FarEye Offers Zero-Fee Technology to Handle Surge and Execute Contactless Home Deliveries Amidst COVID-19

FarEye is offering its capabilities to Dr. Lal Path Labs, Future Group in India, 7-Eleven in Philippines and Posti Group in Finland

• Exploring synergies with More Retail in India, Mega Image in Romania and Konzum in Croatia among others

NEW DELHI, March 21, 2020 /PRNewswire/ -- To ensure seamless deliveries of groceries & daily essential items at every doorstep while maintaining social distancing amidst the COVID-19 pandemic, FarEye–predictive logistics platform, today announced that it will work with companies globally and equip them with its home delivery optimization software to handle surge in home deliveries with available drivers, quickly onboard part-time drivers and make deliveries contactless.

FarEye will provide its solution - FarEye SERVE, free of cost -

• To organizations making home deliveries of daily essential items- like groceries, food, medicines until June 30, 2020, and will continue supporting the cause til situation is better
• For all deliveries to hospital sites & for supply of food and medicines for non-government organizations that are responding to COVID-19 crisis until September 30, 2020
• The organizations can use this technology remotely and instantly by registering online

The pandemic combined with growing anxiety is adding tremendous pressure on delivery operations. While on one hand there is a major disruption in the supply chain, there is also a high variability in consumer demand. The increasing lockdowns are putting more pressure on home deliveries of essential goods as people are in social distancing and not going to the shops and malls. Retailers and delivery companies are struggling to scale their delivery operations and make grocery, sanitizers, medicines, food available for all.

"More than 219,000 cases of Coronavirus have surfaced globally and as a reaction, country-wide lockdowns are quickly expanding, triggering an avalanche of uncertainties about the future. Our hearts and prayers go out to those who have been impacted by the virus and hope for their speedy recovery. This pandemic has put a mandatory reset button on all of us and is pushing everyone to reflect and realize how everything is temporary and fragile. We want to lean in and do our bit by offering our optimization technology as a support to ensure seamless movement of essential goods in the midst of this crisis," says Kushal Nahata, CEO, FarEye.

"If you are a retailer of essential services, we understand that you are facing some tough times as the onus of making sure essential commodities reach your customers is your responsibility. We would like to help such retailers get better enabled to deal with business continuity. Our vision is to ensure nobody is deprived of essential supplies during these tough times," adds Nahata.

The offering, FarEye SERVE will allow partners to:

• Increase coverage and deliveries through intelligent routing
• Provide contactless deliveries through wallet-enabled app with no card and cash transactions
• Onboard temporary staff immediately
• Provide a smartphone app for drivers to ensure real-time communication with customers
• Remote instant go-live to commence operations

FarEye shall be on-boarding the businesses remotely and instantly and will offer services to businesses of any size, who are moving goods from stores to customers and hospitals where impacted patients reside.

Click here to know more: https://www.getfareye.com/fareye-fights-corona.php

About FarEye

FarEye is a ML-based predictive logistics platform for businesses to execute, track, collaborate, predict and optimize movement of goods. It has empowered global leaders like DHL, Amway, Walmart, Hilti among many others achieve growth, happier customers and higher margins.

It is one of India's fastest-growing start-ups with a 280% increase in ARR year on year. Clocking triple-digit revenue growth for the past 3 years, FarEye is now targeting a 325% growth in revenue this fiscal.

Since 2013, FarEye has matured into a well-acknowledged player facilitating over 10 million transactions per day across 20+ countries for more than 150 customers. The organization has received more than 12 Gartner mentions and 30+ awards. FarEye employs nearly 300 people and is certified as a great workplace by the Great Place to Work® organization, a global authority on building, sustaining and recognizing high-trust, high-performance culture at workplaces.

Hindustan Zinc Ltd. Partners with FarEye to build Industry’s 1st Digital Control Tower

India’s largest and the world's second-largest zinc-lead miner, Hindustan Zinc Limited (HZL) partners with FarEye, a SaaS based predictive logistics platform, to reduce dependency on manual processes, enhance logistics efficiency and mitigate risks.

HZL leveraged FarEye’s machine learning and IoT powered platform to drive actionable analytics around stakeholder and vehicle performance to better identify bottlenecks. This platform uses GPS and RFID technologies integrated with Transport Management System (TMS) and SAP ERP.

With this state-of-the-art Logistics Control Tower HZL is able to monitor and control more than 30,000 trips per month.

Sharad Gargiya, Chief Commercial Officer at Hindustan Zinc Limited, comments, “FarEye is enabling Hindustan Zinc to have control over more than 30,000 trips every month with zero manual intervention thus, enhancing the efficiency of our supply chain and operations. Its machine learning capabilities have been generating accurate ETAs for Hindustan Zinc’s customers. It also makes planning efficient routes easier."

The system is live across all legs of motion (plant, mines, smelters, ports, customers) and has been recently awarded the ‘Outstanding Digital Transformation in Supply Chain’ award at the Express Logistics & Supply Chain Conclave, 2019. 

Suryansh Jalan, President, FarEye Transportation says, “Ensuring 100% safety and compliances across all the vehicles become more complex as the number of vehicles, trips, and transporters increase. This is where FarEye’s Digital Control Tower (DCT) comes in. From monitoring and managing KPIs, running distributed exception handling, providing real-time visibility, to reducing logistics costs, DCT has empowered Hindustan Zinc to completely transform its logistics operations."

About FarEye

FarEye is a ML-based predictive logistics platform for businesses to execute, track, collaborate, predict and optimize movement of goods. It has empowered global leaders like DHL, Amway, Walmart, Hilti among many others achieve growth, happier customers and higher margins. 

It is one of India’s fastest-growing start-ups with a 280% increase in ARR year on year. Clocking triple-digit revenue growth for the past 3 years, FarEye is now targeting a 325% growth in revenue this fiscal. 

Since 2013, FarEye has matured into a well-acknowledged player facilitating over 10 million transactions per day across 20+ countries for more than 150 customers. The organization has received more than 10 Gartner mentions and 30+ awards. FarEye employees nearly 300 people and is certified as a great workplace by the Great Place to Work® organization, a global authority on building, sustaining and recognizing high-trust, high-performance culture at workplaces.

Top Image -

Team FarEye with key stakeholders from HZL team From (L-R)
Rohit Sarda- General Manager, Finance, Hindustan Zinc Limited
Ujjwal Vij- Customer Success Manager, FarEye
Chetan Trivedi- Chief Information Officer, Hindustan Zinc Ltd (Vedanta Resources Plc)
Ayush Sayal- Head of Technology, FarEye Transportation
Vikas Adlakha- Head, Logistics Re-engineering, Hindustan Zinc Limited
Sanjay Khanna- General Manager, Logistics at Vedanta Resources Plc

FarEye Launches AI-based Real-Time Dynamic Routing for On-Time Hyperlocal Deliveries for Shippers

Digital logistics platform, FarEye, has announced the launch of its AI-based real-time dynamic routing feature to empower on-time and cost-effective deliveries which will majorly impact the hyperlocal and grocery delivery industry that demands quick turn-around-time. FarEye helps shippers to reduce costs, improve service and drive innovation.

The technology empowers businesses to minimize empty mile journeys, eliminate vehicle idling time and optimize the productivity of delivery executives by assigning them highly efficient routes.

Inefficient route mapping, inability to deliver on time, poor productivity, increasing delivery costs, empty mile journeys, vehicle idling, and poor visibility has been weighing down the supply chain and logistics operations for a long time. FarEye’s real-time dynamic routing capabilities help enterprises by automatically dispatching on-demand orders. The orders are assigned based on capacity, driver proximity and service time constraints. It also ensures that ad-hoc delivery requirements and cancellations are met while keeping costs, SLAs and ETAs intact.

A key area where FarEye’s real-time dynamic routing makes a difference is fleet utilization. FarEye’s engine addresses the most exhaustive constraints that disrupt transportation operations. Some of these include driver-route mapping, pickup windows, delivery windows, no-entry time windows, tonnage, empty miles cost, running and waiting costs, etc. FarEye helped the world's largest pizza delivery chain to reduce delivery time by 27% and enabled the biggest logistics company to increase courier productivity by 15%.

“The food delivery market is on an exponential rise, with more than 2 million transactions made in a day in India alone. Globally, the online food delivery market is expected to reach US$ 112 Billion by 2023. In such a high growing landscape, businesses need real-time insights on routes, fleet productivity and ability to make changes on the go. Dynamic routing capabilities enable businesses to get more competitive by empowering them to deliver delightful customer experiences and boost profitability,” Kushal Nahata, CEO & Co-founder, FarEye.

FarEye is one of India’s fastest growing start-ups with a 280% increase in ARR year on year. Clocking triple-digit revenue growth since the past 3 years, FarEye is now targeting a 325% growth in revenue this fiscal. FarEye facilitates over 65 million transactions per day, enabling more than 150 enterprises across 20+ countries.

Key Benefits of FarEye’s Real-Time Dynamic Routing

• Increased visibility




• Reduce Empty miles and boost fleet productivity




• Optimize capacity utilization




• Ensure profitability per order




• Increase in on time deliveries and accurate ETAs




• Insights into route wise performance




• Greater delivery scalability

SaaS-based Logistic Firm FarEye Acquires Dipper, An IoT-Driven Trucking Startup

Delhi-headquartered SaaS-based logistics firm FarEye has announced the acquisition of Delhi-based startup Dipper Technologies, an Internet of Things (IoT) platform that offers online marketplace to connect trucks (load seekers) with load (load owners).

The financials of acquisition deal were remain undisclosed however.

Founded in 2015 by Ayush Syal (IIT-Guwahati) and Suryansh Jalan (NIT-T), Dipper is an IoT-enabled online platform for freight logistics that has created a digital ecosystem connecting all relevant stakeholders on one platform platform providing visibility and predictability in freight movement. The startup had raised single round of funding from angel investor(s) in June 2016, according to data by Crunchbase.

According to Dipper's Linkein company page, it currently digitalises movement of over 1.25 Lakh tons/month of material, processes over 6 million location pings daily, has 5+ TMS integrations and 10+ 3rd party hardware integrations including partnerships with several OEMs like TATA Motors, Mahindra, etc

Post acquisition of Dipper, its co-founder Suryansh Jalan is now President of Transportation at FarEye.

FarEye, which was also founded in 2015, is a last mile SaaS-based delivery platform, servicing over 100 customers across five continents. The company has got backing from eminent investors including DHL, Indian Angel Networks and SAIF Partners, among others.

"We are now headed towards digitalising India's transportation industry and improve it to ensure on-time deliveries with reduced cost of goods movement," said Kushal Nahata, Co-founder and CEO of FarEye.

The acquisition of Dipper Technologies is in line with FarEye's growth plans to solve challenges for long-haul and multi-modal logistics.

"Shippers are losing a lot of time, money and inventory due to unpredicted freight movement. India spends about $160 billion on road logistics, twice compared to countries with an efficient transportation infrastructure," Nahata said.

"The Dipper team understood the problem really well and this understanding coupled with a very passionate team and a strong product supplemented FarEye's existing strength in supply chain industry technology," he added.

One of the biggest problems in road transportation is lack of data because of fragmented industry with multiple stakeholders. Dipper provides a solution by using a mix of IoT devices, SIM cards, smartphones and its wide network of IoT/ERP (enterprise resource planning) providers.

The location data (received from IoT ecosystem) is fed into FarEye's Machine Learning platform that then predicts estimated time of arrival in long-haul movements by learning the delays at tolls and terrains.

"We are now a strong team of 200, consulting more than 100 customers -- targeting the trillion dollar logistics and supply chain industry, globally," Nahata said.

FarEye Raises $3.5M in Series A Funding Round from Saif Partners

FarEye, India’s leading Logistics Management Software, today announced it has just completed its Series A round of funding and has raised $3.5 million (20 crores INR) as growth funds from Saif Partners known for supporting visionary entrepreneurs across the globe.

The funds raised are purely growth funds and this amount will be used for business expansion to other territories. FarEye wants to capitalize on their logistics management expertise and help enterprises across the globe streamline their logistics. FarEye is  a productivity tool for enterprises as well as the workforce - FarEye has a strong road-map of product enhancement for next 12 months and adding new features regularly. They plan to integrate with IoT platforms & drones to enable automated delivery.

Commenting on the company’s vision, Mr. Kushal Nahata, Co-founder said “We are profitable B2B startup and believe in organic growth. Our vision is to create a global technology company which stays for decades. We might take time to understand but would like to build things to last long. We are in the path of  revolutionizing the entire delivery mechanism by creating the largest virtual network of delivery workforce across regions. Plagued by operational inefficiencies and high costs, the $60,000 billion logistics industry provides a huge opportunity to FarEye. We are here to streamline logistics in all the industry verticals.”

Established in 2013 by Kushal Nahata, Gaurav Srivastava and Gautam Kumar, FarEye was launched with an aim to solve the complicated last mile delivery issues on a mobile platform. The aim of FarEye was to solve the critical problems faced by any business - real time coordination between employees on the go, job execution and customer requests; by moving operations on a mobile. Through FarEye’s automation software companies can schedule & dispatch jobs, monitor execution and analyze performance; all in real time – making enterprises more effective and streamlined. With this FarEye helps companies in selling the experience and not just the product.

With successful use cases for Warehousing, First Mile Pick-Up, Milk Runs, On-demand/Hyperlocal solution, Last Mile Delivery and Reverse pick-ups (90-min & non-time bound) FarEye has become the trusted end-to-end mobility solution for logistics & supply chain leaders. On an average FarEye has been able to increase first time successful job attempts by 22% and save 2.3 man –hours per employee per day.

Mr. Gautam Kumar, Co-Founder, FarEye further adds "We don’t believe ‘one solution fits all’ mantra – we believe that each client has unique requirements and should be provided with a tailor – made solution to address critical operational challenges. In today’s digital age where brand loyalty is redundant, we ensure that our customers deliver on-time commitment and provide exemplary services to their end customer.”

According to the Mr. Gaurav Srivastava, CTO & Co-Founder “It is a known fact that logistics is both- the key to success and cause for failure. We understood that logistics segment required streamlining and restructuring to cater to the ever-growing e-commerce segment in India. Having foresight at that time, we decided to focus on logistics management with technology rather than logistics infrastructure. Business growth in the logistics sector would directly relate to improved service delivery and customer satisfaction across businesses.”

FarEye is headquartered in New Delhi and is trusted by over 75 clients ranging from the exclusive e-commerce solution providers like Ecom express, Gojavas, Holisol etc to the traditional behemoths like DTDC, Blue Dart, Safe Express, Bajaj Capital, Hitachi etc.  Globally FarEye has been able to leave its mark by optimizing and automating logistics operations for companies like Zalora, ACommerce, Sephora, MarkaVIP etc in South East Asia and Middle East. Currently, it has a team of 30 and they plan to expand the team for sales, delivery & product and would reach a number of 60 in next few months.

Image Source: ShutterStock

Delhi-startup Fareye raises Rs 2 crore funding from Indian Angel Network

Delhi-based startup Fareye has raised Rs 2 crore from Indian Angel Network. IAN investors, Nitin Jain and Piyush Chawla led the investment round in the start-up. Jain and Chawla will also join the Fareye board, said a statement. Fareye is company which built India's first Desi GPS based vehicle security device.

Fareye will use the investment primarily for three things - upgrade sales, enable aggressive client acquisition and product development. "We plan to improve our technology focus so that we can operate on a bigger scale and employ the right talent to help us achieve the goals that we have set up for ourselves," said Kushal Nahata, co-founder of Fareye.

Fareye (pronoounced as 'far eye') offer products like GPS Vehicle tracking system. It gives you a web based, centralize tracking tool to keep track of your personal vehicle/fleets. Ignition alerts and anti-theft SMS alerts are amongst the most popular features of FarEye. FarEye provides comprehensive mapping and reporting capabilities allowing fleet owners to compare their business expectations against actual business events for more effective operational management, saving time and money.

FarEye provides you the exact location of your personal vehicle or fleets on the map along with information's like ignition status, distance, speed, fuel levels, ac status, etc. every 20 seconds. Customers can check status using our Mobile Application, through our website or via SMS.

Fareye is child company of RoboticWares Pvt. Ltd estabilished in 2009 by Gaurav Srivastava, Gautam Kumar, and Kushal Nahata. RoboticsWares is a registered incubatee at KIIT - Technology Business Incubator situated at KIIT University, Bhubaneswar supported by National Science & Technology Entrepreneurship Development Board, Department of Science and Technology, Government of India.

RoboticWares own all IP rights and copyrights of the hardware design, software and firmware. RoboticWares is the only Indian company to design, develop and and manufacture GPS tracking system, indigenously in India.

RoboticWares was awarded a position on the Top 75 start-ups of India by MIT, America for the year 2009-10 and is one of the fastest growing technology solutions company in South Asia.

Gautam Kumar, one of the chief Trainers and a founder member of RoboticWares was awarded the Social Innovator of the Year (India) by Massachusetts Institute of Technology, US. He received this honor for innovating LPG gas detection system that senses LPG leakages and sends SMS alert to people connected with the device.