Frost & Sullivan, a global growth consulting company, announced the start of a strategic growth partnership with Vaahika, an online marketplace startup focusing on intercity goods transport and connecting transporters and shippers on an easily accessible user-friendly platform. Frost & Sullivan, under its C2A (Companies to Action) program, will support Vaahika through strategic advisory in a wide array of areas covering all aspects of its growth and evolution as a leading force in Indian logistics industry. Frost & Sullivan will also support Vaahika in its fund raising activity to fuel its growth plan. Frost & Sullivan sees Vaahika as a strong, technology focused company that can drive significant improvements in fleet utilization and logistics efficiency benefiting both shippers and carriers, and thus emerge as a leading player in this sector.
Y. S. Shashidhar, Managing Director and Partner, Frost & Sullivan MENASA says “Indian logistics industry is relatively unorganized when compared to leading global markets and hence is in urgent need for transformation. Freight aggregation through online platform can add great deal of efficiency and effectiveness in India’s logistics sector. Vaahika’s innovative service for shippers and carriers is expected to bring about tremendous economies of scope and scale to the largely unorganized trucking and logistics sector in India. Frost & Sullivan’s companies to action growth partnership (C2A GP) platform is aimed at enabling early stages companies, such as Vaahika, in developing robust growth strategies, build and scale-up brand and demand of their services and solutions, and realize full growth potential. We look forward to catalyzing Vaahika’s strong and positive impact on Indian logistics industry.”
Frost & Sullivan brings strong expertise in technologies, econometrics, applications, and markets encompassing 12 industries and over 1000 markets. Its global presence, coupled with over 50 years of working with companies ranging from Fortune 500 organizations to emerging companies, will help startups such as Vaahika accelerate their business. Sandeep Kar, Frost & Sullivan’s Global Vice President and a globally acclaimed commercial vehicle industry thought leader is joining the advisory board of Vaahika.
Vaahika was founded with a vision to drive continuous innovation, effectiveness, and efficiencies in the Indian logistics market through better asset utilization, higher equipment uptime, and reduced empty miles. Frost & Sullivan expects the online freight aggregation market in India to grow in both intra-city and intercity duty cycles, and finds Vaahika poised to solve a major issue for truckload carriers in India – empty miles and sorties.
“Indian logistic industry is valued over $130 billion, yet this sector is highly unorganized and needs urgent technology infusion for bringing unique economies of scope and scale to become globally competitive. Vaahika’s execution approach, vision and initial performance assure the creation of an attractive business that is scalable both domestically in India and in other emerging markets” said, Sandeep Kar, Global Vice President – Research, Mobility.
Founders of Vaahika leverage their IIT/ IIM background and feature a strong understanding of the logistics business and experience in commercial vehicle and freight mobility industries. They come from a business background in inter- and intra- city logistics of over 3 decades. Vaahika’s aim is to generate 1 Million truckloads in 2020.
In a short span of 6 months Vaahika has executed shipment of over 5,000 tons of manufactured goods from the state of Rajasthan. Vaahika already has more than 300 vendors and 150 clients on board. The company has grown at a remarkable pace of over 50% Month-on-Month (MOM) in its count of shipment executions, since initiation of its services in October, 2015.
“We are really excited with this development; Frost & Sullivan’s trust in us not only validates our approach and strategy but will further strengthen our vision of a streamlined logistics business in South Asia. It will help us in gaining a deeper strategic outlook on global technological evolution in the freight aggregation business. We are even more confident that we will be able to add significant value to transporters by increasing efficiency and revenues. Together with Frost and Sullivan we hope to build value across boundaries, and create a single window ecosystem to access all logistics services seamlessly ” said, Siddharth Jain, Co-Founder, Vaahika
About Frost & Sullivan’s C2A Program:
Under the C2A (companies to action) growth partnership program, Frost & Sullivan will advise companies on a strategic level in decisions in developing their growth plan in India. The program also supports Startups with fund raising activity, scaling up their brand and demand building activity. With a global scale and coverage of 12 different industries, the program offers startups/emerging companies’ global growth potential, connections, adjacent market growth opportunities, and superlative visibility.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
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Vaahika is an online marketplace bidding platform facilitating intercity B2B goods transportation. It is a solution to create an efficient technology bridge between manufacturers and transporters which aims at filling the demand and supply gap while bringing in convenience and transparency into the entire process.
Vaahika was founded by Siddharth Jain and Shashank Jain in July, 2015. Siddharth is a graduate from IIT Roorkee (2007) and Shashank is an alumnus of IIM Shillong (2012)