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 Tata 1mg, SkyEx, PDS Logistics, Xpress Bees, Jumbotail, and Tata Communications. Roadcast plans to expand rapidly across North America, Europe, and Africa, targeting delivery aggregators and logistics service providers.

Source link