SaaS Platform Roadcast Secures $ 2 Mn Funding from Jubilant FoodWorks

Roadcast, an end-to-end supply chain management solutions provider closed its latest round of funding with an investment of USD 2 million by Jubilant FoodWorks.

Founded in 2015 by Vishal Jain, Anshul Jain, and Rahul Mehra, the Delhi-based SaaS company is a technology provider for logistics enterprises. Being an industry agnostic company, Roadcast helps businesses across industries by providing them with a robust, scalable and cost-effective solution to automate operations. The company has a strong presence not only in India but also overseas. It caters to clients in Qatar, Oman, UAE, Saudi Arabia, UK et al. With a strong team of 65, the company caters to both incumbent and promising startups.

With the same leadership at the helm, Roadcast will focus on global expansion and hiring the relevant talent to build the right framework for expansion and growth. Money will also go towards investing in AI and analytics advancements to further the logistics vertical. “We are thrilled with the faith that Jubilant FoodWorks has shown in the company. We believe logistics is one of the fastest-growing sectors globally. With the right support we can ace and innovate the technological advancements in the sector thus, helping commerce all over the world.”, shared Vishal Jain, Co Founder, Roadcast

About Roadcast Tech Solutions:

Roadcast, an end-to-end supply chain management solutions provider, was found in 2015. Vishal Jain, Anshul Jain, and Rahul Mehra started this Delhi-based SaaS company as a technology provider for logistics enterprises. Roadcast’s technology can be applied to businesses offering food delivery, logistics & transportation, electric mobility, and courier & parcel delivery. Roadcast is one of the only technology enterprises that provides a highly comprehensive platform that combines the power of IoT for vehicle tracking and a seamlessly connected driver application for delivery uberization.

Roadcast’s technology has been implemented at the intersection of 3 major global investment verticals, last-mile hyperlocal delivery, vehicle fleet management, and e-commerce logistics. In over 7 years of operation, Roadcast has already build a highly scalable and affordable solution by aiding businesses in delivery management of over 40,000 drivers and fleet connectivity of over 1,50,000 vehicles 300 enterprises across 50 cities and 7 countries including UAE, UK, Qatar, Oman, Sri Lanka, and Indonesia.

Roadcast helps delivery based businesses by providing them with a robust, scalable and cost-effective solution to automate operations. It’s Delivery and Order Management Software offers enterprises a reliable platform with information such as pick-up & delivery scheduling, image recognition, auto-route optimization, audio/video surveillance, distance to recipient, estimated time of arrival and more. With everything that Roadcast offers, customers build fast growing delivery teams that can be remotely managed along with cost optimisation across various work-flows.

Their clients range from Udaan, Gro Fleet, Bylane Logistic, Netlink, Hero Lectro, Zyngo, and Foodak among others while the future holds more potential engagements with companies like , SkyEx, PDS Logistics, Xpress Bees, and Jumbotail. Roadcast plans to expand rapidly across North America, Europe, and Africa, targeting delivery aggregators and logistics service providers.

Delhi-based Vehicle Tracking Startup Roadcast Raises $250,000 from HNIs

Delhi-based Roadcast, an online vehicle tracking platform, has raised $250,000 in an angel round of funding from high-net worth individuals (HNIs) from the United Arab Emirates, reported Business Standard. The startup however did not disclose the investors' names.

Roadcast, which is a GPS based real-time tracking platform with numerous tools such as fleet management and asset monitoring, will use the funds to expand its operations across major cities in India, while focusing on states like Punjab, Rajasthan, Madhya Pradesh, Maharashtra, Uttar Pradesh and Gujarat. It will also use the money to expand its R&D programme, hiring technology talent and building infrastructure for its operations.

Founded in 2015 by Rahul Mehra, Vishal Jain and Anshul Jain, Roadcast provides end-to-end supply chain management solutions to its customers to help them monitor and manage vehicles and field staff in real-time, which in turn helps its customers optimise resources and cut down costs.

The startup also plans to venture out to the middle-east soon and provides services to companies such as Toyota, Hyundai and 3S healthcare.

For unawares, the startup has recently teamed up with the Delhi Police to manage their entire police fleet movement and equip the force’s vehicles with the latest communication and tracking devices.

According to a Gartner report, the supply chain management (SCM) market exceeded $13 billion in total software revenue in 2017, up 11 percent from 2016. It is on pace to exceed $19 billion by 2021, as software as a service (SaaS) enables new revenue opportunities.

Few days back, in a big relief to logistics companies in India, government has significantly addressed concerns of e-commerce logistics, courier, cargo companies and startups, especially regarding generation of e-way bills.

Last month, FourKites, a predictive supply chain platform based out of Chicago with office in Chennai raised $35 million in Series B funding round led by August Capital. Delhi-based logistics management startup FarEye also raised Rs 61.53 crore ($9.56 million) from Singapore-based 23i Pvt. Ltd.

According to audit firm KPMG, the size of India’s e-commerce focussed logistics sector is estimated to expand to about $2.2 billion by 2020, from about $460 million in 2016. The growth of India’s ecommerce sector, projected to reach $80 billion by 2020, hinges on e-commerce focussed logistics, a critical factor in driving differentiation and customer satisfaction.

Delhi-based Vehicle Tracking Startup Roadcast Raises $250,000 from HNIs

Delhi-based Roadcast, an online vehicle tracking platform, has raised $250,000 in an angel round of funding from high-net worth individuals (HNIs) from the United Arab Emirates, reported Business Standard. The startup however did not disclose the investors' names.

Roadcast, which is a GPS based real-time tracking platform with numerous tools such as fleet management and asset monitoring, will use the funds to expand its operations across major cities in India, while focusing on states like Punjab, Rajasthan, Madhya Pradesh, Maharashtra, Uttar Pradesh and Gujarat. It will also use the money to expand its R&D programme, hiring technology talent and building infrastructure for its operations.

Founded in 2015 by Rahul Mehra, Vishal Jain and Anshul Jain, Roadcast provides end-to-end supply chain management solutions to its customers to help them monitor and manage vehicles and field staff in real-time, which in turn helps its customers optimise resources and cut down costs.

The startup also plans to venture out to the middle-east soon and provides services to companies such as Toyota, Hyundai and 3S healthcare.

For unawares, the startup has recently teamed up with the Delhi Police to manage their entire police fleet movement and equip the force’s vehicles with the latest communication and tracking devices.

According to a Gartner report, the supply chain management (SCM) market exceeded $13 billion in total software revenue in 2017, up 11 percent from 2016. It is on pace to exceed $19 billion by 2021, as software as a service (SaaS) enables new revenue opportunities.

Few days back, in a big relief to logistics companies in India, government has significantly addressed concerns of e-commerce logistics, courier, cargo companies and startups, especially regarding generation of e-way bills.

Last month, FourKites, a predictive supply chain platform based out of Chicago with office in Chennai raised $35 million in Series B funding round led by August Capital. Delhi-based logistics management startup FarEye also raised Rs 61.53 crore ($9.56 million) from Singapore-based 23i Pvt. Ltd.

According to audit firm KPMG, the size of India’s e-commerce focussed logistics sector is estimated to expand to about $2.2 billion by 2020, from about $460 million in 2016. The growth of India’s ecommerce sector, projected to reach $80 billion by 2020, hinges on e-commerce focussed logistics, a critical factor in driving differentiation and customer satisfaction.

Meet Roadcast - A Two-Way Tracking App To 'Live-Broadcast' Your Travel Movement

Whenever on your way, how any times have people asked you "Kahan pahunche?". We are sort of an impatient lot and get very anxious while waiting and want constant updates on where the other person is at any point in time. This app is the solution to those nagging calls and messages when on your way with a very simple too to help you out.

THE IDEA

RoadCast is your solution to your travel problem of being bombarded with phones and messages asking about your whereabouts. It is the only two-way tracking platform that is transforming the travel experience for people by connecting them to others. Multiple users can connect simultaneously to their mobile devices and allow instant access to their journey, making it easy to follow each other & let others experience their journey in real-time.

MEET THE MAKERS

The co-founders of the startup are Rahul Mehra, Vishal Jain & Anshul Jain.

Vishal Jain heads the operations and is a chartered accountant by profession & has a strong background in finance with an experience of over 10 years.

 Rahul Mehra, the young talent, who studied mechanical engineering & was formerly working with Ogilvy & Mather as an Art Director, has an expertise in design & technology. He is the face & the main brain behind the branding & communication for the company.

Anshul Jain, who is an IT expert has over 10 years of experience in software development, is the backbone of the technology development for RoadCast

How Roadcast Is Different -

They have a twofold advantage in the market that gives them the edge over others. When it comes to B2C, they are the only two-way tracking solution available for consumers, there is no other such service available in the market as of now.  And if we talk of B2B, again they have a monopoly, as they are the only mobile based solution available for businesses and there is no one to challenge them.

FUNDING

They are currently in the bootstrapped phase.

TARGET MARKET

RoadCast caters not just to individual travels on their way but it also provides a similar service to corporates with its commercial tools for businesses that deal in logistics and transport to track vehicles and employees & schools to track their school transport & allow access to parents for their convenience. Essentially, RoadCast not only lets people share their journeys in real-time with their friends but is also a great tool to make group travel & individual travel safer, more organized & convenient.

PLAN OF ACTION

They have already reached about 1000 downloads on both Android and Apple store. In the B2B market, the company has already joined hands with big brands like Agarwal Packers & Movers, Incessant Strategic Research Firm – the consulting company for Glaxo Smith Klein, Westech Securities Pvt. Ltd. – a New Delhi-based security agency, to name a few & has various big NCR based schools as their prospective clients.
With Roadcast, their aim is to create a one of it’s kind Social Travel app for sharing travel stories & journeys. Share routes, itineraries, pictures, live video streams, blogs & much more.

Meet Roadcast - A Two-Way Tracking App To 'Live-Broadcast' Your Travel Movement

Whenever on your way, how any times have people asked you "Kahan pahunche?". We are sort of an impatient lot and get very anxious while waiting and want constant updates on where the other person is at any point in time. This app is the solution to those nagging calls and messages when on your way with a very simple too to help you out.

THE IDEA

RoadCast is your solution to your travel problem of being bombarded with phones and messages asking about your whereabouts. It is the only two-way tracking platform that is transforming the travel experience for people by connecting them to others. Multiple users can connect simultaneously to their mobile devices and allow instant access to their journey, making it easy to follow each other & let others experience their journey in real-time.

MEET THE MAKERS

The co-founders of the startup are Rahul Mehra, Vishal Jain & Anshul Jain.

Vishal Jain heads the operations and is a chartered accountant by profession & has a strong background in finance with an experience of over 10 years.

 Rahul Mehra, the young talent, who studied mechanical engineering & was formerly working with Ogilvy & Mather as an Art Director, has an expertise in design & technology. He is the face & the main brain behind the branding & communication for the company.

Anshul Jain, who is an IT expert has over 10 years of experience in software development, is the backbone of the technology development for RoadCast

How Roadcast Is Different -

They have a twofold advantage in the market that gives them the edge over others. When it comes to B2C, they are the only two-way tracking solution available for consumers, there is no other such service available in the market as of now.  And if we talk of B2B, again they have a monopoly, as they are the only mobile based solution available for businesses and there is no one to challenge them.

FUNDING

They are currently in the bootstrapped phase.

TARGET MARKET

RoadCast caters not just to individual travels on their way but it also provides a similar service to corporates with its commercial tools for businesses that deal in logistics and transport to track vehicles and employees & schools to track their school transport & allow access to parents for their convenience. Essentially, RoadCast not only lets people share their journeys in real-time with their friends but is also a great tool to make group travel & individual travel safer, more organized & convenient.

PLAN OF ACTION

They have already reached about 1000 downloads on both Android and Apple store. In the B2B market, the company has already joined hands with big brands like Agarwal Packers & Movers, Incessant Strategic Research Firm – the consulting company for Glaxo Smith Klein, Westech Securities Pvt. Ltd. – a New Delhi-based security agency, to name a few & has various big NCR based schools as their prospective clients.
With Roadcast, their aim is to create a one of it’s kind Social Travel app for sharing travel stories & journeys. Share routes, itineraries, pictures, live video streams, blogs & much more.