Page 38 - ITLN May-June 2021 issue for Magzter

News

Spoton Logistics' revenue grows 34% in H2; aims

for 40% in this fiscal

poton Logistics has grown close to
S10 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 a new cloud-based warehouse percent across various business
in building additional infrastructure & management system (WMS) that functions.
expansions in Delhi, Ambala, Chennai, brought down vehicle loading time by Abhik Mitra, MD & CEO, Spoton
Bengaluru, Kolkata, Pune, and 20 percent. Logistics, said, “While 2020 was a
Hyderabad. On account of continued business challenging year, we take pride in
To optimize operations at new and growth, Spoton Logistics also emerging out of this stronger and much
existing hubs, Spoton implemented expanded its team size by over 15 quicker than we had anticipated.

Hyperlocal delivery startup Dunzo

wants to raise $150 million in 2021 Zipaworld joins hands
with Oman’s ASYAD
group to venture into
Middle East

ipaworld, has joined hands
Zwith ASYAD Group, which is the
integrated logistics service provider
across Oman and GCC countries, in
order to venture into the Middle East
and GCC market.
“After the launch of the digital
ocean freight module and thereafter
the strategic stake in pioneers of
domestic logistics Radiant X-Ways,
this move comes as a prospective
way forward into the global logistics
front,” reads the release.
unzo Digital, a hyperlocal delivery from groceries to parcels in traffic- ASYAD is the centrepiece of
Dstartup backed by Google and clogged cities. The Bengaluru firm Oman’s ambition to reclaim the
operating in eight Indian cities, seeks has so far raised about $140 million country’s 2,000-year-old regional
to get $150 million in funding and to date and aims to tap another trade leadership and establish it as
aims to double the amount of capital $150 million. one of the world’s top ten logistics
it has raised so far to extend its reach Dunzo was founded in 2014 and hubs by 2040.
across the country and become a $1 started out as a WhatsApp service, Zipaworld and ASYAD have come
billion revenue business in the next before becoming an app where forward for a pilot project with
two years. customers typically pay about $6 per ASYAD Express for express, courier,
The app, which connects low-cost order. and door-to-door shipments
couriers to thousands of individual The company may expand to two catering to trade lanes between
merchants, has lured Indians with more cities in 2021 and 20 urban areas India and GCC.
its rapid delivery of items ranging by mid-2023.

36 May - June 2021 www.itln.in