India’s ‘Uber for trucks’ eyes million drivers as it nears unicorn status

This was the second tranche of funding from Accel Partners U.S., B-Capital, and Goldman Sachs. Sands Capital and International Finance Corp. have …

BANGALORE/NEW DELHI — Bangalore-based startup Zinka Logistics Solutions aims to triple the size of its truck-hailing platform BlackBuck in less than two years following a recent round of funding that has brought the company to the brink of unicorn status.

BlackBuck connects shippers with trucks, much like Uber connects passengers with taxis, helping to streamline India’s notoriously inefficient logistics industry. The platform has grown to cover 300,000 trucks in just three years, and the company aims to increase that number to 1 million by 2021.

To that end, Zinka raised $150 million in a Series D fundraising round in April, taking its valuation to over $900 million. This was the second tranche of funding from Accel Partners U.S., B-Capital, and Goldman Sachs. Sands Capital and International Finance Corp. have also invested in the company.

If Zinka’s valuation surpasses the $1 billion mark, it will become India’s 17th unicorn.

Founded in 2015 by two engineers and a business graduate with extensive experience in the supply chain business for corporates, Zinka is attempting to change the way logistics is carried out in the largest economy in South Asia through deep technology.

Shippers can book a truck with a click. BlackBuck matches the demand with available trucks and drivers in the area. The drivers then go to the pickup point, fill out the required documents and set off for the destination. Drivers are given 72 hours to complete the delivery and if they manage that on or before time, they receive incentives from BlackBuck.

Drivers are banned from night-driving and are penalized in case of theft. They also receive alerts about potential robbery zones.

Dalbir Singh has enjoyed a boom in his transport business based in Bahadurgarh near New Delhi over the last three years, thanks in large part to BlackBuck.

The number of trucks he owns has more than quadrupled from 30 to 132. The efficiency of his drivers and the utilization of his fleet have improved, helping the company’s bottom line. “Earlier, trucks would travel 5,000-5,500 km per month. The average is now up around 7,000 km. It sometimes goes up to 9,000 km,” Singh said.

The breakthrough can partly be attributed to the government’s push to improve road infrastructure and the newly introduced Goods and Services Tax which enabled a smoother flow of goods between states by eliminating check-posts at borders. But the biggest contributor to the positive changes in his business is BlackBuck, he said.

Zinka Logistics Solutions co-founder and CEO Rajesh Yabaji sees more potential in the Indian market.

“We have removed intermediaries with direct contracts with truck owners, making the net earnings of owners increased,” said Zinka co-founder and CEO Rajesh Yabaji. He added that while truck owners’ income has improved 30%, the logistics cost of shippers has decreased.

Intermediaries in India include trucking agents who connect truck owners and clients, freight forwarders, loaders and unloaders. Shippers need to pay for each of them separately.

BlackBuck’s operations originate from 400 industrial hubs and are spread across at least 2,000 locations. The platform charges a commission of 10-15% on every deal between shippers and truck operators.

Around 70% of Blackbuck’s more than 10,000 clients are corporations, and the rest are small and midsize enterprises. The clients include some of India’s biggest names, such as Reliance Industries, Tata Steel and Hindustan Unilever.

BlackBuck uses GPS-based freight management systems that can also provide truck mapping, health checks for vehicles, the verification of shipping documents, and professional account management, among other things.

According to state-owned India Brand Equity Foundation, India’s highly fragmented and disorganized logistics sector has been hampered by underdeveloped material handling infrastructure, bureaucracy, a lack of free movement for goods and minimal integrated IT infrastructure.

PwC Project and Infrastructure Leader Manish Agarwal reckons that improving efficiency in the logistics sector through technology and hard infrastructure can significantly lighten the burden on the economy. “The aim is to bring down logistics costs to 10-12% of gross domestic product from 14% now.”

According to CARE Ratings, the logistics cost in BRIC countries — Brazil, Russia, India and China — as a percentage of GDP is 11%. In developed countries, the percentage is 8-9%, in the U.S. 9.5% and in Germany 8%. Tech startups in logistics, warehousing and fintech are seizing the opportunity to reduce the inefficiencies in the sector.

Yabaji who learned the ropes of supply chain at ITC, one of India’s largest consumer goods companies, claims the company is already profitable at an operational level and hopes to draw a million trucks to BlackBuck in less than three years. “We still have not solved the problem,” said Yabaji, suggesting the potential is still huge.

One potential competitor is a Gurugram-based startup Rivigo, which has just raised a $65 million Series E funding from SAIF Partners and Warburg Pincus, and plans to widen its network coverage. The other is a unicorn Delhivery, expanding its services to express parcel transportation and warehousing.

Yabaji, however, said his company had no competition, claiming that BlackBuck was the sole marketplace of its kind that directly connected shippers to truck operators. Indeed, many investors are counting on the four-year-old company’s growth potential.

IBEF estimates that the logistics industry in India will reach $215 billion in 2020, growing 10.5% annually over five years. This rate exceeds that of the Indian economy as a whole.

To further smooth operations for truck owners and build an ecosystem around trucking, the company provides a credit card that drivers and truck owners can use for services such as tire repair, fuel, toll payments and insurance. It now wants to venture into vehicle financing through tie-ups with various commercial banks and non-banking finance companies.

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Rise of in Digital Freight Management Market with Prominent Players Flexport, Cainiao Networks …

Key players Flexport, Cainiao Networks, Best Logistics, C3 IoT, Go-Jek, Infor, Huochebang, Yunmanman, Clearpath Robotics, GreyOrange Robotics, …

Report Consultant proclaims the addition of new analytical data titled a global Digital Freight Management market. Key players Flexport, Cainiao Networks, Best Logistics, C3 IoT, Go-Jek, Infor, Huochebang, Yunmanman, Clearpath Robotics, GreyOrange Robotics, Flexe, Descartes, Oracle, Werner Enterprises, MercuryGate, SAP, Accenture, JDA Software, Ceva Logistics, UPS, DB Schenker are elaborated in this report.

Digital Freight Management bridges the gap between shipper and carrier. It is the perfect solution for all transportation businesses. Through process automation, it improves the company’s communications and productivity and reduces data entry. This will help in eliminating errors.

Request for sample report@ https://www.reportconsultant.com/request_sample.php?id=29151

Digital Freight Management Market to worth +17 billion USD with a CAGR of +10% over the forecast period 2019 to 2025.

It has been summarized with a detailed description of the global market. The market has been analyzed from different business perspectives. Primary and secondary research techniques have been used by researchers to get proper insights into businesses. Demanding trends and technological advancements have been presented in the research report.

Digital Freight Management Market Segments:

Market Segmentation by Services: System integration and deployment, Consulting, and Support and maintenance

Market Segmentation by End-users: Forwarders, Brokers, Third-party Logistics, Shippers, and Carriers

Market Segmentation by Solution: Planning, Execution and operations, and control and monitoring

Market Segmentation by Regions: North America, Latin America, Asia-Pacific, Africa, and Europe. The prime importance is given to top key players operating in the global region.

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A major chunk of Digital Freight Management Market research report is talking about some significant approaches for enhancing the performance of the companies. Marketing strategies and different channels have been listed here. Collectively, it gives more focus on changing rules, regulations, and policies of governments. It will help to both established and new startups of the market.

Noteworthy features of Digital Freight Management Market research report:

  • A descriptive view of the business framework
  • Offers review from global customers
  • Different approaches for exploring the market opportunities
  • Holistic snapshot of the global competitive landscape
  • Market segmentation across the globe
  • Fragmentation of global Digital Freight Management market over the global regions
  • Detailed analysis of global key players, vendors, and traders
  • Informative data for strategic planning of businesses
  • Risk evaluation method
  • Prerequisite of global Digital Freight Management market
  • Forecast the futuristic developments and upcoming competitors

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Drone Transportation and Logistics Market by Product Type, Size,Growth,Application and …

The Drone Transportation and Logistics Market report 2018-2022 deeply analyses significant features in major developing markets. The analysis …

Drone

The Drone Transportation and Logistics Market report 2018-2022 deeply analyses significant features in major developing markets. The analysis includes market size, latest trends, drivers, threats, opportunities, as well as key market segments. The study reveals market dynamics in several geographic segments along with Drone Transportation and Logistics market analysis for the current market environment and future scenario over the forecast period. The report also contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Industry experts project Drone Transportation and Logistics market to grow at a CAGR of XX% during the period 2018-2022. It also talks about the market size of different segments and their growth aspects.

Request a sample copy of the Drone Transportation and Logistics Market report @ https://www.360researchreports.com/enquiry/request-sample/12842025

About drone transportation and logistics

Drone transportation and logistics are services or solutions used to manage transportation and warehousing of goods in a supply chain from the point of source to the destination. Drones are efficient in mitigating the challenges of inefficient road or railway infrastructure.

The analysts forecast the Global Drone Transportation and Logistics Market to grow at a CAGR of 14.43% during the period 2018-2022.

Market driver

  • High adoption of drones in healthcare and relief logistics
  • For a full, detailed list, view our report

Market challenge

  • High concern regarding drones hacking
  • For a full, detailed list, view our report

Market trend

  • Advances in computing and communication systems
  • For a full, detailed list, view our report

Enquire before purchasing the Drone Transportation and Logistics Market report

@https://www.360researchreports.com/enquiry/pre-order-enquiry/12842025

Key Players

  • Deutsche Post DHL Group
  • Drone Delivery Canada
  • Matternet
  • United Parcel

The Drone Transportation and Logistics Market report also covers all the regions and countries of the world, which shows a regional development status. Regional Segmentation:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
  • South America (Brazil, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, South Africa, etc.)

The objective of this Drone Transportation and Logistics market research report is: –

  • To provide actionable intelligence alongside the market size of various segments.
  • To detail major factors influencing the market (drivers, opportunities, industry-specific challenges, and other critical issues).
  • To determine the geographic breakdown of the market in terms of detailed analysis and impact.
  • To analyze business dimensions with an eye on individual growth trends and contribution of upcoming market segments.
  • To track the competitive landscape of the market.

Purchase Drone Transportation and Logistics Market report (Price 2500 USD for a single-user license)

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Table of Contents Drone Transportation and Logistics Market

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market characteristics

• Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market size and forecast

PART 06: FIVE FORCES ANALYSIS

• Threat of new entrants

• Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

• Segmentation by application

• Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

• Regional comparison

• EMEA – Market size and forecast

• APAC – Market size and forecast

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

• Market drivers

• Market challenges

PART 12: MARKET TRENDS

• Development of shape memory alloys with high fatigue life

• Development of tires with shape memory alloy

PART 13: VENDOR LANDSCAPE

• Overview

• Competitive landscape

PART 14: VENDOR ANALYSIS

• Vendor classification

• Market positioning of vendors

In the next part of the Drone Transportation and Logistics market research report, development policies and plans are discussed. This report also states growing domain, production and revenue by regions. The Drone Transportation and Logistics Market forecast to 2022 Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types, and Applications is also provided.

About 360 Research Report

360 Research Report is the credible source for gaining the market reports that will provide you with the lead your business needs. At 360researchreports.com, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision-makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.

Contact Us:

Name: Mr. Ajay More

Email: [email protected]

Organization: 360 Research Report

Phone: +1 4242530807 /+44 203 239 8187

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Coal Logistics Market Demand & Future Scope Including Top Players,Size,Growth And Forecast to …

The Coal Logistics Market report 2018-2022 deeply analyses significant features in major developing markets. The analysis includes market size, …

Coal

The Coal Logistics Market report 2018-2022 deeply analyses significant features in major developing markets. The analysis includes market size, latest trends, drivers, threats, opportunities, as well as key market segments. The study reveals market dynamics in several geographic segments along with Coal Logistics market analysis for the current market environment and future scenario over the forecast period. The report also contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Industry experts project Coal Logistics market to grow at a CAGR of XX% during the period 2018-2022. It also talks about the market size of different segments and their growth aspects.

Request a sample copy of the Coal Logistics Market report @ https://www.360researchreports.com/enquiry/request-sample/12841931

About Coal Logistics

Coal is used in various industries such as electricity and steel as a source of energy. Coal logistics include transportation, storage, and other value-added services while moving coal from mines to end-user industries.

The analysts forecast the coal logistics market to grow at a CAGR of 3.79% during the period.

Market driver

  • Increasing demand for coal in developing regions
  • For a full, detailed list, view our report

Market challenge

  • High cost of coal transportation
  • For a full, detailed list, view our report

Market trend

  • Green logistics for coal transportation
  • For a full, detailed list, view our report

Enquire before purchasing the Coal Logistics Market report

@https://www.360researchreports.com/enquiry/pre-order-enquiry/12841931

Key Players

  • CEVA Logistics
  • C.H. Robinson
  • DB Schenker
  • Deutsche Post DHL Group
  • Kuehne + Nagel

The Coal Logistics Market report also covers all the regions and countries of the world, which shows a regional development status. Regional Segmentation:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
  • South America (Brazil, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, South Africa, etc.)

The objective of this Coal Logistics market research report is: –

  • To provide actionable intelligence alongside the market size of various segments.
  • To detail major factors influencing the market (drivers, opportunities, industry-specific challenges, and other critical issues).
  • To determine the geographic breakdown of the market in terms of detailed analysis and impact.
  • To analyze business dimensions with an eye on individual growth trends and contribution of upcoming market segments.
  • To track the competitive landscape of the market.

Purchase Coal Logistics Market report (Price 2500 USD for a single-user license)

@https://www.360researchreports.com/purchase/12841931

Table of Contents Coal Logistics Market

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market characteristics

• Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market size and forecast

PART 06: FIVE FORCES ANALYSIS

• Threat of new entrants

• Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

• Segmentation by application

• Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

• Regional comparison

• EMEA – Market size and forecast

• APAC – Market size and forecast

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

• Market drivers

• Market challenges

PART 12: MARKET TRENDS

• Development of shape memory alloys with high fatigue life

• Development of tires with shape memory alloy

PART 13: VENDOR LANDSCAPE

• Overview

• Competitive landscape

PART 14: VENDOR ANALYSIS

• Vendor classification

• Market positioning of vendors

In the next part of the Coal Logistics market research report, development policies and plans are discussed. This report also states growing domain, production and revenue by regions. The Coal Logistics Market forecast to 2022 Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types, and Applications is also provided.

About 360 Research Report

360 Research Report is the credible source for gaining the market reports that will provide you with the lead your business needs. At 360researchreports.com, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision-makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.

Contact Us:

Name: Mr. Ajay More

Email: [email protected]

Organization: 360 Research Report

Phone: +1 4242530807 /+44 203 239 8187

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Anvyl Raises Another $9.3M to Make the Supply Chain Manageable

It was our Series A – $9.3M in a led by Redpoint Ventures, with participation from existing investor First Round Capital and Company Ventures.

Anvyl, the production hub where brands manage their supply chains, was created by a founder who has seen the supply chain from multiple perspectives – the United States Army, Apple, and DTC shaving brand, Harry’s. While one may grapple to find similarities among these entities, one thing is for certain, there were holes, gaps, and miscommunication among in each of these chains. Anvyl’s platform acts as a single centralized location to bring visibility, scalability, and efficiency to a brand’s supply chain throughout the process from procurement to delivery. The platform features a pre-vetted list of cost-effective suppliers (only 1% of suppliers pass Anvyl’s strict audit process that looks for eco-friendliness, social responsibility, and more), purchase order management that allows users to store a shared record of change history, and a document management system to manage all the paperwork.

AlleyWatch sat down with founder Rodney Manzo to learn more about why Anvyl is the supply chain solution preferred by brands that include S’well, LOLA, and hims and to discuss the company’s recent funding round, which brings the total funding raised to $11.8M across three rounds.

Who were your investors and how much did you raise?

It was our Series A – $9.3M in a led by Redpoint Ventures, with participation from existing investor First Round Capital and Company Ventures.

Tell us about the product or service that Anvyl offers.

Anvyl is a production hub where brands manage suppliers, oversee production, and track in-depth product data from procurement to delivery of inbound goods. It saves hours a day of manual work, reduces supply chain costs, and provides actionable data on supplier activity throughout sourcing, production, and the product lifecycle.

What inspired you to start Anvyl?

During my time in supply chain at the United States Army, Apple, and most recently at Harry’s, I have a deep appreciation for the gaps and opportunities in the market because I have lived through them. Previously, I had to manage suppliers relying on middle of the night conference calls, triangulating timelines across email, WeChat, and notes, and to flying across the globe to repeatedly deal with crises. I felt the pain of missed deadlines, quality issues, manual processes and the lack of data — all of which I am now determined to solve using better software. This is what brought me to start Anvyl – supply chain leaders need a single source of truth to bring visibility, scalability, and efficiencies across their day to day and global supply chain.

How is Anvyl different?

Anvyl provides a more modern, lightweight solution for an industry dominated by heavy legacy solutions, Anvyl’s main competitors share a few common comparisons.

Unlike decades-old legacy solutions that operate most efficiently as bundled, enterprise software, Anvyl offers the most impactful set of features without the complexity of solutions like Infor, SAP, or Netsuite. These competitors often require or strongly suggest the use of core CRM and ERP products and take months of expensive implementations to properly configure and deploy.

While some companies may benefit from a monolithic solution, most modern brands need more flexibility to invest in supply chain technology at a pace that makes sense for them. Digging through these complex product offerings and pricing tiers is exhausting—Anvyl offers respite from that, providing visibility in a clearly defined stage of the supply chain (from sourcing to goods received) and requiring nothing but a desire to keep supply chain operations agile and fast-moving.

While Anvyl’s competitors are upselling their product suites and locking in customers to bloated solution sets, Anvyl is building out integrations that let customers decide what their supply chain technology stack should look like.

What market does Anvyl target and how big is it?

The Anvyl team understands that an effectively managed supply chain is the competitive advantage of the future, and our success in capitalizing on a $12.2 billion supply chain software industry proves this. With a 13.9% year-over-year increase, our future has never been brighter.

Who do you consider to be your main competitors?

Our main competitors are spreadsheets and the more traditional supply chain software providers out there (i.e. NetSuite, SAP, Infor).

What’s your business model?

We are a SaaS – subscription fee for access to the platform where you can handle suppliers, POs, SKUs and logistics in one easy to use solution. If you need to source suppliers for your manufacturing, our carefully vetted suppliers admitted to our network pay a small commission fee for transactions.

What was the funding process like?

The funding process was focused around finding strategic investors that have had a track record of success in marketplaces and B2B software. After working with Redpoint over a few month span, we aligned on the vision of Anvyl and decided to move forward as a team. Ryan and Medha have been amazing investors and partners to Anvyl from day one. We also brought on the Company team who we have had the opportunity to get to know over the past year, as well as all of our current investors from our seed round. We have been very fortunate to have a world-class investor group supporting us from day one and look forward to working with them going forward.

What are the biggest challenges that you faced while raising capital?

Fundraising is always difficult and challenging no matter who you are. This stems from finding the right team to make sure the deal checked off all the boxes. We were able to get to a great outcome with a great partner but it took time across the entire Anvyl team for months.

What factors about your business led your investors to write the check?

As challenger brands and e-commerce companies continue to proliferate, the need for better software and the desire to adopt the latest technology continues to grow rapidly.

With a solution for any supply chain team ready to upgrade its systems, our investors saw that Anvyl is here to help.

As challenger brands and e-commerce companies continue to proliferate, the need for better software and the desire to adopt the latest technology continues to grow rapidly.

With a solution for any supply chain team ready to upgrade its systems, our investors saw that Anvyl is here to help.

The market is always changing and brands need to have a tech-forward solution to their supply chain to stay at the forefront of industry trends. After hearing a number of successful client testimonials, our investors saw a need for a solution like Anvyl to exist.

What are the milestones you plan to achieve in the next six months?

With our funding, we will be hiring world-class talent across engineering, marketing, as well as expanding our consumer goods and DTC base. We have plans to partner with other complementary providers in the logistics place to add integrations with our platform. Our goal is for Anvyl to be the first and last tool a supply chain leader looks at every day.

What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?

There are a few pieces of advice that I received from day one. The first is that you have to know your customers. This can be done with interviews or simple prototypes that do not take funding. The next is to build as light as you can until you have revenue and/or funding to grow your business.

Where do you see the company going now over the near term?

Our main objective is to create a production hub where brands manage suppliers, oversee production, and track in-depth product data from procurement to delivery of inbound goods. We are aggressively focused on digitizing production and logistics for brands to save them time, money, and gain greater visibility in their supply chain.

What’s your favorite restaurant in the city?

The food scene in NYC is unbelievable. Picking just one is extremely difficult. Bohemian is a place that I have always had a great experience. However, I love to try to find the best hamburger in the city and was excited when Au Cheval opened up. I no longer have to travel to Chicago to get one.

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