Five startups leading Indian digital freight forwarding revolution in logistics

Rapid boom in the e-commerce sector is compelling transport and logistics to adopt technological innovation at a robust speed, with data analytics, automation and platform solutions at the helm of operations. Digitally integrated value chains are improving forecasting to scale capacity, making companies more cost efficient through automated replacements for labor-intensive processes from ware-housing to last-minute delivery.

Digital freight forwarding is enabling communication between businesses and their customers like never before, leveraging transparency in the buying experience along with tracking and tracing the status of shipments, and reducing paperwork and documentation by employing web technology, giving easy access to the stakeholders. Technological innovation is catalyzing better cohesion within organizations, and providing flexibility and scalability, driving the evolution of the supply-chain economy which currently stands at $250 billion in India, conjecturing a 10-12% cumulative average growth rate. Here are five startups in India leading the digital freight forwarding revolution:

RAAHO

Identifying the need to revise the traditional methods in trucking all across India, Raaho’s inception took place in 2017 with the aim to provide a marketplace for inter-city trucking in India, connecting shippers to truckers. The startup leverages its digital platform to furnish instant loads, faster payments, faster loading and round-the-clock support to its customers, and real-time tracking of shipments with continuous updates and on-time deliveries.

COGOPORT

Founded in 2016, Cogoport helps importers and exporters scale their business internationally through effortless and affordable technology. With diversified operations across air cargo, truckage, haulage, and customs clearance, the startup aims to lower logistics costs, provide easy tracking of shipments, and leverage reliable logistics services to optimize efficacy of the supply-chain network for its customers.

TRUKKY

Trukky is a web- and app-based logistics platform founded in January 2015 that leverages technology to provide a one-stop solution for freight requirements with an easy 3-step online web booking to live tracking, live freight pricing services, along with low-cost transit insurance and 24x7 customer support. The platform is operational over 50 cities with a network of more than 10,000 trucks.

4TIGO

4Tigo uses technology and the power of networking to enhance the Indian goods transportation business ecosystem with the use of its platform where members engage, trade, and manage the whole products transportation lifecycle combined with business services with fleet management systems, online bidding and contracting and complete contract management services. The startup is dedicated to providing knowledge and technology to empower its members to maximize productivity, efficiency, and deliver actionable customer service.

GoBOLT

Started in 2015, GoBOLT provides innovation in surface logistics through Hybrid Asset Ownership Models and ensures reliability and safety with digital locks and cameras. The startup deploys the IoT and cutting edge algorithms, route dynamics and warehouse management systems combined with an extensive service network in major centers of India to provide customer-specific supply-chain solutions.

Compared to the obsolete traditional methods, digital freight forwarding is revolutionizing the logistics space in India, providing businesses the opportunity to grow and reach customers through marketplaces with advanced features on platforms that utilize the contemporary technology to improve overall consumer experience with more cost-efficient, safe and reliable methods, allowing businesses to scale operations across domestic and international locations.