The logistics industry in India is currently worth $160 billion, and is expected to touch $215 billion over the next two years, according to the Economic Survey 2017-18. Employing 22 million people in India presently, the logistics industry is expected to be the largest job creator in the country by 2022.
A bunch of entrepreneurs had seen the opportunity that the sector offers early, with advanced technology as their tool. And a few of them have established themselves as players to bet on, as proven by the funding they have raised.
For instance, seven-year-old Delhivery–backed by Tiger Global Management and Nexus Venture Partners, among others–has raised $257.5 million so far. The Delhi-based company was founded by Mohit Tandon, Sahil Barua, Bhavesh Manglani, Kapil Bharati, and Suraj Saharan.
Ecom Express, which was founded in 2012 by TA Krishnan, Sanjeev Saxena, K Satyanarayana, and Manju Dhawan, has also around $180 million, while Bangalore-based Black Buck–founded by Chanakya Hridaya, Rajesh Yabaji, Ramasubramaniam B in the same year–has raised around $130 million from investors including Tiger Global and Sequoia Capital.
However, the list of prominent logistics startups does not end here. Investors are keen to build on an industry which will grow at 13 percent over the next three years, according to research firm CRISIL. The following startups have surely caught their eye:
- Stellarvalue was launched in Mumbai in 2016 by Anshuman Singh, who had earlier played a crucial role in building logistics for the Future Group. In private equity from Warbug Pincus, it has got $125 million, and was among the first to introduce blockchain technology in building value chain.
- XpressBees: Pune-based XpressBees counts Chinese conglomerate Alibaba along with SAIF Partners and IDG Ventures among its investors. Founded by Supam Maheshwari and Amitava Saha in 2015, XpressBees has raised around $150 million in four rounds, and is now owned by SoftBank-backed online retailer for baby products FirstCry.
- ShadowFax: Spread over Bengaluru and Gurugram, ShadowFax is backed by angel investor Zishaan Hayath as well as Snapdeal founders Kunal Bahl and Rohit Bansal, along with NGP Capital and Qualcomm Ventures. Having raised $22 million in Series C funding in August, ShadowFax now has total $41 million in its kitty.
- ColdEx: As the name suggests, this Delhi-based company focuses on cold chain solutions for food and FMCG sectors. Founded by Gaurav Jain, with a headstart in 2005, the company has raised $36 million from Asia Climate Partners. Their clientele includes MNCs like Startbucks, KFC, and McDonald’s, among others.
- Let’s Transport: Launched in Bengaluru in 2015, LT has raised around $17 million from investors including Rebright Partners and Shanghai-based Fosun Capital. Angel investors Neelesh Bhatnagar and Manish Dhingra, among others, also back this startup, which was founded by Pushkar Singh, Sudarshan Ravi, and Ankit Parasher.
- ElasticRun: Backed by Kalaari Capital and Norwest Venture Partners, this Pune-based startup has raised $17 million since its launch in 2015. Co-founded by Shitiz Bansal, Saurabh Nigam, and Sandeep Deshmukh, ElasticRun has been largely run on stealth mode following an asset-light model.
- Porter: Four-year-old Porter, based in Bengaluru, has raised around $14 million from investors including Sequoia Capital and Kae Capital, along with a few angel investors. Founded by Vikas Choudhary, Pranav Goel, and Uttam Digga, Porter merged with Mahindra Group’s logistics aggregator platform Smartshift earlier this year.
- Fareye: This five-year-old Delhi-based startup has raised $13 million from DHL and SAIF Partners. Founded by Kushal Nahata, Gautam Kumar, and Gaurav Srivastava, the company has a global footprint, and serves companies like Walmart and Amway, in addition to providing SaaS solutions for ecommerce.
Mahindra Logistics on Thursday posted a 38.2 percent rise in September quarter net to Rs 19.1 crore on margin expansion.
The Mahindra group’s logistics arm had posted a net profit of Rs 13.8 crore in the year-ago period.
Its overall revenues grew by 10.9 percent to Rs 927.4 crore for the reporting period, against Rs 835.9 crore in the previous year.
However, the gross margin widened to Rs 75.6 crore from the year-ago’s Rs 63.3 crore, which helped push up the profit.
“We continue to remain optimistic on the growth potential of the sector. We are encouraged by the government plans and actions for improving the logistics sector,” he said.
The company’s scrip closed down 1.96 percent at Rs 538.65 apiece on the BSE, as against a marginal 0.03 percent correction in the benchmark.
The revenue of Flipkart Internet is mainly generated from services like collection, marketplace, storage and logistics.
Flipkart India, the B2B arm of the e-commerce major Flipkart, has registered a manifold jump in losses at Rs 2,063.8 crore during 2017-18 compared to the previous fiscal as the Walmart-backed company fights a bruising battle against rival Amazon. The company’s total loss stood at Rs 245.04 crore in 2016-17. Its revenue from operations, however, saw a 40.4 per cent jump to Rs 21,438.65 crore in FY2017-18 from Rs 15,264.42 crore in the previous fiscal, as per regulatory documents filed with the corporate affairs ministry.
Flipkart India’s employee benefit expenses grew to Rs 331.54 crore in the said fiscal from Rs 166.66 crore in 2016-17, the documents provided by business intelligence platform Tofler showed. Flipkart’s e-commerce business Flipkart Internet also posted a consolidate loss of Rs 1,160.6 crore for the financial year ended March 2018. While this was lower than the previous year’s Rs 1,640.2 crore. The combined loss of the two Flipkart entities — Flipkart India and Flipkart Internet — was well over Rs 3,200 crore in FY2017-18.
Flipkart’s holding company is registered in Singapore. It operates different entities for various functions, and provides e-commerce and support services through Flipkart Internet. The revenue of Flipkart Internet is mainly generated from services like collection, marketplace, storage and logistics. Flipkart and its rival Amazon have been pumping in millions of dollars towards promotions, building infrastructure and logistics as they woo customers to shop online. Amazon, on its part, has also been aggressively investing in the Indian market across its e-commerce, payment and logistics operations. It had committed USD 5 billion to the Indian operations and a large part of that has already been pumped in.
Earlier in the year, Flipkart inked a blockbuster deal with Walmart under which the American retailer picked up about 77 per cent stake for about USD 16 billion. The deal gave handsome return to investors like SoftBank which sold their complete shareholding. The deal with Flipkart will also have a bearing on Walmart’s financials. Earlier this month, the US retail giant had said its investment in Flipkart will hit its operating income as well as earnings per share.
The transaction with Flipkart, which was completed in August this year, will not only help Walmart strengthen its e-commerce play but also cash in on the burgeoning e-tailing market in India that is poised to touch USD 200 billion in the next few years.
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The Indian logistics sector is on a big growth tide. According to the domestic rating agency ICRA, Indian logistics sector is expected to grow at a rate 8-10 per cent over the medium term. This is an improvement over the compound annual growth rate (CAGR) of 7.8 per cent at which the industry grew during the last five years. The logistics industry of India is currently estimated to be around US$ 160 billion. With implementation of GST the sector is expected to benefit and touch US$ 215 billion over the next two years, as per the Economic Survey 2017-18.
The last couple of years have seen significant development for this industry which is reflected in the global rankings. According to the Global Ranking of the World Bank’s 2016 Logistics Performance Index, India jumped to 35th rank in 2016 from 54th rank in 2014 in terms of overall logistics performance. The report also showed that India’s logistics sector has improved its performance on all the six parameters used in the ranking. This is a huge jump of 20 ranks and clearly indicates the growth of the sector.
There is a lot of investment that the industry is attracting and as a result of the transformations and changes led by these investments, the industry will stimulate job creation. The experts predict that it can be the largest job creator by 2022.
The sector currently provides employment to more than 22 million people in the country. The report also emphasises that improving the sector would result in a 10 per cent decrease in indirect cost, in turn leading to a growth of 5-8 per cent in exports.
The Indian government has announced that it is working at the policy in order to set up new logistics plan in the country. The intention is to devise the most cost-effective method to transport goods by the year 2035.
The policy aims at preparing a proper integrated logistics plan. The new logistics division within the department of commerce is working on this national integrated plan, with the objective to identify and iron out any existing bottlenecks and gaps in the industry.
This is good news for the sector. It will also encourage tech-enabled startups in the logistics sector as they will be able to provide seamless movement of goods across the country.
Indian logistics industry is a sunshine sector and there are multiple factors that are driving this sector towards growth and boom.
The growth of logistics is two sided – led by demand supply. The demand led growth is strengthened with the economic recovery and benefits from implementation of GST. According to the rating agency ICRA, post GST implementation the savings in terms of truck turnaround time has been approximately 18-20 per cent.
Also, the outsourcing of non-core activities like warehousing and associated activities to integrated players is leading to strengthen the organised players, which in turn is good for the industry in long term. The picking of industrial consumption is another driver on the demand led growth of the logistics industry in India.
The supply led growth drivers include improvement in logistics infrastructure, integrated logistics and birth of numerous logistics start-ups, especially tech led start-ups. According to an industry expert, “Tech-enabled startups have a huge scope to grow as well drive the growth of the sector. Not only they are attracting heavy investments, they have the potential to make export procedures hassle-free by reducing unnecessary paperwork, in turn reducing delays in delivery.”
According to the real estate consultancy CBRE’s report titled ‘2018 Asia Pacific Real Estate Market Outlook’ Delhi-NCR, Mumbai and Bangalore dominated the warehousing space demand with 50 per cent share. Although, the smaller cities have been on growth spurt too with the share of Hyderabad, Chennai, Kolkata and Pune in overall transacted space went up to 49 per cent in 2017 as against 25 per cent in 2016.
Another key trend is the preference for large warehouses that allows better automation process. According to the CBRE report, the Indian market for warehouse automation is estimated to grow by 10-12 per cent to US$ 3.49 billion by the year 2020.
Warehousing emerging as an attractive investment is another dominant trend in the Indian logistics sector. Some of key investors include Ascendas-Singbridge, Morgan Stanley, and Warburg Pincus, beside others. The investment burst in the sector is leading to development of new and better warehousing facilities.
According to CRISIL the future for the Indian logistics industry is going to shine even brighter. The research firm suggests the logistics industry of India which stood at Rs 6.4 trillion in FY17 will grow at a CAGR of 13 per cent over the next three years and will be at Rs 9.2 trillion by FY20.
The government of India is also taking significant steps to support the sector and boost its growth in the times to come. The commerce and industry ministry has decided to give a one-time funding of Rs 8 million to the sector for building up initial infrastructure and a phase-wise support of Rs 33.9 million for four years.
The government’s focus going forward is to bring down the cost of logistics which is at 14.4 per cent of India’s GDP at present. The aim is to bring it down to 10 per cent level in the next four years. This is a very significant move and will boost the competitiveness of the sector and will be significant for its further growth.
Going forward, strategic investment and government initiatives to support the sector are going to be crucial for the logistics industry in India. If the cards are played right, the sector has the potential to create huge number of jobs for the countrymen and play a key role in driving the economy on a high wave
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தமிழகத்திலுள்ள அனைத்து பிரதான நகரங்கள் மற்றும் சிறு நகரங்களிலும் எங்களது கிளையை அமைத்து அதன் மூலம் பல லட்சங்களை வருமானமாக ஈட்ட முடியும். பல்வேறு முயற்சியை நமது வெற்றிக்காக செய்திருப்போம் ஆனால் அனைத்து முயற்சியுமே ஏதோ ஒரு புள்ளியில் தோல்வியில் முற்றுபெற்றிருக்க நாம் சோர்ந்துபோய் விடுகிறோம் ஆனால் அந்த புள்ளிதான் நமது முயற்சிக்கான வெற்றியை பெற்றுத்தருகின்ற புள்ளி என்பதை நாம் உணர்வதில்லை. ஆம் “தோல்விதான் வெற்றியின் முதற்படி” அதிர்ஷ்டம் என்பது அது இஷ்டத்திற்கு வருவதால் மட்டுமே அந்த பெயரால் அழைக்கப்படுகிறது,ஆகவே அதிர்ஷ்டத்தை நம்பாதீர் அது எப்போது வேண்டுமானாலும் கை கொடுக்கலாம் அல்லது வாழ்னாளின் கடைசி புள்ளி வரை கூட கைகொடுக்காமலே போய் விடலாம். ஆனால் உழைப்பு என்பதும் முயற்சி என்பதும் அப்படி இல்லை ஆகவேதான் “தெய்வத்தால் முடியாதென்றாலும் கூட உனது முயற்சி என்பது நிச்சயம் உயர்வுதரும்”என்கிறார் வள்ளுவர்.
எப்படியான கீழ்நிலையில் நீங்கள் இருந்தாலும் முயற்சி என்ற ஒன்று மட்டும் உங்களுடனிருந்தால் உங்களை வெற்றி பெற்ற செல்வந்தனாக்க வேண்டியது எங்களது பொறுப்பு.
எங்களது தொழிலை ஏற்று நடத்த மிகப்பெரிய பொருளாதார பின்புலமோ, உயர்ந்த சமூக பின் புலமோ தேவையில்லை நாங்கள் உங்களிடம் எதிர்பார்ப்பதெல்லாம் என்னால் எதுவானாலும் சாதிக்க இயலும் என்கிற ஒற்றை நம்பிக்கையையும் ஒரு சிரிய அலுவலகமும் அதற்கான முந்தொகை மற்றும் சிறுமுதலீடும்தான்.
நமது நிறுவனத்தை பொருத்தவரை வெருமனே கவர்கள் மற்றும் பார்சல்களை மட்டுமே மையாமாக வைத்து செய்யப்படுகின்ற தொழிலாக மட்டுமில்லாமல் இன்றைய நவீன உலகின் அனைவருக்கும் தேவையான அத்யாவசிய தேவைகளான பயணச்சீட்டு, ரீசார்ஜ் உட்பட அனைத்து சேவைகளையும் வழங்கி வருகிறது என்பது கூடுதல் வாடிக்கையாளர்களையும்,அதிக வருமானத்தையும் உருவாக்கித்தரும் வாய்ப்பு உள்ளது.
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