Bad news for logistics startups: Funding falls 68% in 2016
Such startups, which are the backbone of e-commerce companies, managed to raise USD 124.61 million in 2016, significantly lower than the USD 385 million they had raised in 2015. Venture capital funding drastically dried up for hyperlocal logistics startups – the backbone of e-commerce companies – last year, falling 68 percent compared to the previous year and curtailing expansion plans, according to a report in The Financial Express. These startups managed to raise USD 124.61 million in 2016, significantly lower than the USD 385 million they had raised in 2015, according to data from venture capital intelligence company Tracxn. The top 10 startups - Ecom Express, Delhivery, Rivigo, BlackBuck, Xpressbees, GoJavas, Shadowfax Holisol Logistics, LogiNext and Qikpod - got 96.36 percent of the total funds raised last year. These companies mainly operate in the B2B, B2C logistics segments with focus on infrastructure, inter-city and international logistics, courier booking and IOT solutions among others.
This year, two logistics startups have raise a total of USD 8.05 million, while another two firms have not disclosed their funding, Tracxn data showed. There are a total of 645 logistics startups in the country, of which 12 companies have cross-border operations and enable international couriers via their platform. Between 2015 and 2017, Ecom Express has emerged as the leading start-up in terms of funding at USD 149.50 million. It has raised funds from Peepul Capital, Warburg Pincus and Oliphans Capital. Ecom Express is a one-stop shop for all solutions and provides end-to-end logistics solutions for e-commerce sites. It had received USD 16.5 million in September 2014
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Such startups, which are the backbone of e-commerce companies, managed to raise USD 124.61 million in 2016, significantly lower than the USD 385 million they had raised in 2015. Venture capital funding drastically dried up for hyperlocal logistics startups – the backbone of e-commerce companies – last year, falling 68 percent compared to the previous year and curtailing expansion plans, according to a report in The Financial Express. These startups managed to raise USD 124.61 million in 2016, significantly lower than the USD 385 million they had raised in 2015, according to data from venture capital intelligence company Tracxn. The top 10 startups - Ecom Express, Delhivery, Rivigo, BlackBuck, Xpressbees, GoJavas, Shadowfax Holisol Logistics, LogiNext and Qikpod - got 96.36 percent of the total funds raised last year. These companies mainly operate in the B2B, B2C logistics segments with focus on infrastructure, inter-city and international logistics, courier booking and IOT solutions among others.
This year, two logistics startups have raise a total of USD 8.05 million, while another two firms have not disclosed their funding, Tracxn data showed. There are a total of 645 logistics startups in the country, of which 12 companies have cross-border operations and enable international couriers via their platform. Between 2015 and 2017, Ecom Express has emerged as the leading start-up in terms of funding at USD 149.50 million. It has raised funds from Peepul Capital, Warburg Pincus and Oliphans Capital. Ecom Express is a one-stop shop for all solutions and provides end-to-end logistics solutions for e-commerce sites. It had received USD 16.5 million in September 2014
Read more for HNI Stock Tips- http://bit.ly/ace_services
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