Spoton Logistics' revenue grows 34% in H2; aims for 40% in this fiscal

May 6, 2021: Spoton Logistics has grown close to 10 percent in revenue in FY 2020-2021 and closed the H2 with a growth of 34 percent over the previous year. 

“Banking on the recoveries in logistics volumes, the company aims to grow in excess of 40 percent in revenue this fiscal, i.e., FY 2021-22,” reads the Spoton release. 

Currently operating across 350+ locations, covering 22,000+ pin codes, Spoton Logistics made investments in building additional infrastructure & expansions in Delhi, Ambala, Chennai, Bengaluru, Kolkata, Pune, and Hyderabad. 

To optimize operations at new and existing hubs, Spoton implemented a new cloud-based Warehouse Management System (WMS) that brought down vehicle loading time by 20 percent.

On account of continued business growth, Spoton Logistics also expanded its team size by over 15% across various business functions, with Operations being the largest.  

Abhik Mitra, MD & CEO, Spoton Logistics, stated, “While 2020 was a challenging year, we take pride in emerging out of this stronger and much quicker than we had anticipated. Our tenth year in business - FY22 looks even more promising.

While the company expects the express business to grow year-on-year by 25 percent the supply chain business is expected to grow by 60-70 percent for the next few years.

Uday Sharma, COO, Spoton Logistics, said, “We are glad to have significantly grown in the past one year. We continue to expand further and capitalise on the growing business opportunities, especially from sectors such asaAuto - where we saw close to 3-fold growth this year.”

The company deployed AI-based video analytics solutions in its hubs in a bid to revolutionize performance and operational excellence. The use of this solution in supply chain management has helped evoke transparency throughout the process and has provided business intelligence so as to prevent theft, pilferage, damage, etc, thereby minimizing the risk of disruption at any point in the supply chain. 

Spoton also developed an easy-to-use customer self-service portal where customers can place and track their orders seamlessly; reducing the overall cycle time drastically. The all-in-one customer service web solution provides a single-window solution right from booking until POD (Proof of Delivery) is acknowledged. It also enables electronic execution of pick-up, e-way bill creation, and Part-B updation, besides providing customers with informative dashboards, allowing for electronic payments, and much more.