Kushal Nahata, who bootstrapped fareye along with two of his batch mates, talks about transforming logistics and supply chain industry using digital tools and software as a service and address the gaps in the industry with innovative customer first solutions using automation and machine learning.
Kushal Nahata, an electronic and telecommunication graduate from Kalinga Institute of Industrial Technology, Bhubaneswar in Orissa, founded FarEye along with Gautam Kumar and Gaurav Srivastava, two of his engineering batch mates. When I met him at his office in Noida, a suburban city of Delhi just across the state line in Uttar Pradesh, on a Saturday morning in October, he told me an anecdote. He said during his school and college days, he used to be worried and anxious about the arrival of his examination admit card by post. And he would have no means to find the status of its delivery. "Even today this seems to the experience for students around the country. Unless and until you get that card, you don't know what to do," he said.
That was the thought that triggered Nahata and his friends to start FarEye in 2013. They were creating a technology solution to an urgent problem in the logistics sector for the rapidly growing eCommerce industry. While the West had Amazon making waves, the East saw Alibaba making huge investment in eCommerce market places and in eCommerce logistics infrastructure. At that time, in India, a lot of companies in eCommerce began to raise funds and offer goods for sale online at huge discounts. In the early days of eCommerce, buying a product on online marketplaces was an experience full of uncertainty. There were teething problems with all Indian eCommerce companies particularly in the last mile delivery of goods purchased online. The whole process was cumbersome, inefficient and meant loss of time and money for the company.
This story is from the November - December 2018 edition of Indian Transport & Logistics News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November - December 2018 edition of Indian Transport & Logistics News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Connecting India With Multi-Modal Logistics
Today, logistics cost in India accounts for 13-17 percent of the Gross Domestic Product (GDP) which is nearly double (6-9 percent) the logistics cost to GDP ratio in developed countries such as the US, Hong Kong and France. Much of these escalating costs are due to the absence of efficient intermodal and multimodal transport systems. But with the government giving infrastructure status to the logistics sector, development of multimodal transport networks and initiatives to set up industrial corridors and logistics parks, a massive transformation of the country’s logistics landscape is underway.
By 2020 Our Target Will Be 50 Percent Revenue From Exports
Since 1996 Gandhi Automations has been a leader in manufacturing as well as exporting, distributing and installing entrance automation systems and loading bay equipment that are problem free and easy to operate. The company specialises in designing, manufacturing and installing customised products conforming to the highest safety standards complemented with reliability and energy efficiency. Samir Gandhi, Managing Director and Chief Executive Officer, Gandhi Automations, speaks to Indian Transport and Logistics News, about manufacturing, exports, market share and potential growth in this sector over the coming years.
Why Is Everyone Afraid To Share Data? GPLS Finds
At the third Global Pharma Logistics Summit 2019 organised by Indian Transport & Logistics News, panelists discussed technological advancements, creation of data, the existence of trust deficit in sharing data, need for educating and building a skilled workforce for better handling of pharma cargo.
Toxic Slowdown In Auto Sector, EVs To Disrupt The Market
When festive season sales failed to cheer the auto industry, logistics providers have taken it as an opportunity to utilise this period to create value by streamlining their operations. With the Indian government's ambitious plans of shifting the focus to electric vehicles by 2023, logistics providers are upgrading their capabilities to handle the complex auto parts and developing technology to track the entire supply chain journey.
Looking Beyond IMO's Global Sulphur Cap
The IMO's move to introduce a 'global sulphur cap' presents a significant regulatory move aimed at reducing greenhouse emissions and making shipping more environmentally responsible and friendly. We probe how shipping lines are preparing for the big move and the alternatives like LNG, hydrogen, and LEO, a blend of lignin and ethanol.
Reinventing Global Trade Using Blockchain
It is claimed that blockchain could boost global trade by $1 Trillion in 10 years. Discover how Port of Rotterdam is embracing this technology to strengthen its smart logistics and maritime hub.
Machine Protection Doors: Protecting People And Enhancing Productivity
Machine protection doors are found in many areas of industrial production - they are required to meet stringent safety requirements.
Freightbro Elite- Deliver An Exceptional Freight Forwarding Experience
Freight forwarding has largely remained an industry dictated by inefficiencies due to traditional mandates of conducting business.
Driving Into A World Of Opportunities India Auto Show
India Auto Show, organised by NESCO Exhibitions, will be held from October 3-5 at Hall 8 of Bombay Exhibition Center in Mumbai.
Digitising Freight Forwarding For A Seamless Supply Chain
FreightBro, a digital platform for freight forwarders and Journal of Commerce (JOC.com), a portal for news about container shipping & logistics have organised the latter's first ‘India Logistics Technology Summit’ on August 22 in Navi Mumbai.