Investment in logistics tech — Four startups shaking up the logistics and transport industry, October 2019

Sciant
Sciant
Oct 30, 2019 · 3 min read

The global logistics market continues to grow. Last year it reached a value of $4.739 trillion and is expected to reach $6.3 trillion by 2024. In Europe alone it generates £1 trillion in annual revenue, representing 11% of EU GDP, generating over 7 million jobs.

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A huge part of this growth has been the increasing digitalisation and technological modernisation of the industry. Startups and digital disruptors are springing up everywhere especially in modernising countries where technology adoption and infrastructure improvements are fast-tracking sector growth. India has seen a capital infusion of $6.25 billion in the logistics sector in the first half of 2019 alone, a six-fold increase on what was raised last year. But even Europe, with its already stable infrastructure base, has seen funding rise to $2.622 billion in 2018, more than a billion dollars up on the previous year.

Some of the technologies driving this interest include cloud logistics, big data and machine learning, augmented and virtual reality (AR and VR), improved sensors and internet connectivity, blockchain and the internet of things (IoT). The massive demand for improved logistics generated by the rise of e-commerce — which in itself raised $76.9 billion in global investments in 2018 — continues to be one of the main drivers.

Here are a handful of startups looking to play their part in modernising the industry.

Frontline Dynamics https://tryfd.us/

RPA Labs https://www.rpalabs.com/

Zencargo https://www.zencargo.com

Shipper https://shipper.id

Sciant helps new technologies find their feet in the logistics and transport market with the right connections and integrations to help scale in their preferred geographic locations. Sciant’s range of domain experts with specialism in data, machine learning, connectivity and integrations will enable concepts to evolve into MVPs and meet sector demand in features and functionality.

Sciant

IT and Software Development Services Company

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