 "2015’s top-funded logistics start-ups in India")
When it became clear that ecommerce start-ups could not be profitable in India until the country solved its infrastructure woes, the logistics sector rejoiced. According to data from venture capital intelligence firm Tracxn, funding money toward logistics start-ups jumped from $69.3 million to $617.7 million between 2014 and 2015.
Because the problem was so complicated, start-ups had plenty to focus on. In 2015, logistics trends included start-ups that provided powerful backend technology, hyperlocal delivery services, and truck aggregators.
Here are the ten logistics start-ups that received the most funding in India.
Ecom Express: $133,000,000
Ecom Express provides end-to-end logistics solutions for ecommerce sites, meaning it takes care of everything that happens from the moment a customer orders something online until it’s delivered at her home. This includes collecting cash-on-delivery and managing returns.
After its initial round of $16.5 million in September 2014, Ecom Express received $133 million in private equity funding from Warburg Pincus in June 2015.
Delhivery: $85,000,000
Like Ecom Express, Delhivery provides end-to-end logistics solutions to its customers. Instead of housing these services within its company, however, it outsources the work and spends most of its energy on strengthening its backend technology.
Its investments include $5 million in first mile packaging and pickup company Parcelled.in and $7 million in last mile hyperlocal delivery service Opinio.
