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.
.png){kind=small}
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
