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Freight Service Unicorns

Top 8 Freight Service Unicorn Startups in 2021

Startups are hard and becoming a unicorn startup is even harder, but here is a list of 8 freight service companies that have achieved the unicorn status.

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Think Freight Service is boring and everything’s been done before?

Think again.

If you’re in the freight service industry or are interested in starting a company in this space, this article dives into all of the hottest Freight Service unicorn startups who are making their way to becoming worth more than US$1 billion.

Top 8 Freight Service Unicorn Startups

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Convoy

Convoy

Convoy is a real-time, demand-based digital freight network to bring efficiency and transparency between shippers and carriers.

Details of the startup:

  • Valuation:

    $2.75

    B (

    September 2018

    )

  • Country:

    United States

  • City:

    Seattle

  • Started in:

    2015

  • Founders:

    Dan Lewis, Grant Goodale

  • Industries:

    Freight Service, Logistics, Service Industry, Supply Chain Management, Transportation

  • Number of employees:

    500-1,000

  • Funding Amount:

    $665,500,000

  • Number of funding rounds:

    8

  • Number of investors:

    45

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Delhivery

Delhivery

Delhivery is a modern logistics service provider that develops customized supply chain solutions for enterprises.

Details of the startup:

  • Valuation:

    $1.50

    B (

    February 2019

    )

  • Country:

    India

  • City:

    Gurgaon

  • Started in:

    2011

  • Founders:

    Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, Suraj Saharan

  • Industries:

    E-Commerce, Freight Service, Last Mile Transportation, Logistics, Shipping, Supply Chain Management, Transportation, Warehousing

  • Number of employees:

    5,000-10,000

  • Funding Amount:

    $959,569,361

  • Number of funding rounds:

    10

  • Number of investors:

    9

here

Flexport

Flexport

Flexport is a low-cost, full-service global freight forwarder and logistics platform that reduces friction in international trade.

Details of the startup:

  • Valuation:

    $3.20

    B (

    April 2018

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2013

  • Founders:

    Ryan Petersen, Susanne Schöneberg

  • Industries:

    Freight Service, Logistics, SaaS, Shipping, Supply Chain Management

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,304,000,000

  • Number of funding rounds:

    9

  • Number of investors:

    70

here

J&T Express

J&T Express

J&T Express is an E-Commerce Freight Forwarding and Expedited Service provider of international shipping services for businesses and individuals.

Details of the startup:

  • Valuation:

    $7.80

    B (

    April 2021

    )

  • Country:

    Indonesia

  • City:

    Jakarta

  • Started in:

    2015

  • Founders:

    Jet Lee, Tony Chen

  • Industries:

    Courier Service, E-Commerce, Freight Service

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $2,200,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    3

here

Manbang Group

Manbang Group

Manbang Group is a technology-driven trucking company that offers an online platform matching shippers and drivers.

Details of the startup:

  • Valuation:

    $12.00

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Guiyang

  • Started in:

    2017

  • Founders:

    No Data

  • Industries:

    Apps, Freight Service, Logistics, Ride Sharing, Transportation

  • Number of employees:

    No Data

  • Funding Amount:

    $3,600,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    15

here

Rivigo

Rivigo

Rivigo, a technology enabled logistics platform provider, helps customers move goods from origins to destinations with efficiency and reliability.

Details of the startup:

  • Valuation:

    $1.07

    B (

    July 2019

    )

  • Country:

    India

  • City:

    Gurgaon

  • Started in:

    2014

  • Founders:

    Deepak Garg, Gazal Kalra

  • Industries:

    Automotive, Freight Service, Logistics, Shipping, Software, Transportation

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $268,701,256

  • Number of funding rounds:

    11

  • Number of investors:

    6

here

sennder

sennder

sennder is a digital freight-forwarding company that empowers commercial shippers to get their goods where they need to go, faster.

Details of the startup:

  • Valuation:

    $1.00

    B (

    January 2021

    )

  • Country:

    Germany

  • City:

    Berlin

  • Started in:

    2015

  • Founders:

    David Nothacker, Julius Koehler, Nicolaus Schefenacker

  • Industries:

    Freight Service, Industrial Automation, Logistics, Shipping

  • Number of employees:

    500-1,000

  • Funding Amount:

    $260,000,000

  • Number of funding rounds:

    7

  • Number of investors:

    16

here

YH Global

YH Global

YH Global provides comprehensive transport distribution solutions that enable cost savings, faster turnaround times, and improved efficiency. They have a full service logistics company that integrates all modes of transportation including air, sea, road, and rail to transport your goods worldwide.

Details of the startup:

  • Valuation:

    $1.00

    B (

    September 2017

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    1997

  • Founders:

    Zhang Quan

  • Industries:

    Automotive, Freight Service, Logistics, Supply Chain Management, Transportation

  • Number of employees:

    50-100

  • Funding Amount:

    $182,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    5

here
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