Managing delivery more efficiently

Earlier, there was a 24-hour lag to know the status of shipment . Delivery management softwaremaker FarEye has tackled the problem by automating the last-mile delivery process. Last week, SAIF Partners pumped in $3.5 million in the start-up.

Using its app, the logistics firm pushes the daily list to delivery persons. Companies like DTDC, Bluedart, Ecom Express, Bajaj Capital, etc, which used to operate manually or relied on software that was expensive and not mobile-friendly, have embraced FarEye's workforce management solution on mobiles. Founded by Kushal Nahata, Gautam Kumar and Gaurav Srivastava in 2013, FarEye enables real-time coordination among employees on the go, job execution and customer requests by moving operations to a mobile platform. Through the automation software, companies can schedule and dispatch goods, monitor execution and analyse real-time performance, making enterprises more effective and streamlined.

"I don't want to build something that goes away in two to three years. We want to go global. With the capital raised we plan to open offices in Dubai and Singapore by the end of this year," says Kushal Nahata, co-founder and chief executive officer. The start-up has plans to integrate with IoT (internet of things) platforms and drones to enable automated delivery. The software-as-a-service platform, makes money by charging a licence fee and transaction fee. India accounts for two-third of its revenue. Currently, it has a team of 30 and plans to expand sales, delivery and product teams to 60 in a few months.