India’s first-ever and first-of-its-kind acceleration programme for supply chain startups, Supply Chain Labs by Lumis Partners, is all set to commence on September 1, 2019 with its fantastic final cohort of 9 early-stage, high-growth-potential supply chain startups with cutting-edge solutions to supply chain challenges of global relevance.
This holistic 2-month programme is offered by Lumis Partners, an operating investment firm and a global leader in the logistics and supply chain management space that is committed to bridging the gaps in the supply chain industry, building a resilient and robust ecosystem and thereby, driving the industry towards unparalleled growth and efficiency.
Supply Chain Labs has had overwhelming support from the corporate houses, industry leaders and global investors right from its inception and the Programme has strategic partnerships with MIT (academic partner), Yes Bank (corporate innovation partner) and AWS (technology partner).
The Selection Phase
Having received a remarkable response from supply chain startups from across India, the process of shortlisting the Top 15 out of 600+ applicants for the Grand Jury Session involved rigorous and thorough scrutiny and assessment spread across 4 stages. The fantastic final cohort of 9 high-potential supply chain startups was selected at the Grand Jury Session on August 13, 2019 by a distinguished jury comprising of experienced investors, corporate leaders and industry stalwarts.
The first-ever batch of Supply Chain Labs includes
Xpedize Ventures Private Limited is a comprehensive tech-enabled platform for Supply Chain Finance that eliminates inefficiencies and delivers profitability for buyers and sellers.
SuperProcure – TruckHall Pvt Ltd is a cohesive and unique platform to enable businesses of all kinds and sizes to simplify vehicle procurement, trip management and logistics and thereby, reduce their logistics budgets.
FreightBro is a unique and cohesive freight forwarding platform that enables freight forwards to remove inefficiencies, procure the right prices and boost sales.
Quifers’ logistics management software is enabling businesses to transform their logistics with effective delivery planning, route optimization, fleet utilization, tracking, etc.
Odwen – Udghata Technology Private Limited is India’s first DIY warehousing management system that is making warehousing simple, efficient, secure and affordable.
Rezo Technologies Private Limited is a Supply Chain Finance platform that leverages automation to securely and efficiently connect corporate buyers with suppliers helping them discount or finance invoices at cheaper prices.
Crofarm AgroProducts is a creating zero-wastage agricultural supply chain that helps farmers get the right price for their produce and consumers get the best-quality and fresh agri-products delivered at their doorstep.
Smartstorey is a one-stop-shop for home and lifestyle solutions that enables customers to source construction and home interior requirements (from building materials to carpets) from anywhere across the country.
Elixia Tech is empowering businesses across industries with smart, comprehensive and customized data-enabled solutions for transportation, logistics and supply chain management.
“It is very exciting to see the drive and innovation presently in India. Supply Chain and logistics solutions of global quality and depth are coming out strong. There are definitely some really valuable companies in the making here” – Victor Martinez-Angles, Senior Partner at Lumis
The Acceleration Phase
The 2-month acceleration phase will include tailored handholding support to each of the 9 startups to enable them to refine their solutions/ products, think and act global, develop competitive advantages and build a solid foundation for accelerated growth.
Knowledge and capacity building are key parts of the Programme. The startups will be part of a 1-week programme at MIT’s Zaragoza Logistics Centre (ZLC), Spain to gain exposure to critical concepts and international best practices in the field. The startups will also be part of a series of incisive business, domain and commercial workshops led by mentors, investors, and corporates.
Through the Supply Chain Labs programme, each of the startups will get access to Lumis’ global network of partners, investors, mentors and other best-in-class resources with opportunities to showcase products/ solutions to a curated set of corporates and pitch to potential investors.
The collaboration with the startups does not end with the 2-month acceleration phase. There will be a continued interaction phase spanning 4 months where the startups will continue to receive mentoring and support from Lumis. The graduated startups will be alumni for life with access to the Lumis’ senior leadership for support and guidance.
The next batch for the Supply Chain Labs Programme will be announced in 2020. For any further information, visit https://supplychainlabs.in/.