August 22, 2019

India’s First-Ever Supply Chain Accelerator Programme Concludes the Selection Phase with the Grand Jury Session

Supply Chain Labs is an Acceleration Programme by Lumis Partners with MIT as the academic partner, Yes Bank as the corporate innovation partner and AWS as the technology partner for Early-Stage Supply Chain Startups with High Growth Potential.

India’s first-ever Acceleration Programme aimed at revolutionising the supply chain space in India, Supply Chain Labs by Lumis Partners, is all set to kick-off on September 1, 2019. Supply Chain Labs is a first-of-its-kind acceleration programme in India that aims to bring next-gen business models and cutting-edge supply chain solutions to truly transform the efficiency, productivity and profitability for all stakeholders and to bridge the wide gaps that exist in investments in grassroots solutions that solve complex, global SC challenges.

Right from the announcement of the initiative, Supply Chain Labs has received a remarkable response from the SC startups from across the country with over 600 of them applying to be part of the programme. The programme has also received massive support from big corporations, industry leaders and seasoned investors from across the globe.

The Top 15

After a rigorous process of scrutiny and thorough analysis of the applications and ideas spread across 4 stages, 15 startups were shortlisted for the Grand Jury Session on August 13, 2019. The Top 15 startups belong to a wide range of different sub-segments of the supply chain industry and not just traditionally over-invested sub-segments of the industry.

  • 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.
  • Elixia Tech is empowering businesses across industries with smart, comprehensive and customized data-enabled solutions for transportation, logistics and supply chain management.
  • Decker Logistics Pvt Ltd’s ValueShipr solution is enabling the development of an organized and transparent Logistics Ecosystem for all associated stakeholders and creating tremendous value.
  • Quifers’ logistics management software is enabling businesses to transform their logistics with effective delivery planning, route optimization, fleet utilization, tracking, etc.
  • 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.
  • FreightBro is a unique and cohesive freight forwarding platform that enables freight forwards to remove inefficiencies, procure the right prices and boost sales.
  • Odwen – Udghata Technology Private Limited is India’s first DIY warehousing management system that is making warehousing simple, efficient, secure and affordable.
  • Adapt Ideations Pvt Ltd is a B2B platform leveraging IoT, Blockchain and other futuristic technologies to deliver smart and customized supply chain solutions.
  • Rezofin Technologies Private Limited is an SC Finance platform that leverages automation to securely and efficiently connect corporate buyers with suppliers helping them discount or finance invoices at cheaper prices.
  • 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.
  • Shiplyst Systems Private Limited is a hassle-free and comprehensive platform for businesses to get and compare quotes from multiple freight-forwarders for ocean shipments and effectively manage shipments.
  • Xpedize Ventures Private Limited is a comprehensive tech-enabled platform for SC Finance that eliminates inefficiencies and delivers profitability for buyers and sellers.
  • Thar Shipping Lines LLP (PortExcel) is an efficient, hassle-free and end-to-end logistics (air and sea) management platform that provides real-time visibility to shipment.
  • Logistimo India Private Limited is an open-source, inclusive value chain platform to fulfill healthcare delivery needs and ensure health equity of the rural population.
  • Planet Express Innovations Pvt Ltd is a simple and powerful shipping tool that reduces time and effort by 50% for businesses looking to make a global impact.

The Grand Jury Session

At the Grand Jury Session, each of the Top 15 startups did a 6-minute pitch to the jury followed by a 3-minute Q&A round. The final cohort of startups was decided based on the complexity of the problem that the startups are solving, their uniqueness, commercial traction, how they will benefit from the acceleration programme, their vision and growth potential.

The distinguished jury consisted of members of the investor community, industry leaders, domain experts, corporates, seasoned entrepreneurs and the core committee members of Lumis Partners. The jury has years of experience in the SC space and knows the supply chain industry inside out. This was visible in the Q&A session as they asked super domain-specific questions to each of the startups to get deeper insights into their solutions and analyse the possible growth outcomes.

The Distinguished Jury included:

Overall, the Grand Jury Session was a huge success and a momentous occasion for the supply chain industry in India. The seasoned jury finalized the fantastic final cohort of 9 high-potential, early-stage supply chain startups for the Supply Chain Labs Programme that is all set to kick off on September 1, 2019.

The final cohort of 9 startups selected for the SCL Programme are:

  1. Xpedize Ventures Private Limited

  2. SuperProcure – TruckHall Pvt Ltd

  3. FreightBro

  4. Quifers

  5. Odwen – Udghata Technology Private Limited

  6. Rezo Technologies Private Limited

  7. Crofarm AgroProducts

  8. Smartstorey

  9. Elixia Tech

Supply Chain Labs congratulates the top 9 startups and welcomes them onboard for a long-term collaboration.

For further information on the Supply Chain Labs Programme, visit https://www.supplychainlabs.in/.

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