![]() ![]() The founding team of Edgistify have all been entrepreneurs before. They received 50 requests and thus, the startup was incorporated in 2017. In order to validate their data, Umang, Kamal and Antim reached out to more than 300 supply chain heads. The idea of Edgistify was thus born in June 2016. The startup helped Jio finalise warehouses at 75 locations in just 18 days, operations in four locations, and executed deployment of material handling equipment in more than 140 locations. “We want to be a one-stop solution for our clients, be their extended on-ground arm for logistics procurement with the help of our one-of-a-kind data-driven decision-making platform,” says Kamal Kumawat, Co-founder, Edgistify.Įdgistify’s most important project so far was the Reliance Jio Fibre project. The startup facilitates the various stages of supply chain starting from planning to vendor discovery, evaluation and ultimately finalisation. ![]() Incorporated in 2017, Edgistify is a conjunction of “Edge, Logistics and Simplify,” and its parent company is Optisupply Chain Solution. The tech platform helps logistic firms design the entire supply chain. With no structure in the parameters used to identify, select or even benchmark warehouses, this has further crippled the industry. ![]() The segment is not just fragmented but highly unorganised. With India spending 14 percent (about $360 billion) of its total Gross Domestic Product (GDP) on logistics and supply chain, 40 percent of this total cost (approximately $270 to $300 billion) is due to indirect costs and inefficiencies in the supply chain. With the boom of ecommerce, the logistics business is finding its place in the sun. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |