“ One size fits all formula does not work in logistics tech”

Noida- headquartered FarEye is emerging as a major name in logistics technology space. The tech start-up has raised nearly $15 million during its short journey so far and agencies backing it financially also includes global logistics giant DHL. Ritwik Sinha speaks with Kushal Nahata, Founder & CEO, FarEye to get a sense of company’s growth journey, the USP of its major offerings and the broader trends in the industry on the technology adoption front vis-à-vis supply chain management of both logistics as well as the end-user industry. Edited excerpts…  …

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Exciting offers from Samsung during Flipkart’s ‘Big Billion Days’

Samsung has announced exciting offers on select smartphones for Flipkart’s ‘The Big Billion Days’ sales starting October 11. Samsung’s flagship Galaxy S8 (64GB) will be available at a never before price of INR 29,990 after a flat discount of INR 20,000. Among other smartphones that will be available at attractive prices is – Galaxy On6 (64GB) which will be priced at INR 11,990. Samsung is also offering exciting offers on other Galaxy smartphones; Galaxy J3 Pro will now be available at an exciting price of INR 6,190. Galaxy On Max and…

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SEZs to be transformed into ‘Employment Enclaves’

The SEZ Policy Review Committee, headed by Baba Kalyani, met in New Delhi last week. This was the final round of consultations with the committee members under the chairmanship of the Commerce Secretary. The committee is now slated to submit its final report soon. A broader opinion which has emerged in the consultations is:  SEZ should now transform into “Employment and Economic Enclaves” (3Es) which will be an integrated ecosystem that focuses on ease of doing business, quality and infrastructure in order to reduce costs. The objective of the Committee…

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GoBolt receives Rs 40 crore funding from Aavishkaar

Aavishkaar, the pioneering impact fund advisory firm and part of the Aavishkaar-Intellecap Group, has decided to make an investment of Rs. 40 crore from its Aavishkaar Bharat Fund towards the Series-A round of equity investment in technology-enabled surface transportation company GoBolt. The company will be leveraging the raised funds primarily to strengthen its team, expand its presence across India, increase its fleet size, further develop its technology platform and also foray into allied business segments. GoBOLT, incorporated in 2015, focuses on disintermediation and increased vehicle utilization by leveraging technology. The…

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