LOGISTICS! Can it be “ THE NEXT BILLION DOLLAR THING IN THE MARKET “?
An interesting factor to note down is that Bank of America published a report stating that e-commerce market in India will be worth $220 billion by 2025.
E-commerce has seen a rapid growth over the years. Sales and pace of selling various products through consumers is the ultimate task of E-commerce organization. Flipkart & Snapdeal are among the most popular Online E-commerce platforms and many similar to that have partnership with distributors, sellers and retailers. This has helped the E-Commerce market to gradually grow.
For of all this growth, delivery of product to customers is the utmost goal of every Ecommerce platform. This helps them to increase sales.
Startup as well as established Ecommerce firms grew and very profitable. But it faced issues in the logistics sector. Taking this issue into consideration, logistics startup received funds and grew from US$69.3 million to US$617.7 million between 2014 and 2015.
Here are some of the most aspiring and successful Logistics startups in India with unique services.
Delhivery: Delhivery is a logistic firm which focuses on strengthening its backend technology. As Supplying of products to the ultimate customers is a difficult task, Delhivery does its own research on how to tackle these issues and provide flexibility in supplying goods or products.
Ecom Express: Ecom Express had already managed to get US$16.5 million through funds. Due to its innovative idea of providing end to end logistic operations, it also provides extra services. Like controlling and examining all functioning between ecommerce firms, hiring logistic employees. It further received US$133 million in private equity funding 2015 and was a major boost for the sector.
RoadRunnr: It helps ecommerce startups move goods from local warehouse to the homes of customers. Being a tough task to deliver products from time to time to the customers, it ensures delivery of products as it is an established Logistic firm which enables food and grocery delivery products. It has proved to build a successful platform.
BlackBuck: Black buck provides its services by delivery goods and products between cities. It is a famous logistic organization as it delivers large product of goods and has also received investment from Flipkart and Accel.
Rivigo: Rivigo delivers products to the customers by having a chain of logistic providers who are placed strategically across India. To deliver products and examines its own services from time to time until the product is reached to its destination.
- Logistics startup has grown from US$69.3 million to US$617.7 million between 2014 and 2015.
- Ecommerce before faced major issue of delivering the product to the customer. Due to India receiving huge amount of Funds, the logistic sector has seen a continuous flow of progress and is expected to grow in the coming years.