Delhivery launches innovation lab, invites startups for its first cohort

Delhivery launches innovation lab, invites startups for its first cohort
Photo Credit: 123RF.com

Delhi-based logistics and supply chain solutions provider Delhivery has partnered with Startup Réseau, a specialised operator of industry-backed accelerator programmes, to launch the Delhivery innovation lab.

The Mumbai-based Startup Réseau has built the innovation lab in collaboration with Delhivery to develop smart solutions in the logistics sector.  

The lab will utilise the startup community in India to build logistics and supply-chain related solutions.

Delhivery said that it is now inviting applications for its inaugural cohort, expected to go live in November 2021.  

“We work with multiple partners, to leverage their products and prototypes to improve our systems. This accelerator programme will make this process structured and open to a large community of tech entrepreneurs,” Kapil Bharati, co-founder and chief technology officer, Delhivery, said.   

Bharati added that the solutions that will be built will be focused on latest technologies such as machine learning, Internet of Things, artificial intelligence, machine vision and a host of pre-defined business cases.  

“We have identified key business areas in which we are looking for solutions that are pilot-ready. We aim to discover interesting tech solutions for the logistics and supply chain industry,” Ajay Ramasubramaniam, founder and CEO, Startup Réseau, said. 

The innovation lab will enable technology partnerships, proof-of-concept development with startups and other strategic alliances.  

Earlier this month, Delhivery had raised over $75 million in funding from Lee Fixel’s venture capital firm Addition.

This is said to be Addition’s second reported transaction in India.

Last September, it had placed its debut bet on location-based social network Public App, which was launched by English news aggregator Inshorts.    

In another move, Delhivery, in late August, had also acquired its Bengaluru-based competitor Spoton Logistics for a sum of $234 million.    

Delhivery is expected to make its public market debut before March 2022.