Riding on structured reforms including the infrastructure status and the implementation of Goods & Services Act, Indian warehousing and logistics sector is estimated to attract nearly $10 billion investments over the next 4-5 years. With addition of around 200 million sq ft warehousing space across India, total supply is expected to nearly double by 2022, estimated JLL India.
Read MoreTVS Motor Company has invested $3.85 Million in Bengaluru based-TagBox, a supply chain industrial internet of things (IIoT) and machine learning platform company as part of its Series A funding round. The round was entirely led by TVS Motor Company and its Singapore based Subsidiary, TVS Motor (Singapore) Pte.
Read MoreSnowman Logistics, an integrated temperature-controlled logistics services provided has been increasing its pan-India presence with strategically located temperature controlled warehouses, including key markets of Mumbai, Chennai, Bengaluru and Kolkata.
Read MoreLogistics optimisation startup Locus has secured $20 Mn in a funding round led by New York-based hedge fund Falcon Edge, VC firm Tiger Global and existing investors Exfinity Technology Fund- Series II and Blume Ventures India Fund II, in two tranches in February and April. Although, it’s not clear whether this investment is part of the bigger $20 Mn funding round or not.
Read MoreTrucking in India has long been a dangerous and thankless job. Most drivers have to deal with long periods away from home, sleepless nights, and harassment by police and other authorities. They have high rates of alcohol and drug abuse, and sexually transmitted diseases. So, while India’s growing economy needs around 10-15 lakh new drivers every year, very few young men want to take up truck driving.
Read MoreThe roar of passing trucks frequently drown out conversations at eateries lining NH 48 in Nelamangala, an hour northwest from Bengaluru city. A nondescript highway town of some 38,000 residents, this is a significant way station on the key highway connecting Bengaluru & Mumbai, as it heads out towards the commercial hubs en route, such as Tumakuru, Hubbali and beyond.
Read MoreZinka Logistics Solutions Pvt. Ltd, which operates business-to-business (B2B) technology-enabled logistics startup BlackBuck, has raised $36.07 million (Rs 249.78 crore at the current exchange rate) as part of an ongoing funding round. Venture capital firm Accel, an existing investor, led the fresh infusion by contributing $30.92 million (Rs 214.10 crore), show filings with the Ministry of Corporate Affairs. B Capital, the venture capital firm floated by Facebook co-founder Eduardo Saverin, put in the rest.
Read MoreIndia’s big e-commerce companies as well as startups are set to ramp up delivery fleets, the most crucial last-mile link in the supply chain, amid intensifying competition to grab a larger share of the customer wallet. Swiggy, Grofers, MilkBasket and Shadowfax are doubling delivery teams this financial year, and biggies such as Amazon and BigBasket have equally aggressive plans.
Read MoreFor the past few years, India has been battling with higher air pollution, and there’s increased pressure from the global community on India’s increasing population to cut down reliance on fossil fuels. The switch to renewable energy is happening, but at the same time, high pollution rates mean Gurugram is the most polluted city and Delhi the most polluted capital in the world. A major contributor to this growing pollution is vehicular emissions, especially as millions of Indians start using the convenience of online shopping and deliveries.
Read MoreThe government on Thursday relaxed the norms for e-way bills. Rules regarding validity have been changed, while a facility has been provided for auto-calculating the route distance. Under the goods and services tax (GST) regime, an e-way bill has to be generated if goods worth over Rs 50,000 are transported.
Read MoreHome-grown logistics firm DTDC is planning an investment of ₹400-500 crore over the next three years. Investments will be made towards setting up transit hubs and allied infrastructure. The company is eyeing a 60 per cent growth in its profits for FY19 (as compared to the previous year).
Read MoreBengaluru-headquartered logistics startup BlackBuck’s parent company Zinka Logistics Solutions Pvt Ltd, the company raised the funds in two rounds of INR 249.78 Cr ($36.09 Mn) and INR 303.31 Cr ($43.28 Mn) issuing 12,903 and 15,668 Series D compulsorily convertible preference shares respectively.
Read MoreGerman insurer and asset management company Allianz has tied up with global logistics developer e-Shang Redwood (ESR) to jointly invest about $1 billion in India's rapidly developing logistics and warehousing sector.
Read MoreThe rapidly growing e-commerce sector launched its own trade association under the name of The E-Commerce Council of India (TECI) on Wednesday. The founding members of TECI include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe, and Fynd along with online brands like Mamaearth, Superbottoms, and Azah.
Read MoreFrance-based FM Logistic Friday said it plans to invest USD 150 million (a little over Rs 1,000 crore) over the next five years to set up new warehouses in India. This amount will be used to focus on multi-client warehouses. The company plans to expand to five cities including four metropolitan cities.
Read MoreBy the year 2020 the FMCG market is expected to blow up to 104 Billion. It is a paramount indication of top FMCG companies in India investing on the optimization of organized retail. Digitization and automation are thus reimagining the traditional sales and distribution set-up of the FMCG market in India.
Read MoreUS based late-stage investor Accel Growth is leading a $100-150 million investment - along with Goldman Sachs, Facebook co-founder Eduardo Saverin’s B Capital and venture capital firm Sequoia Capital - in online freight aggregator BlackBuck. The deal will also see existing backers like Sands Capital and IFC invest in the four-year-old startup, valuing it at over $800 million, said the sources.
Read MoreA Bengaluru-based logistics company, Shadowfax has recently announced that it will expand its business-to-consumer (B2C) logistics service for Chinese ecommerce and logistics companies to deliver goods at the doorstep of Indian online consumers. The startup’s initiative to tap into Chinese imported goods comes at a time when China’s imports to India rose by 16.6% to $50 Bn in 2017-18.
Read MoreGurgaon-based logistics startup Delhivery raised $395 million in its Series F round to become the first Indian unicorn of 2019. The company raised $350 million from SoftBank Group alone, while existing investors Carlyle Group and Chinese conglomerate, Fosun International also participated in the round.
Read MoreThe Ministry of Commerce had published the draft policy and opened the issue for public discussions. The policy is being prepared by the logistics division within the commerce ministry. Accordingly, the logistics division came up with a draft which aims to provide an impetus to trade, enhance export competitiveness, improve India’s ranking in the Logistics Performance Index to between 25 and 30, among other initiatives.
Read MoreToday, the transformations that India is going through can be witnessed across all walks of life. Our industries are getting modernized as relevant automation and tech-adoptions are increasing their throughput while also improving efficiency. Looking at the larger picture, this development is adding to the market visibility and that of across-the-board processes.
Read MoreCalcutta has emerged as the third-largest market for warehousing and logistics in India, recording a 70 per cent growth in the absorption of space as the state starts reaping benefit from the implementation of the GST and the penetration of e-commerce. The city, which usually appears at the bottom of the pecking order when it comes to residential and office space adsorptions, consumed 3.4-million-square-foot space in 2018.
Read MoreRiding on structured reforms including the infrastructureNSE 0.96 % status and the implementation of Goods & Services Act, Indian warehousing and logistics sector is estimated to attract nearly $10 billion investments over the next 4-5 years. With addition of around 200 million sq ft warehousing space across India, total supply is expected to nearly double by 2022, estimated JLL India.
Read MorePune-based eCommerce logistics provider Xpressbees has raised INR 35 Cr ($4.9 Mn) from Mumbai-based venture debt and specialty lending company InnoVen Capital. It is not yet known if other investors participated in the round. It provides services such as last-mile delivery, reverse logistics, payment collection, drop shipping, vendor management, cross-border services, fulfillment services and tailored software solutions.
Read MoreAramex global financials were impacted after down-scaling India ops. Aramex had earlier acquired Mumbai’s Grab.in, and Jaipur’s Logisure. It provides logistics for major eCommerce companies such as Amazon India. Delhivery has reportedly acquired the India business of Dubai-based logistics firm Aramex for an undisclosed amount. Delhivery will take over Aramex’s local operations with effect from March 1, 2019.
Read MoreIndia’s largest e-commerce firm, Mjunction services limited, has entered into a strategic partnership with blockchain shipping firm Shipnext, global maritime news agency Sea News reports Feb. 20. The new partnership intends to boost efficiency across Mjunction’s supply chain, bringing value-added services to its clients. Mjunction’s large cargo base is expected to attract more traffic, shipowners and ship operators to Shipnext platforms.
Read MoreAs the government refused to budge on the FDI norms kicked in on February 1, Amazon sellers have reportedly cited that they are unable to manage logistics and order deliveries on their own, and some have even reportedly called it quits. Amazon’s FBA sellers, such as Cloudtail and Appario, which helped the sellers in fulfilling orders have now stopped operations due to restrictions.
Read MoreChicago-based freight tracking logistics startup FourKites has announced that it will utilise a part of its $50 Mn Series C funding in doubling the employee headcount of its engineering arm in Chennai. Its existing investors - August Capital, Bain Capital Ventures, CEAS Investments and Hyde Park Angels - had invested in the startup’s latest funding round.
Read MoreLogistics-technology firm Rivigo Services Pvt. Ltd has raised $35.6 million in a fresh round of funding from existing investors Warburg Pincus and SAIF Partners. Company secured this sum by issuing compulsory convertible preference shares (CCPS) to the private equity giant and multi-stage investment firm.
Read MoreAll other industries are highly dependent on transportation, materials and goods for their very functioning - an efficient flow of which is what the logistics sector is essentially tasked with. Logistics has been projected to play a progressively significant role in driving the Indian economy further. Indian logistics sector has received great boost through policy level changes and transforming business environment in the past few years.
Read MoreMorgan Stanley is set to enter the Indian warehousing space through a Rs 400-crore investment via which it will take 85-90% stake in a platform to be jointly operated with KSH Group, sources close to the deal told FE. The investment is likely to be done from the Morgan Stanley Real Estate Fund (MSREF).
Read MoreIndia has a total road network of 5.6 million km. National highways account for 2.3% of this with a total length of 131,326 km, state highways account for 144,961 km and other roads 5.3 million km. National highways cater to more than 40% of the road traffic.
Read MoreBacked by a $300-m equity fund it hopes to develop 14-15 million sq ft of logistics space. Singapore-based real estate major Ascendas-Singbridge, which is among the largest foreign developers in India, is on a major expansion-cum-diversification drive, including logistics parks, data centres and co-working spaces.
Read MoreExpect the bigger conglomerates to continue to partner with technology partners. Expect companies to put more emphasis on increasing the visibility of their operations. Expect companies to focus more and more on automated optimal routes.
Read MoreThe logistics sector in India witnessed a new high recently, when the Kolkata-Varanasi and the Kolkata-Patna container cargo route was made operational by IWAI. After this successful endeavour, The plans in place for a safe and effective mode of transport for pilgrims and elaborates on the big plans towards making the cost-effective and environment friendly, inland waterways a flourishing new transport modal choice in India.
Read MoreDIPP on December 26, 2018, introduced certain changes to the 2017 policy governing FDI in the ecommerce sector. Policy changes in the garb of clarifications have the potential to change the dynamics of Indian ecommerce space. The changes are likely to impact the core business model of the likes of Amazon and Flipkart.
Read Moree-Shang Redwood (ESR) announced its strategic partnership with global asset manager Allianz Real Estate to invest around US$1 billion in the country’s logistics and industrial property market. Hindustan Infralog Private Limited (HIPL), a joint venture floated by Dubai-owned port operator DP World and the National Investment and Infrastructure Fund (NIIF) committed US$3 billion in ports, logistics and related sectors.
Read MoreIntel’s CLP provides services in the logistics and transportation industry to operate at low margins to boost efficiency. Intel’s Connected Logistics Platform allows the customer to automate shipment tracking and increase shipment visibility (e.g. location, temperature, humidity, mishandling) of high-value goods as they move through the supply chain and to their final destination.
Read MoreFairfax owned Saurashtra Freight plans to invest an amount ranging from INR 50 million to INR 1,000 million in companies in the field of logistics, warehousing, transportation and other relevant sectors associated to freight industry. The organization aims to invest up to INR 3500 million in the next three years to fuel its growth in the industry.
Read MoreAccording to market estimates, 30% of products sold on e-commerce platforms are returned. Reverse logistics, or managing the product return process, besides repackaging and refurbishing them, is disrupting the $160-billion Indian logistics industry.
Read MoreSouth East Asia and India-focused private equity firm Everstone is set invest $500 Mn (INR 3,577.5 Cr) in the logistics sector along with global logistics company GLP. The investment will focus on different sectors, including express-delivery, smart trucks, telematics and automation/robotics.
Read MoreE-way bill is mandatory for interstate movement of goods where the value of goods exceeds Rs. 50,000 (US$716), in motorized conveyance. The mechanism ensures that transporters need not have separate transit passes for moving goods across state-borders as the electronic bill is valid throughout India.
Read MoreIndia's logistics industry, currently estimated to be worth around $160 billion, is projected to reach $215 billion in the next two years. The meet, titled 'Logix India 2019', is an initiative taken by India’s trade body FIEO (federation of Indian exporters organizations), along with the Indian government, with the twin objective of inviting various international investment opportunities and tie-ups in the domestic logistic sector..
Read MoreBengaluru-based tech-enabled logistics marketplace Diptab Ventures Pvt. Ltd, which runs under the brand name LetsTransport, has raised $14.2 Mn (INR 100 Cr) in Series B funding from Bertelsmann India Investments, Fosun International and other investors. The company will use the fresh funds to strengthen new technology, add new portfolio verticals and scale up its operations.
Read More“Especially in the tech analytics space,” says CEO, Pirojshaw Sarkari. Mahindra Logistics is currently in talks with two companies. Three months earlier, it invested in Transtech Logistics in a two-step transaction that will see it holding 51% in the startup.
Read MoreChief Minister Manohar Lal says Haryana is third in India in ease of doing business. Five new cities similar to Gurugram in development and investments of over Rs 5.5 lakh crore, one of many, are taking place. Several lakhs of job opportunities expected in the coming years.
Read MoreThe company has drawn up a strategic roadmap to expand its operational footprint by establishing a market presence in Kenya, where the government plans to make the country Africa's auto-manufacturing hub, and Jebel Ali Free Zone in Dubai, which has emerged as a leading logistics and distribution hub for the automotive industry in the region.
Read MoreThe LDB project, unveiled in July 2016, was launched in the Kolkata Port Trust (KoPT), with the aim to track cargo in real-time. The initiative is expected to help cut logistics cost, which is high in India at 14% compared to 7-8% in developed nations.
Read More
Velocity (Transport System)
LogiCloud link
PODxpress link