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Categories: ALL CATEGORIESHOT NEWSSTARTUPINVESTMENTBUSINESSINTERNATIONALLOGISTICSPOLICYTRENDINGINNOVATION

Issue #217

23 Apr - 10 May 2019

HOT NEWS

Warehousing may pull in $10 billion in next 4-5 years

Riding on structured reforms including the infrastructure status and the implementation of Goods & Services Act, Indian warehousing and logistics sector is estimated to attract nearly $10 billion investments over the next 4-5 years. With addition of around 200 million sq ft warehousing space across India, total supply is expected to nearly double by 2022, estimated JLL India.

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INVESTMENT

TVS Motor invests $3.85 Million in TagBox

TVS Motor Company has invested $3.85 Million in Bengaluru based-TagBox, a supply chain industrial internet of things (IIoT) and machine learning platform company as part of its Series A funding round. The round was entirely led by TVS Motor Company and its Singapore based Subsidiary, TVS Motor (Singapore) Pte.

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BUSINESS

About one-third of the revenues generated by drug companies is spent on transportation

Snowman Logistics, an integrated temperature-controlled logistics services provided has been increasing its pan-India presence with strategically located temperature controlled warehouses, including key markets of Mumbai, Chennai, Bengaluru and Kolkata.

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STARTUP

Locus Raises $20 Mn Funding From Falcon Edge

Logistics optimisation startup Locus has secured $20 Mn in a funding round led by New York-based hedge fund Falcon Edge, VC firm Tiger Global and existing investors Exfinity Technology Fund- Series II and Blume Ventures India Fund II, in two tranches in February and April. Although, it’s not clear whether this investment is part of the bigger $20 Mn funding round or not.

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INNOVATION

How tech is helping truckers say goodbye to hardships

Trucking in India has long been a dangerous and thankless job. Most drivers have to deal with long periods away from home, sleepless nights, and harassment by police and other authorities. They have high rates of alcohol and drug abuse, and sexually transmitted diseases. So, while India’s growing economy needs around 10-15 lakh new drivers every year, very few young men want to take up truck driving.

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