Private Trust. Their revenue for FY20 reached $7 million.

It has over 500+ app downloads on Google Play Store with an impressive rating of 1.8/5.

6. Parsel 

Founded in 2015, by Akhil Sharma, Himanshu Meena, Ishan Modi, and Rakesh KS, Parsel is a technology platform that allows for instant routing of delivery resources to demand requirements across e-commerce, retail & FMCG. Parsel is an API-first platform hence ensuring easy API integration with your system and allows seamless flow of data between the two systems. The logistics organization has close to 15 employees. Their latest funding was raised in February 2016 amounting to $ 2 Million. Vijay Jain, Nimir Mehta, and Rohan Singh are its key investors. The revenue for FY20 reached Rs. 19.2 Crores.

It has over one thousand app downloads on Google Play Store with an impressive rating of 4.4/5.

7. EBikeGo

Founded in 2019 by Hari Kiran P, Irfan Khan, and Kedar Soman, eBikeGo is a one of its kind Revolutionary startup providing environment-friendly means of transportation through eBikeGo rental and Delivery. eBikeGo is India’s first-ever platform offering an electronic mode of transportation ( rental electronic bikes and electronic taxis) which runs for around 100 km after an electronic charge for about 2 hrs and makes the daily movement zippy with a speed of 55 km/ hr. The logistics organization has close to 55 employees. Having raised a total of $2.2 Million in funding over 3 rounds, their latest funding was raised on February 17, 2021. Sukhbir Singh and Sumant Singhal are their most recent investors. Their revenue for FY20 reached $ 6 Million.

It has over 100+ app downloads on Google Play Store with an impressive rating of 3.6/5.

8. LEAP India

Founded in 2013 by Sunu Mathew, LEAP INDIA is a leading pallet and container rental provider across India and began its journey in 2013. Ranging from strategic management, lumber sourcing, distribution & channel marketing, sales & supply chain, LEAP’s business is of returnable packaging and pooling of equipment namely; wooden pallets & boxes, plastic containers, metal wire mesh catering to all sectors that work with these products to store or transfer goods from one site to another. LEAP’s efforts are focused to support its customers right where they are. It provides end-to-end solutions to its clientele for the movement of products. By defining a high standard of products and services, they streamline national and multi-national operational tasks for their customers. The logistics organization has close to 235 employees. Having raised a total of $79.7 Million in funding over 6 rounds, their latest funding was raised on January 21, 2021. Morgan Stanley and Mayfield Fund are their most recent investors. Their revenue for FY20 reached $ 4 Million.

9. Emiza Inc

Founded in 2015 by Ajay Rao, Emiza is a tech-enabled 3PL with two distinct lines of business warehousing and less than truckload (LTL) distribution. The LTL market in India is highly fragmented and is a major pain area for companies especially in the area of regional and rural distribution. Emiza has built its own network of hubs across North India and runs daily services across these hubs connecting part loads for its customers. Emiza also has its own last-mile fleet to deliver parcels from these hubs to every city and district within the region. Emiza’s LTL solution allows companies with smaller loads to reach their end customer on time and at a reasonable price point. Emiza’s LTL network serves not only the offline market but also serves the online market by giving companies a strong and reliable network for e-commerce deliveries of large parcels, white goods, brown goods, etc. The logistics organization has close to 45 employees. Having raised a total of $4.5 Million in funding over 1 round, their latest funding was raised on April 13, 2017. Dileep Nath and Nishant Rao are their most recent investors. Their revenue for FY20 reached $ 2 Million.

10. Vamaship

Founded in 2016 by Bhavik Chinai and Rohit Chemburkar, Vamaship, the world’s first integrated logistics platform, was launched with the objective of revolutionizing the fragmented logistics industry. Incepted in October 2015, Vamaship intends to transform logistics by facilitating shipping at the cheapest cost through air, ocean, and surface and also helps to automate shipping processes. Vamaship is a logistics marketplace for businesses, facilitating shipping to over 27,000 pin codes in India and over 200 countries to and from India. The logistics organization has close to 35 employees. Their latest funding was raised through a seed round on January 29, 2016. BVC Ventures is their most recent investor. Their revenue for FY20 reached $ 2.66 Million.

It has over 100+ app downloads on Google Play Store with an impressive rating of 2.6/5.

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Author: Priyanka Mohata

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