It is rightly said, work hard in silence and success shall make noise. LogiNext has been identified by NASSCOM as one of the top startups driving innovation in the Indian e-commerce technology enabler ecosystem for 2014–15 alongside huge players like Inmobi, Delhivery, Paytm, etc.
Highlights of the report
LogiNext — Recognized as a key e-commerce technology enabler by NASSCOM
Rise of E-commerce
The e-commerce industry in India is poised to become a huge industry as per demographics of India (60% of the population is below 35 of age). The emergence of unicorns like Flipkart, Snapdeal & the entry of Amazon in the Indian e-commerce space validates the claim.
The rise in internet penetration in India has led to huge number of e-commerce transactions per day. To capture the mind set as well as market share, companies are pushing hard to improve multiple touch points with customers such as building good website/app interface’s, showing diverse product catalog and executing on time deliveries. Delay in shipments is still one of the biggest problems faced by this industry.
Logistics in India
Logistics has undoubtedly been the backbone of the E-commerce industry across the world. In India, the logistics sector is still an unorganized industry. One of major challenges faced by logistics companies is visibility of shipments. Last mile deliveries account for 30% of all logistics costs & there is still no effective resource utilization by logistics service providers. Hence logistics companies are now relying on tech companies to provide the solutions, which can actually improve the overall efficiency and support the entire ecosystem.
Being recognized as one of the startups driving innovation in the e-commerce ecosystem gives LogiNext immense pride and motivation to take logistics to next level. LogiNext as a startup aims to become the leading technology enabler for e-commerce logistics. LogiNext would like to thank NASSCOM for this recognition.