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First Successful Flight of Volocopters VoloDrone

12Oct By NitishNo Comments

Automobile

First Successful Flight of Volocopters VoloDrone

HAMBURG, Germany, Oct. 12, 2021-- Volocopter's electric heavy-lift drone VoloDrone conducted its first public flight today at ITS World Congress 2021. Together with the international logistics leader DB Schenker, Volocopter, the pioneer of urban air mobility (UAM), demonstrated VoloDrone's seamless integration into the logistics supply chain with an end-to-end cargo transport demonstration. The partners showed their significant progress together since DB Schenker became a strategic investor of Volocopter in early 2020. The 3-minute test flight took off at 3:02 p.m and reached a maximum altitude of 22 meters. For this delivery simulation, the electric heavy-lift utility drone was equipped with a load-box in between its landing gear. First, the demonstration teams secured a Euro-pal...

Captain Fresh raises USD 2.3 mn from investors

17Aug By AdityaNo Comments

FUNDING

Captain Fresh raises USD 2.3 mn from investors

Freshwater fish and seafood supply chain platform Captain Fresh has raised USD 2.3 million (over Rs 17 crore) from investors, including Ankur Capital. In pre-series A round of funding, Incubate Fund India and Silicon Valley-based angel investors also participated. Captain Fresh leverages technology to deliver freshwater fish and seafood to retailers across all key formats. "The fund will be used to invest in technologies like computer vision, IoT, bots, data analytics to digitize and drive efficiencies across the supply chain," the company said in a statement. Captain Fresh also plans to expand into new cities and increase headcount. Captain Fresh was founded in April 2019 by Utham Gowda, an ex-investment banker. Gowda said, "We started with a simple vision to build a fr...

After Covid19 Warehouse Demand May Rise in Cities

10Aug By AdityaNo Comments

ANALYSIS

After Covid19 Warehouse Demand May Rise in Cities

The demand for small warehouses within city limits is expected to rise over the next one year as e-commerce firms are targeting to ensure same-day deliveries of food and grocery items to customers, according to a report. The demand is likely to be for warehousing of 5000-10,000 sq ft size, property consultant Colliers International said. “E-commerce companies are focussing on same-day delivery with the pandemic-influenced lockdowns placing greater dependency on e-commerce for food and grocery items,” the report said. The consultant said that e-commerce companies are now trying to stock a larger proportion of inventory closer to their customers’ locations for efficiency and to improve the quality of products upon delivery. “Over the next 12 months, we believe in-city warehouses...

22Jul By AdityaNo Comments

Tech

5 Ways IoT Technology Is Revolutionizing Supply Chain Management

The Internet of Things (IoT) is a fast-growing network of gadgets and devices that can connect to the internet wirelessly. These devices are already changing daily life in ways both obvious and more subtle. Plenty of people already have their homes full of IoT devices smart lights, wireless security cameras, smart home devices, smart thermostats, and so forth but the real innovations are happening in the industry. Shipping, logistics, and supply chain management are already feeling the benefits of implementing IoT to track shipments, pinpoint the causes of shipping damage, and prevent damage to cargo. In everything from tracking delivery speed to monitoring conditions during shipping and storing, streamlining warehousing, and more, IoT tech is changing the way supply chains are manage...

Logistics Platform Shadowfax Raises $60 Million from Flipkart & Others

9Dec By NitishNo Comments

FUNDING

Logistics Platform Shadowfax Raises $60 Million from Flipkart & Others

Bengaluru, Dec 9, 2019: Flipkart, India's leading eCommerce platform now owned by US-based Walmart has led a $60 million Series D investment round in logistics platform Shadowfax. The investment come as a part of their strategy to expand hyperlocal delivery capabilities. Eight Roads Ventures, Nokia Growth Partners, Qualcomm Ventures, Mirae Asset Naver Fund and World Bank backed IFC investment group also participate in this round. Flipkart already partnered with Shadowfax to fulfil its logistics requirements across various categories in its e-commerce business. "At Flipkart, we are focused on redefining customer experience, and hyperlocal is a key element to enable this transformation," said Kalyan Krishnamurthy, Chief Executive Officer, Flipkart. "We have seen strong syne...

11Jul By AnkitaNo Comments

FUNDING

Supply Chain Startup O4S raises $2.1 mn in funding

Supply chain solutions start-up O4S has raised USD 2.1 million (about Rs 14.3 crore) in pre-series A funding, led by Venture Highway to expand its operations in India. The three-year-old start-up has raised a total of USD 2.5 million so far, including a seed investment of USD 400,000 in 2017. The new funding will be used to strengthen its workforce, accelerate client acquisition and build technology infrastructure across industries within India, it added. O4S focuses on industries like agriculture, fast-moving consumer goods, pharmaceuticals, and personal care products. Some of its clients include PepsiCo, ITC, Honeywell, DCM Shriram, and Campus Shoes, among others. The firm's core offering Supplytics helps brands connect directly with retailers and distributors by tracking pr...

Locus raises $22 million from Falcon Edge Capital, Tiger Global

14May By PriyankaNo Comments

FUNDING

Locus raises $22 million from Falcon Edge Capital, Tiger Global

Locus, a supply chain optimisation company said it has secured $22 million in funding from Falcon Edge Capital and Tiger Global Management. The series B round funding also saw participation from existing investors, Exfinity Venture Partners, and Blume Ventures. "Locus provides autonomous supply chain optimisation, thus, minimising the dependency on human intelligence, built by an incredible team of PhDs and engineers... The funding will act as a boost to our global expansion efforts as we amplify our team size specifically in North America and continue to build our IP," Locus CEO Nishith Rastogi said. After India, the company started expanding its presence in North America and Southeast Asia in 2018. The new round of funding will help Locus penetrate deeper into new markets by...

16Apr By NitishNo Comments

FUNDING

Pando Raises Funding From Nexus Venture, Freshdesk Founder & others

Bengaluru based logistics company Pando has raised $2 Million seed funding led by Nexus Venture Partners. Kashyap Deorah at Hypertrack, Girish Mathrubootham at Freshdesk, Nishant Rao at Sirion Labs (Ex-LinkedIn India MD), and P Balaji at Vodafone (Ex-Nokia, Sony Erickson India MD) also participated in this round. Digital enabled logistics platform Pando solves a key problem of convergence, on the demand (shipper or enterprise) side of the ecosystem, which is a large, global white-space. The platform was built on a simple observation logistics is inherently networked. In India, the logistics market estimated is up to $200 billion every year. Globally, this number is close to $10 Trillion. The Pando Enterprise Suite is one of the region’s first enterprise-grade logistics management ...

22Jun By RishabhNo Comments

FUNDING

MaxWholesale Raises $1 Million Funding From IAN, Maple Capital Advisors

MaxWholesale, a mobile based B2B grocery supply chain platform, has raised close to USD 1 million (Rs 6 crore), led by Indian Angel Network (IAN) and Maple Capital Advisors. These investors include names like Ambarish Raghuvanshi, Raman Roy, Sunil Munjal, Bikky Khosla, Pankaj Karna and Abhinav Grover among others, a statement said today. Last year in July, the firm raised Rs 1 crore (around $150,000) in a seed round from Maple Capital Advisers. MaxWholesale is powering the online wholesale process for more than 90 FMCG companies, some of them being Cadbury, Dabur, Patanjali, Capital Foods, P&G and HUL. “There are more than 7 million stores in India and the packaged consumer goods market in the country is worth more than $40 billion. MaxWholesale is leveraging the power of t...

Alibaba Will Invest USD 7.3 Billion to Produce One Million Smart Vans

24May By AnkitaNo Comments

CHINA

Alibaba Will Invest USD 7.3 Billion to Produce One Million Smart Vans

Chinese e-commerce giant Alibaba delivery arm Cainiao Network has announced USD 7.3 billion investment to produce one million smart vans in partnership with domestic automakers for efficient delivery. Cainiao said a computing system, powered by the Internet, will analyse real-time orders and design the most efficient routes for its delivery fleet. The move will cut cost and reduce energy consumption. In two cities where the plan was piloted in April, vans travelled 30 per cent shorter distances and saved 20 per cent of the operational costs. Partnering automakers include SAIC Motor, Dongfeng Motor, Reach Rental. Cainiao also announced financial support of USD 7.3 billion for logistics firms and delivery drivers participating in the plan. Cainiao is Chinas logistics firm that pr...

Omnivore Partners Invested 6.5 Cr in Tech Startup For Trucks FR8

27Oct By NitishNo Comments

FUNDING

Omnivore Partners Invested 6.5 Cr in Tech Startup For Trucks FR8

Chennai-based FR8, a platform for trucking system raises Rs 6.5 Cr from Omnivore Partners Venture fund. The fund will be used for expansion, investing in technology and talent. FR8 founded in June 2016 by Jayend ran Panneerselvam and Vasanth Immanuel, already has 2,500 trucks from 400 vendors on the marketplace. It currently books around 1,000 orders worth about Rs 2.5 crore a month. The company has enterprise and F&B clients like Philips, Asian Paints, Pepperfry, Britannia, Preethi Kitchen Appliances and Paperboat. Immanuel, FR8 Founder, who worked for seven year at Asian Paints managing supply chain, said,“We offer a four-hour commitment to our clients and manually connect orders which have not gotten matched automatically. We believe that we are very capital efficient as we...

Invested $300 Million in Supply Chain, Logistics in 18 Months: Snapdeal

13May By Press Trust of IndiaNo Comments

News

Invested $300 Million in Supply Chain, Logistics in 18 Months: Snapdeal

E-commerce major Snapdeal has pumped in $300 million (about Rs 1,990 crore) over the last 18 months to strengthen its supply chain and logistics and facilitate the increase in shipment volumes. The city-based firm has seen 1.9 times increase in shipment volumes from 1.29 lakh daily shipments last year to 2.5 lakh this year. "We have seen a significant increase of 1.9 times in shipment volumes. This is on account of increase in assortment on Snapdeal from 12 million to 35 million over the year. We have also expanded our seller base which helped increase shipments," Snapdeal Chief Customer Experience Officer Jayant Sood told PTI. He added that reports by PwC and RedSeer Consulting suggest that Snapdeal's promised delivery time is the shortest across India. "The number of sell...