Smartr Logistics: Express Delivery Solution for All Logistical Requirements

Smartr Logistics (a trademark of Smart Express Pvt. Ltd.) is an express logistics startup that provides a one-stop solution for all logistical requirements. The company aims to provide best-in-class logistical services customized to the needs of the customers. Smartr Logistics is a Mumbai-based startup that provides express inter-state delivery. The company wants to break the prevalent myth in the logistics industry that “Quality service comes at a high price”.

Industry Overview and Market Dynamics

Currently, the Indian logistics sector is valued at USD 250-300 billion. The industry is estimated to grow anywhere between 12-15% CAGR to reach USD 380-400Bn+ by 2025. With the upsurge of technological advancements, logistics startups are also growing their business manifold. As the market is growing, from logistics to e-commerce, the competition has become tough to deliver the customers' expectations. Statistics from various sources show that over 60% of customers expect low cost yet fastest delivery. Fastest delivery has become the logistics trends these days.

Smartr Logistics - Company Highlights

• Startup Name: Smartr Logistics
• Headquarters: Mumbai, Maharashtra
• Industry: Transport & Logistics
• Founder: Yogesh Dhingra
• Founded: 2021
• Total Funding Raised: INR 100 crores
• Website: smartr.in

Founders and Team Expertise

Promoted by Mr. Yogesh Dhingra, ex-CFO, COO & CSO of Blue Dart, Smartr Logistics was established by passionate business veterans with a combined experience of over 200 years in the logistics industry. Yogesh Dhingra is the founder of Smartr Logistics and Arun Nangpal, M.D. Bassapa, Nikhil Kumar Saxena, Utkarsh Sharma are the co-founders. Considering their expertise in the industry, the Smartr Logistics team believes that the start-up has the capacity to reimagine the Indian logistics industry thriving on contemporary technology providing unique solutions in the post-pandemic era.

The leadership team includes Arun Nangpal, the Chief Human Resource Officer and Chief Customer Experience Officer, who brings her experience of over 30 years of expertise to the team. M.D. Bassapa, the Chief Financial Officer, Head of Procurement & Real Estate, is a valuable industry veteran with over three decades of experience. Nikhil Saxena, the Chief Operating Officer and Head of Security, is an esteemed industry veteran with 35 years of experience.

Service Offerings and Operations

Smartr logistics aims to be a leading state-of-the-art Indian logistics enterprise venturing into the Air and Surface logistics as well as 3PL, warehousing and fulfilment centres. It currently offers services in both air express and ground logistics space. The company is growing more than the industry in the segments it is catering to with door-to-door pickup and delivery service clocking about 40 per cent growth. In the ground service segment, the company as of now is into B2B, which is growing at 50 per cent month-on-month.

Funding and Financial Growth

The logistics platform commenced operations in October 2021 with a seed funding of around Rs 100 crore led by IIFL India Pvt Equity Fund and Smiti Holding & Trading Company (Jalaj Dani Family Office). Smartr Logistics is one of the few players that secured a seed fund of INR 100 crores from the get-go and is determined to establish itself as an industry leader in the coming years. The company is now getting into a Series A fundraise, which would be to the tune of USD 30-million approximately. This would be followed by Series B funding, which is expected to come around by early 2025 for implementing the company's warehousing business plans.

Future Expansion and Reach

Smartr is looking to add more pin codes in its operations, with a total of 4,000 pin codes by June this year. The target is to reach 6,500 pin codes by December this year and a total of 8,500-9,000 by June 2024. This would give the company a market coverage of about 80-85 per cent. Besides the domestic market, which will continue to drive growth, Smartr plans to make foray into cross-border logistics business from this fiscal with the Middle-east to begin with followed by the US and Europe.