GoGoVan India: Same-Day Delivery Service on the Go

Murali Krishna,Director - Operations (India)

Murali Krishna

Director - Operations (India)

GoGoVan began its journey in 2013 by Steven Lam and two other founders. In 2017, the company merged with 58 Suyun, the fright business of mainland Chinese online classifieds giant 58 Home, creating HongKong's first start-up to be worth more than US$1 billion. The Uber of Logistics: GoGoVan is now set to conquer the global market spectrum by end of 2019. In fact, the company has raised Series A, B & C funding from various investors.

Rolling in money in Series A funding round, the company has raised US$6.5M, with Centurion Private Equity as the main investor. In June 2014, GoGoVan received its third major investment, with its Series B+ round raising an additional US$10 M. This was co-led by existing investor Renren and new investor Zemin Hu. In May 2016, GoGoVan received the most notable investment from the e-Commerce giant Alibaba, where they launched about US$130 M fund. Also, the Series C round of funding included Singapore Press Holdings as a major investor.

Currently operating in China, Taiwan, Singapore and Korea, GoGoVan in 2016entered the Indian market with the prime focus to provide quality logistics services to SMEs, MSMEs, and
large corporate owners, across Industries. "We took about 2-3 months, researching the market, understanding the pain points of drivers and customers. Once, this was restored. With our existing fleet of 200-500 vehicles, ready to be deployed, slowly with time, we built the trust with some of our clients like Blue Star India Ltd, Dyrocon Airtech Ltd, Crescon Projects and Services Pvt Ltd, MedPluse and SVPC amongst others," mentions Murali Krishna, Director - Operations, GoGoVan India, recalling the initial days of operations.

GoGoVan entered the Indian market with the prime focus to provide quality logistics services to SMEs, MSMEs, and large corporate owners, across industries

Investing heavily in technology, GoGoVan India now has come up with the most optimum solution for Indian businesses and is set to launch its first of its kind mobile app, in the upcoming month. The app is said to disrupt the entire ecosystem.

GoGoVan Business - Elevating Growth
In the recent past, a majority of the companies are showing greater interest in sharing rather than owning a logistics facility. For instance, various industries in India have been disrupted by sharing economy model. The highest adoption so far has been in logistics, hospitality and food & beverages segment.

Therefore, embracing the sharing economy model, GoGoVan has partnered with large businesses, multinational
companies e-Commerce ventures, and other fleet management companies whereby enhancing the growth for all. Murali narrating the scenario from a logistics perspective explains "Due to lack of technology, trucks were seen unused during the business hours in the halting points and the drivers were relying on few known customers and few portals like Justdial for the business opportunities. But by using our technology, drivers can betterment their vehicle utilization and increase their business to wider market reach."

GoGoVan Mobile Application – What to Expect?
Channelizing a seamless experience to the customers be it B2B or B2C. The user can be allocated a vehicle with 3-4 minutes, unlike waiting for 30 minutes at least with the existing model. The user can track the vehicles they have assigned, which will reduce stress to find out the whereabouts. Also, the driver can increase the vehicle utilization with more loads by finding the business wherever he moves. Lastly, with dynamic and fixed pricing, customers are free from bargaining.

Based in Chennai, GoGoVan is writing new chapters each passing days and is changing the notion of people in the industry by providing the more convenient and effective service across India. Excited Murali concludes, "It's hard. It's complex, It's unique. Yes, the last mile is expensive too. Businesses within industry perform at different efficiency levels. So, no matter of competition for the new beginners, the opportunity in India is real and substantive."