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.
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.
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
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
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
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
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
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
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
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
