KredX Blog KredX Blog
  • HOME
  • PRODUCTS
    logo

    FOR BUSINESS logo

    logo

    FOR INVESTORS logo

    Invoice Discounting

    Unlock money tied up in unpaid invoices

    KNOW MORE

    KredX Pay Later

    A closed loop financing for your dealers/distributors/Retailers

    KNOW MORE

    KredX Cash Management Solutions (CMS)

    Get real-time analytics. Manage disputes. Minimise risks. Get risk-free returns

    KNOW MORE

    KredX Global Trade

    Get Quick Finance To Fund Your Import-Export Requirements

    KNOW MORE

    Invoice Discounting

    Diversify your portfolio with alternative short-term investments

    KNOW MORE
  • PARTNER WITH US

    Business Partner Program

    Accelerate your client’s business growth and get attractive payouts on time

    KNOW MORE

    Financial Advisor Program

    Grow your credibility and clients’ investment portfolio

    KNOW MORE
  • KNOWLEDGE CENTER

    FAQs

    Blog

    Knowledge Base

    Webinars

    Reports

    WhitePapers

    Podcasts

  • COMPANY
  • LOGIN / SIGNUP
  1. Home
  2. Business
  3. Customer In Focus: A Logistics Business
 Customer In Focus: A Logistics Business
Business MSME

Customer In Focus: A Logistics Business

by KredX Editorial Team August 31, 2018 0 Comment

Founded in 2015, the technology startup is on a mission to innovate the logistics industry. This B2B logistics startup is focused on short and long-haul operations through a hybrid asset ownership model, cutting-edge technology & an extensive network of a specially designed fleet. The company is working with the likes of Amazon, Carlsberg, Flipkart, GSK, Panasonic, Pepsi, Pepperfry and Tupperware among other marquee clients. According to the Co-founder, the company aims at 5X-10X business expansion by 2018 along with the entry of the company into the part-load market with innovative operating models.

Snapshot of the Technology Startup

Product: Suite of Express Solutions in Line Haul, Full Truckload & Last Mile

On The KredX Platform Since: 21 February 2017

Invoice Amount Discounted Till Date: ₹21 Cr

A Quick Glimpse Of the Startup’s Journey So Far With KredX

Prior to coming on board the KredX platform, the startup found it difficult to keep up with the growing demands of the business. Being a young company, managing day-to-day operational expenses had become a challenge and there was an immediate need to increase the credit line to help with business growth and expansion.

The company approached Banks & NBFCs in search of solutions that could help address their needs but there were several challenges, some of which were:

  • The company was required to furnish collaterals and financial history to avail of traditional offerings despite being a young startup
  • Expensive when exploring other forms of short-term and long-term borrowing

KredX Offering

KredX helped the young startup effectively repurpose their capital needs to better suit the requirements of the growing business. Sourcing credit without impacting the balance sheet was a standard that was beneficial to the business.

How We Helped

The startup was able to better manage its overhead costs on time due to increased revenue creation. In addition to this, this also led to better adoption of business strategies due to the availability of ready funds.

The logistics tech business started from a ₹20 lakh limit sanction with KredX that has now increased to a ₹3.8 Cr limit, a clear indication of massive business growth in a short span of time. The number of enterprises dealing with the company also grew manifold. The startup was able to set up tangible growth parameters due to timely revenue retention leading to the accomplishment of company objectives on time and enhanced prospects of faster business growth.

Share This:
Tags: business business growth company news KredX Logistics Business logistics-industry Startup’s Journey
Previous post
Next post

KredX Editorial Team (Website)

administrator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Enquire now

  • Invalid value

  • Invalid value

  • Invalid value

The Best Of Alternative Investments, Now On Your Phone

Download App:

KredX Blog KredX Blog

Wing ‘A’, Ground Floor, Office-1 Block-‘A’, Salarpuria Softzone, Bellandur Village, Varthur Hobli, Bangalore South Taluk, Outer Ring Road, Bangalore – 560103

+1 212-602-9641

info@example.com

Get More Location

Follow us:

Download app:

Company

Home
About Us
Careers
Contact Us
Our Offices

Resources

Blog
Reports
Whitepapers
Knowledge Base
Podcasts
Webinars

Support

FAQs
Talk To Our Advisor
Chat With Us
Sign Up
Login

Legal

Nodal Officer Name: Amrutha A / Ph: 08061799200, IVR-9 / Email: Amrutha@Kredx.Com
Terms And Conditions
Privacy Policy

Investor Products

Invoice Discounting
Bonds
Digital Gold/Silver
KredX Assured

Business Products

Invoice Discounting
Buy Now Pay Later
KredX Cash Management Solutions
KredX Global Trade

Quick Links

Business Partner Program
Financial Advisor Program
Business Suite
©2022 Minions Ventures Pvt Ltd