About Logistics Tech sector in Mumbai, India
The Logistics Tech sector in Mumbai, India comprises 375 companies, including 76 funded companies having collectively raised $403M in venture capital money and private equity. Out of these, 21 are Series A+ funded.
Logistics Tech sector in Mumbai, India has seen 8 acquisitions and 2 IPOs.
This sector includes tech companies providing or facilitating movement or storage of goods or offering software solutions for managing logistics operations.
Tech-first companies in logistics providing or enabling, matching of load and movement or storage of goods (local delivery services, marketplaces). It also includes companies offering technology solutions to businesses for optimizing and managing overall logistics activities. (Delivery Management software, TMS, WMS, Analytics, etc). Traditional players like UPS, FedEx, DHL, etc which were predominantly offline but now have incorporated technology in their business and other offline players are excluded.
Top Logistics Tech Companies in Mumbai, India
There are 375 Logistics Tech startups in Mumbai, India which include Freight Tiger, GreenLine, Borzodelivery, Oorjaa, ShipWaves. Out of these, 76 startups are funded, with 21 having secured Series A+ funding.
2026 has seen the creation of 1 Logistics Tech startup in Mumbai, India. Over the past 10 years, an average of 15 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Bombay, BITS Pilani and Carnegie Mellon University.
Here is the list of top Logistics Tech startups in Mumbai, India
Provider of a digital freight network and transportation management system. The platform connects stakeholders, including plants, branches, logistics service providers, and consignees, providing a single source of information. It facilitates operations across the entire freight lifecycle, from planning and truck placement to delivery tracking and invoicing. The system integrates with existing enterprise resource planning and telematics software. It offers visibility, analytics, and efficiency for freight operations.
Key facts about Freight Tiger
- Founded Year: 2014
- Location: Mumbai (India)
- Stage: Acquired
- Total Funding till date: $57.7M
- Investors: Tata Motors, Enam Holdings and 53 Others
- Latest Funding Round: Series C, Sep 30, 2025, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 4 of 2,094 Competitors
2. GreenLine
Provider of sustainable transportation solutions using lng powered trucks and natural gas pipelines. It offers clean freight transportation services,decarbonizing heavy trucking logistics for corporate clients. They provide access to natural gas to off grid locations enabling esg compliance. Its solutions aim to reduce emissions from road logistics and improve esg performance for industries.
Key facts about GreenLine
- Founded Year: 2021
- Location: Mumbai (India)
- Stage: Series A
- Total Funding till date: $32M
- Investors: Golden Merchandisers, Nk Enterprises Holding and 5 Others
- Latest Funding Round: Series A, Mar 28, 2025, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 1 of 25 Competitors
Network of couriers providing on-demand, same-day parcel delivery services. The company facilitates item pickup and delivery through its application and website. It offers options such as scheduled, next-day, and same-day delivery. The company provides features like package tracking, branded SMS updates, and support services.
Key facts about Borzodelivery
- Founded Year: 2016
- Location: Mumbai (India)
- Stage: Series C
- Total Funding till date: $94M
- Investors: Mubadala, VNV Global and 7 Others
- Latest Funding Round: Series C, Aug 30, 2021, $*****
- Tracxn Score: 63/100 What is this?
- Competitors Rank: 1 of 85 Competitors
4. Oorjaa
Intra-city and mid-mile logistics solutions. It leveraged advanced technology for optimized route planning, intelligent routing, real-time tracking, and comprehensive delivery management, increasing efficiency and reducing costs for businesses in sectors such as e-commerce, quick commerce, telecommunications, and wholesalers. It promotes the use of electric vehicles and efficient logistics strategies to reduce the carbon footprint.
Key facts about Oorjaa
- Founded Year: 2021
- Location: Mumbai (India)
- Stage: Seed
- Total Funding till date: $3.22M
- Investors: Inflection Point Ventures, Beacon Trusteeship and 103 Others
- Latest Funding Round: Seed, Oct 24, 2024, $*****
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 1 of 83 Competitors
5. ShipWaves
Shipwaves is an online aggregator of international shipment service provider and lets the user get quotes and make booking of ocean freight/containers. Has partnered with inland trucking and insurance providers. Provides real time tracking, shipment history, credit lending etc. Also offers air freight, container booking, marine insurance. Part of Silkwinds
Key facts about ShipWaves
- Founded Year: 2015
- Location: Mumbai (India)
- Stage: Public
- Tracxn Score: 58/100 What is this?
- Competitors Rank: 10 of 1,510 Competitors
Companies founded year-on-year in the Logistics Tech sector in Mumbai
1 new startup has been founded so far in 2026 in the Logistics Tech sector in Mumbai. 31 Logistics Tech startups in Mumbai were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 1 |
2025 | 5 |
2024 | 4 |
2023 | 12 |
2022 | 15 |
2021 | 30 |
2020 | 21 |
2019 | 31 |
2018 | 12 |
2017 | 25 |
Stage-wise distribution of Logistics Tech sector companies in Mumbai
Out of the total 375 Logistics Tech companies in Mumbai, 76 have secured funding. Among them, 21 have reached Series A or higher, and 13 to Series B or beyond.
Founded - 375
Funded - 76
Series A+ - 21
Series B+ - 13
Series C+ - 12
Company Stage | No. of companies |
|---|---|
Founded | 375 |
Funded | 76 |
Series A+ | 21 |
Series B+ | 13 |
Series C+ | 12 |
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Funding Trends in the Logistics Tech sector in Mumbai
Total funding year-on-year in the Logistics Tech sector in Mumbai
The Logistics Tech sector in Mumbai saw a total funding of more than $386M in the last 10 years. The most amount of funding was in 2022 at more than $73.7M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $58.5M |
2024 | $23.3M |
2023 | $39.6M |
2022 | $73.7M |
2021 | $58.5M |
2020 | $39.6M |
2019 | $44.5M |
2018 | $21.4M |
2017 | $20M |
Recent Funding Rounds in Logistics Tech in Mumbai
In the year 2025, till November 2025, Logistics Tech companies in Mumbai have raised $58.5M in equity funding across 8 rounds.
In the same period last year (i.e. till October 2024), Logistics Tech companies in Mumbai had raised $23.3M across 8 rounds.
So, 2025 has seen a 151.31% rise in funding in Logistics Tech companies in Mumbai as compared to 2024.
Here are some recent, important funding rounds in Logistics Tech companies in Mumbai:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 7032 | Nov 20, 2025 | ||
Seed | 3521 | Oct 11, 2025 | - | |
Series C | 8638 | Sep 30, 2025 | ||
Angel | 4560 | Jun 06, 2025 | ||
Angel | 3423 | May 19, 2025 |
Top Investors in Logistics Tech in Mumbai
Alteria Capital is the top investor in Logistics Tech companies in Mumbai based on number of companies invested.
Here are some top investors in Logistics Tech companies in Mumbai:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Mumbai (India) | ||
London (United Kingdom) | - | |
Gurugram (India) | ||
Mumbai (India) | - | |
Mumbai (India) |
M&A activity in Logistics Tech sector in Mumbai
In the year 2026, till May 2026, 1 acquisition happened in Logistics Tech sector in Mumbai. Last year, in 2025, a total of 1 acquisition happened in Logistics Tech sector in Mumbai.
Here are some recent, important acquisitions in Logistics Tech sector in Mumbai:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | May 15, 2026 | ||
Business Acquisition | Nov 22, 2025 | ||
Business Acquisition | Jan 14, 2022 | ||
Business Acquisition | May 10, 2021 | ||
Acqui-Hired | Mar 05, 2021 |
Acquisition trends in Logistics Tech sector in Mumbai
Here are the acquisition trends in Logistics Tech sector in Mumbai:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 1 |
2025 | 1 |
2024 | - |
2023 | - |
2022 | 1 |
2021 | 2 |
2020 | - |
2019 | 1 |
2018 | - |
2017 | - |
IPOs in Logistics Tech in Mumbai
In the year 2026, till February 2026, 1 IPO happened in Logistics Tech sector in Mumbai.
Here are some recent, important IPOs in Logistics Tech sector in Mumbai:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Feb 24, 2026 | Bombay Stock Exchange (BSE) | |
Dec 17, 2025 | Bombay Stock Exchange (BSE) |
Colleges which produce the most Logistics Tech companies in Mumbai
Companies founded by alumni from top colleges in the Logistics Tech in Mumbai
Most number of Logistics Tech startups in Mumbai have been founded by alumni from IIT Bombay, BITS Pilani and Carnegie Mellon University.
College | No. of companies |
|---|---|
IIT Bombay | 9 |
BITS Pilani | 5 |
Carnegie Mellon University | 5 |
IIT Kharagpur | 5 |
IIM Bangalore | 4 |
IIT Delhi | 4 |
IIM Ahmedabad | 3 |
IIT Kanpur | 3 |
Booth School of Business | 2 |
IIM Calcutta | 2 |
Total funding in Logistics Tech companies founded by alumni from top colleges in Mumbai
In the last 10 years, IIT Kharagpur graduates' Logistics Tech companies in Mumbai have raised the most funding among top colleges. S P JAIN School Of Global Management alumni are second, and Harvard Business School alumni are third.
College | Total Funding |
|---|---|
IIT Kharagpur | $82.6M |
S P JAIN School Of Global Management | $80.2M |
Harvard Business School | $57.7M |
Harvard University | $57.7M |
Carnegie Mellon University | $50.1M |
University of Delhi | $19.2M |
IIT Bombay | $10.4M |
IIM Calcutta | $7.12M |
Indian Institute Of Management–Lucknow | $7.12M |
Singapore Management University (SMU) | $4.88M |
Top News in Logistics Tech in Mumbai
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Borzo Launches an innovative and convenient “End-of-Day” Delivery Service for Cost-Effective LogisticsBusinessnewsthisweek•Feb 04, 2025•Borzodelivery
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GreenLine partners with Flipkart to power greener supply chainsLivemint•Dec 02, 2024•GreenLine, Flipkart
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Flipkart joins hands with GreenLine to promote eco-friendly supply chainsConstructionWeekonline.in•Dec 02, 2024•GreenLine, Flipkart
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LogiNext Achieves the Guinness Book of World Records for the Largest Gen AI Hackathon in the worldBusinessnewsthisweek•Oct 30, 2024•LogiNext
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Borzo appoints Alina Kisina as the Chief Executive Officer to strengthen Global Delivery GrowthOnline Media Cafe•Jun 24, 2024•Borzodelivery
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Emiza strengthens its nationwide network with 27th warehouse in MumbaiConstructionWeekonline.in•May 13, 2024•Emiza
