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.
Denne historien er fra November - December 2018-utgaven av Indian Transport & Logistics News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November - December 2018-utgaven av Indian Transport & Logistics News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
IndoSpace to invest ₹4500 cr in Tamil Nadu over next three years
IndoSpace announced plans to increase its investments up to ₹4,500 crore in new logistics and warehouse parks in Tamil Nadu.
TVS ILP to invest ₹200 crore to build grade-A logistics park in Indore
TVS Industrial & Logistics Parks (TVS ILP) has announced its entry into the Indore market by acquiring 20 acres of land in Pithampur Sector 7 from the Madhya Pradesh Industrial Development Corporation (MPIDC).
KSH opens new 40,000 sq ft multi-client warehouse in Bangalore
KSH Integrated Logistics announced the expansion of its warehousing operations in Bommasandra, Bangalore with a multiclient warehousing facility spreading across 40.000 sq ft.
TATA-Airbus opens the C295 aircraft manufacturing facility in India
In a major boost to India’s defence and aviation industries, in October 2024 Indian Prime Minister Narendra Modi and Spanish Prime Minister Pedro Sanchez jointly inaugurated the TATA Aircraft Complex in Vadodara, Gujarat, where the Airbus C295 aircraft will be manufactured.
FedEx partners with Invest India to support One District One Product
FedEx announced its collaboration with Invest India to support the Government of India’s One District One Product (ODOP) initiative and aim to boost the growth of Indian small businesses by providing them with access to global markets, capacity building, and branding opportunities.
UPS launches tempcontrolled pharma facility in Hyderabad
UPS has launched its specialised healthcare focused cross-docking facility in Hyderabad.
SeaLead's ANIDEA service to connect Asia, India & East Africa
SeaLead has announced the launch of its revamped ANIDEA(Asia and India, East Africa) service, connecting the Far East, West India, and East Africa.
JSW Infrastructure to develop Murbe Port near Vadhvan
The Maharashtra Maritime Board (MMB) has granted a letter of intent to JSW Infrastructure to develop a multipurpose port at Murbe in Palghar on public-private partnership (PPP).
Adani Ports H1FY2025 net profit up 42% at ₹5,520cr
Adani Ports reported a 42 percent increase in net profit at ₹5,520 crore for the first half of the financial year 2024-25 compared to ₹3,381 crore in the same period last year.
Sustainable supply chains From emissions to efficiency in India
India's logistics sector is rapidly adopting sustainability measures to cut emissions and enhance efficiency, aligning with the country's pledge to reduce emissions intensity by 45% by 2030.