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'Move In India': Logistics Sector Trends And Lead Players

The key areas in logistics have obtained a substantial improvement in operations and overall management. This may lead the Indian logistics industry to become the dominant industry in the country

The foundations of standard logistics operations in India are being transformed because of the emergence of new and organised logistic players from diverse categories in collaboration with the new-age technologies, integrations, GST and E-way bill implementation, and upgraded government regulations and infrastructure. As per the analysis by credit rating agency ICRA, the logistics sector growth stood at approximately 14-17% in 2021–22 (over pre-COVID levels), and the growth momentum is projected to record a growth of 7-9% in the current fiscal. The revenue growth is driven by the continuous demand in diverse segments such as e-commerce, FMCG, retail, chemicals, pharmaceuticals, industrial goods, etc. By this virtue, the target of India's logistics industry to reach $380 billion by 2025 with a CAGR of 7-8 percent seems achievable.


Here are 5 Indian logistic Startups operating on emerging technologies that advance their field.


Trackon


A unified logistic IT platform, Trackon offers express, economical, and domestic delivery solutions of valuable documents, parcels, heavy shipments, etc in a guaranteed next or second business day delivery across all metros and cities in India. It provides improved shipment visibility, quick billing process, reduced revenue leakages, transparency and simplified shipping. Trackon has a scalable architecture to support cloud and on-premise applications as well as mobility solutions for operations. Some of the technologies incorporated are data science, cloud-based solutions from AWS & Netmagic and various functional applications like an online ticketing system solution for customer complaints, CRM and bulk shipment processing. Through this, it has obtained predictive analysis, reduced connectivity constraints, ease of API integration, real-time tracking, automated SMS notifications and alerts, value-added solutions, real-time POD update, multiple image capture capability and GPS stamping. The IT logistics platforms have benefited over 5000+ partners. Trackon continues to process over 600lac transactions per month using highly compatible IT solutions on a freeware platform, which is hardware-independent with low connectivity requirements.

Agrigator

Founded by IIM-A alumnus Udit Sangwan and Charu Chaturvedi, Agrigator is India’s first agri-logistics-first focused digital platform. It is a one-stop solution for grain traders, millers & processors of the agriculture supply chain. It acts as a pure aggregator platform and facilitates the customers with - Grain Trade, Transport & Finance. To achieve efficiency through trust, transparency, and turnaround time (TAT), Agrigator has incorporated new-age technologies such as React, Node, NoSQL, Azure for cloud services, and machine learning. Additionally, they have integrated with third-party APIs for background checks, vehicle tracking, banking, and customer support solutions. These tools have enabled the Bhopal-based startup to offer pan India on-spot logistics availability; eliminate the intermediaries; web and mobile app services and improve network reach. Moving into autopilot mode with hassle-free and cost-effective trade and financing has also led Agrigator to manage huge, fragmented data, develop price-prediction

models, and offer verified grain traders an opportunity to expand, grow their trade network and generate jobs.

Biddano:


Biddano is India's leading B2B healthcare supply chain platform for distributors, pharmacies, and hospitals. The technology stack of the Pune-based startup includes Python/ Django, Angular, Golang, Kubernetes, Rabbit MQ, OCR, Postgres, flutter, AI, ML, UI, cloud computing, and data analytics. These tools have enabled the distinctive marketplace to provide 'just-in-time' consolidated procurement and deliveries to pharmacies with 24/7 visibility; reports for transparent order management; organized and digitized logistics as well as reverse logistics for expired drugs. By this virtue, the platform has simplified order management for over 35,000+ retailers across India.

Blackbuck


Data science-backed BlackBuck is a freight and fleet management platform that offers organized, digitized and simplified trucking experiences for shippers and truckers. With the help of machine learning algorithms, the logistics company obtains pricing and routing data through which it anticipates the routes a trucker can take and specifies the transaction's cost. It has pioneered in transforming the offline operations of trucking to online with the integration of multiple technology stacks that include Appsee Mobile App Analytics, SendGrid and MailChimp among others. They use products from distinct categories such as software frameworks, web analytics, and database management system. The first logistic unicorn aims to create indefinite value and deliver measurable results for shippers and fleet operators through instant availability, fair and transparent pricing along with seamless experience.



Dunzo


An on-demand delivery service platform, Dunzo operates on 60-minute deliveries and serves in commute, courier, and commerce verticals. Dunzo's technology infrastructure includes Python, Jango, NodeJS and Go among others. In addition to this, with the help of data science, machine learning and artificial intelligence, the startup improves its services, personalizes the user experience, task allocation, etc. Dunzo relies on its mobile app, which is compatible with both Android and iOS and plans to incorporate deep learning technologies as an integral part of the business.



Constant advancements in technologies in distinctive industries have led to the standardization of operations and sustained innovation. TT.


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