With India moving towards automation and rapid technological advances, the speed of movement of goods needs to rise to meet the challenge. Today, the Industry 4.0 goal requires more and more players covering ground in terms of freight movement across all sectors. The rate of growth and the rise in demand for these services has resulted in a boom of startups and entrepreneurs that are trying to innovate in the freight industry. They are coming up with transformative ideas using AI, Machine Learning, and the full array of post-digitalization tools available today. We listed down some of the most innovative startups that are taking on the opportunities afforded by the rise in freight movement today –
FreightFox is a tech-first Logistics Partner for Manufacturing Enterprises focussed on creating value in the Indian B2B Logistics space. They offer data and technology-led solutions to deliver efficient on-ground transport operations to support the economy. Freightfox lets you track expenditure on freight, along with measuring capacities of trucks, and allowing customers to gather market intelligence. With FreightManage, FreightIQ, and FreightProcure, and more, this company offers tech-based solutions to help with all parts of freight procurement, tracking, and intelligence. They have complimented it with a pioneering Collaborative-Logistics-as-a-Service (CLaaS) capability, which is a first-of-its-kind mobility offering in India. They have expanded further in Auto Ancillary, FMCG, Energy and Engineering industry segments across large and small enterprises. They aim to enable index-based freight contracts through their cutting-edge end-to-end logistics procurement and orchestration platform.
Trukky uses their web-based and app-based tech platforms to manage online truck bookings for logistics. Users can hire trucks and manage their logistical operations through a network of truck operators across India. Their platform allows users to handle everything from freight booking to payments in one place. They also offer prompt delivery options, with expertise in including Full TruckLoad, Part TruckLoad, Door to Door delivery. Trukky also offers transit insurance powered by Bharati AXA for their customers. Users can track their shipments in real-time through Trukky’s web or app platform. They boast of a 3-step process to allow consumers to book shipments with ease.
Rivigo provides logistics solutions across eCommerce, pharma, automotive, and many other verticals. They have simple, intuitive technology products gaining quick and easy adoption by the trucking ecosystem stakeholders. Their networks rely on company-owned trucks, and they claim to lower transit time by 50 to 70% as compared to their competitors. Their goal is to ensure that each truck driver or pilot has to spend less time in transit – they plan to achieve this by setting up a relay model, wherein shipments are handed over at regular intervals to the next driver. Their networks cover over 30,000 pin-codes across India. They have more than 250 processing centres and branches spanning across more than 10 million sq.ft.
GoBOLT uses IoT and analytics to provide solutions like vehicle selection, route planning, delivery planning, documentation, and more. They are based in Mumbai, and have networks across India. Their Hybrid Asset Ownership models are a flagship offering, along with their marketplace that has more than 5000 trucks. They service E-commerce, FMCG, FMCD & Industrial sectors with their networks of trucks. With time, they would like to introduce services like brokerage, Resale, Insurance, Service, Standardized ERP platform for MFO’s & control tower services on the GoBOLT platform.
This company uses secure “lockers” to safely deliver eCommerce goods across the country. The QikPod Cube is one of their flagship products – QikPod Cube – is a secure locker. QikPod has set up these host lockers alongside ecommerce companies to make it easy for customers to pick up their parcels whenever convenient. This reduces carbon footprints left by multiple delivery attempts. This system is outfitted with QR Codes to ensure the delivery of the right parcels for the right customers. They leverage cloud APIs, responsive designs, serverless backend architectures, scalable enterprise databases, and more to innovate in smart logistics.