FarEye, a global predictive logistics platform has been awarded the ‘Most Valuable Startup’ Award at the 4th Inflection Summit & Awards, India’s largest Supply Chain, Logistics and Procurement leaders’ conclave, held on 12th September 2018 in New Delhi.
Inflection Awards, the top Awards in Technology, Supply Chain, Warehousing, Consulting, Start-up, Fintech, and Academics & Training honored Leaders and Organizations for their breakthroughs and achievements in innovation and excellence.
Upon receiving the award, Mr. Kushal Nahata, CEO & Co-founder, FarEye, said, “We feel honored and grateful for the recognition we have received with this award. We started FarEye with a vision to revolutionize the logistics industry, addressing key inefficiencies in processes and making them transparent. We are working with hundreds of businesses globally helping them achieve higher supply chain visibility and creating superior delivery experiences.”
Founded in 2013, FarEye aims to solve the complicated last-mile delivery issues on a mobile platform. Its biggest strength lies in last-mile logistics for retailer, CPG, e-commerce and 3PLs. It caters to new and innovative models like milk-run, crowdsourced asset-light infrastructure, direct to consumer, store to consumer, restaurant delivery, on-demand delivery, and many others.
Some of its innovative offerings in the market include – Drop&Pick, a cloud-based web and mobile application to enable parcel shops; Transportation -Supply Chain Visibility suite, which allows enterprises to have complete visibility of goods while in transit from the plant right through to the final destination; Foodeligent, an Artificial Intelligence-based platform to cut food delivery time by 15 percent; Delight – Delivery Experience Suite – that helps businesses increase their Delivery Happiness Score – the ultimate measure of customer success, among others.