New Delhi, 14 September 2018: FarEye, a global predictive logistics platform has been awarded the ‘Most Valuable Startup’ Award at the 4th Inflection Summit & Awards, India’s largest Supply Chain, Logistics and Procurement leaders’ conclave, held on 12th September 2018 in New Delhi.
Inflection Awards, the top Awards in Technology, Supply Chain, Warehousing, Consulting, Start-up, Fintech, and Academics & Training honored Leaders and Organizations for their breakthroughs and achievements in innovation and excellence.
Upon receiving the award, Mr. Kushal Nahata, CEO & Co-founder, FarEye, said, “We feel honored and grateful for the recognition we have received with this award. We started FarEye with a vision to revolutionize the logistics industry, addressing key inefficiencies in processes and making them transparent. We are working with hundreds of businesses globally helping them achieve higher supply chain visibility and creating superior delivery experiences.”
Founded in 2013, FarEye aims to solve the complicated last-mile delivery issues on a mobile platform. Its biggest strength lies in last-mile logistics for retailer, CPG, e-commerce and 3PLs. It caters to new and innovative models like milk-run, crowdsourced asset-light infrastructure, direct to consumer, store to consumer, restaurant delivery, on-demand delivery, and many others.
Some of its innovative offerings in the market include – Drop&Pick, a cloud-based web and mobile application to enable parcel shops; Transportation – Supply Chain Visibility suite, which allows enterprises to have complete visibility of goods while in transit from the plant right through to the final destination; Foodeligent, an Artificial Intelligence-based platform to cut food delivery time by 15 percent; Delight – Delivery Experience Suite – that helps businesses increase their Delivery Happiness Score – the ultimate measure of customer success, among others.
FarEye is a SaaS platform, which has two offerings: FarEye eCommerce Logistics (LMD) platform (for operational efficiency) and FarEye Transportation platform for creating reliable & optimized supply chains.
FarEye is a digital logistics platform enabling predictability & real-time visibility of goods movements. FarEye is constantly bringing innovations to market with products like elastic logistics, food logistics, delivery happiness score and powerful analytics module et al.
FarEye uses data-driven optimization algorithms to help organizations champion operational efficiencies, increase their revenue streams and deliver superior customer experience.
SAIF funded FarEye is enabling digital logistics and continues to grow at an astounding 362% year on year (Deloitte reports). With a presence in more than 20+ countries, FarEye enables digital logistics for the world’s largest retailers like Walmart, Future Retail & Amway, and logistics companies like Blue Dart and eCommerce giants like Noon. FarEye executes more than 500 million shipments annually for more than 100+ clients.
After being awarded as the ‘Digital Disrupter of the Year’ by International Data Corporation (IDC), we have also been recognized by Gartner for our Real-time visibility platform and Vehicle Routing and Scheduling module.