Across the globe there are thousands of startups in the logistics technology space. From transport and warehouse software to trackable food delivery systems, logistics startups are revolutionizing the global supply in 2020.
Logistics technology is one of the most competitive realms for investors, with overall funding of in the space of USD 60 billion in recent years. The most interesting aspect is that more than half of the funding had been raised in the last 3 years (2018-2020).
Here is a list of the Top 13 Logistics Startups making an impact in 2020:
Founded in 2013 in San Francisco, USA, DoorDash has expanded to more than 4,000 cities and offers a selection of 340,000 stores across Canada and The United States. Currently, the net worth of the company is USD 2.10 billion. As of February 2020, the company declared to go public.
Founded in 2014, Swiggy is one of the largest and most efficient online food ordering and delivery platforms in India. The firm is based out of Bengaluru and is operating in more than 300 Indian cities. Swiggy is mainly steered by the focus on logistics and locking in key resources. The net worth of the company is USD 1.58 billion.
Deliveroo is an e-food-delivery firm founded by Will Shu and Greg Orlowski in 2013. Based in London, England, Deliveroo serves more than 13 nations, the UK, Netherlands, Spain, UAE, Kuwait, Italy, and more. Deliveroo Editions, a subsidiary operation of the firm, concentrates on cultivating a network of ghost kitchens. The orders on Deliveroo are placed via the app or its website. As of 2020, interestingly, the firm has not yet made a profit.
Rappi is an on-demand delivery service for multi-vertical products headquartered in Colombia, serving 9 nations. Founded in 2015, the firm works via a smartphone app, the app-enabled users to order groceries, drugstore medications, food, send money to someone, and transport personal belongings. As of February 2020, the net worth of the startup is USD 1.47 billion.
Based in San Francisco, CA, Flexport is a private non-vessel operating common carrier and customs brokerage company. It was the very first international freight forwarder firm built around an online dashboard. The company was founded in 2013 and as of 2020, the net worth of Flexport is USD 1.30 billion. The key mission of the firm is to stabilize the UIC in global trade and bring the world free trade through smart technology.
Nuro is an American company founded by Jiajun Zhu and Dave Ferguson in 2016. The firm offers electric self-driving local commerce delivery vehicles. Based out of Menlo Park, California, the firm provides fully autonomous, on-road vehicles manufactured for quick, safe, and affordable transport of goods. As of today, the net worth of Nuro is USD 1.03 billion. It has around 200+ employees.
Founded in 2015 in Barcelona, Spain, Glovo is an online on-demand hyperlocal delivery platform for consumers and businesses. The net worth of Glovo is USD 512 million. The firm aims to be a multi-category lifestyle mobile app with food delivery being the most popular offering. Other services offered by this delivery platform are groceries, pharma, and courier. Glovo is operative in more than 20 countries globally, as of July 2019.
Founded by Shing Chow in December 2013, Lalamove is a logistics firm that empowers on-demand and same-day delivery services by connecting users with delivery drivers on its web and mobile application. This company is based out of Hong Kong and serves 21 cities. The company was renamed Lalamove in 2014, earlier its name was Easyvan. As of today, the net worth of the company is USD 462 million.
GogoVab is a Hong Kong-based mobile application for booking a delivery van. It is an on-demand ride-sharing service, which concentrates on the carrier of freight and goods in urban areas. In the year 2013, Steven Lam Hoi-yuen, Nick Tang Kuen-wai, and Reeve Kwan Chun-man co-founded this logistics service. As of today, the net worth of GogoVan is USD 407 million. The headquarters of the firm are located in Hongkong.
Founded in Chaoyang, China 2015, Geek+ specializes in smart logistics. Geek+ is the largest-ever funding firm for a logistics robotics startup. It deals with Warehouse automation robots. As of today, the net worth of Geek+ is approximately USD 382 million.
Founded in 2013, Loggi is a company offering a shipping logistics platform. This Brazil-based shipping logistics platform was founded by Arthur Derbet, Eduardo Wexler, and Fabien Mendez. It has around 250-500 active employees. Loggi is a subsidiary of Worldsense Holdings, Ltd. The firm utilizes technology to reinvent logistics with cost-efficient, credible and fast networks across e-commerce, wholesale food delivery, and courier services. As of today, the net worth of Loggi is USD 295 million.
Founded in 2015, blackbuck is an India-based online portal for freight transport booking. The firm marks the onset of a new path in trucking. Since 2015, this form has been a forerunner in procuring offline operations of trucking online. The common services include matching a shipper with a trucker, transforming the infrastructure around trucking to simplify payments, insurance, and financial services. It is also a subject of a case study for Harvard Business School. The headquarters are located in Bengaluru, India. As of today, the total net worth of Blackbuck is USD 291 million.
Founded in 2014, Rivigo is an Indian logistic startup offering the quickest and safest cargo service with the largest serviceability in India. The company utilizes a global-first driver relay model and an efficient interplay of tech, data, and culture. The key specializations of Rivigo are cargo service, part truckload, third-party logistics, freight, to name a few. The total net worth of Rivigo is USD 258 million.