27 Jul '15, 1pm

Their one-month-old startup brings logistics tech out of the stone age, bags #funding

Nishith Rastogi and Geet Garg, co-founders of Locus Ask any hyperlocal delivery startup, on-demand “Uber for X” business, or ecommerce titan to name its three big bottlenecks. Logistics will, more often than not, be one of them. A dozen things could go wrong from the point where an order is ready for dispatch to the point where it lands in a waiting customer’s hands. The supervisor could pick a delivery boy who already has a long task list; the delivery boy could pick the wrong route to travel; orders could get mixed up; and so on. Each one of them is a costly mistake. Yet, logistics is more of a necessary evil to tame for these companies. After all, they have to focus on their core business. This is where Bangalore-based Locus comes in. Its tech tools automate the entire delivery process. Take a food delivery startup for instance. In real time, Locus’s algorithms can slic...

Full article: http://svca.org.sg/their-one-month-old-startup-brings-log...

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