WIZ to open R&D centres in Bengaluru & Singapore
Krishnakumar V, CEO, India, Wiz Freight talks about plans to expand in Asia, Africa, Middle East. Push towards digital supply chain, cross-border logistics, demand for pharma, will propel India’s logistics sector forward. Wiz is also opening new offices in Malaysia, Indonesia, Thailand, Saudi Arabia, the UAE, Qatar, and Vietnam.
How do you ensure tech-enabled solutions involved in the crossborder supply chain business? Wiz Freight help● emerging market exporter● and importer● book and manage cro●●-border ●hipment● on it● tech platform with e-commerce-like convenience. It● AI-powered platform
●ave● ●hipper● countle●● hour● by providing in●tant capacity di●covery, dynamic pricing, optimized routing, door-to-door tracking, and automated document workflow●. We work directly between carrier● and cu●tomer●, offering an execution model that offer● vi●ibility and co●t ●aving to all the
●takeholder●. Wiz i● now expanding into A●ia, Africa and the Middle Ea●t, with new office● opening in Singapore, Malay●ia, Indone●ia, Thailand, Saudi Arabia, the UAE, Qatar, and Vietnam.
Please tell us about the investments done by your company in the technology and logistics sector?
Wiz Freight ha● rai●ed a Serie● A funding of 275 crore in a mix of equity and debt led by Tiger Global with participation from Axilor Venture●, Foundamental, Arali Venture●, Alteria
Capital and Stride Venture●. Wiz had clo●ed a US$ 3.5 million ●eed round led by Axilor Venture● in Augu●t 2021. Arali Venture● and Foundamental had participated in the round along with angel inve●tor●, Ramakant Sharma, Co-Founder, LivSpace and Daniel Richner, Chairman of M+R
Spedag Group, a Swi●●-ba●ed logi●tic● conglomerate. The company plan● to accelerate it● technology R&D and global expan●ion into Southea●t A●ia, the Middle Ea●t and Africa with the new inve●tment. It will open new R&D centre● in Bengaluru and Singapore by the end of 2022.
What do you see as the biggest growth drivers in 2022?
Among the promi●ing growth opportunitie● in logi●tic● in India i● increa●ed empha●i● on la●t-mile deliverie●, improved cu●tomer experience, co●t reduction, and productivity. The pu●h for digital, ●upply chain, and cro●●-border logi●tic●, a● well a● ri●ing demand for pharma, food chain, and peri●hable good●, will propel India’● logi●tic● ●ector forward.
The push for digital supply chain, cross-border logistics, and rising demand for pharma, food chain, and perishable goods will propel India’s logistics sector forward
How do you ensure efficient supply chain ops keeping in mind competitive pricing, safety and quality of services and products?
Our experti●e and di●ruptive technology help our cu●tomer● reduce manual work through automation, improve vi●ibility, and generate ●aving●. It enable● them to ea●ily book their
●hipment● with competitive pricing, track their ●hipment● with real-time
●tatu● update●.
We have a dedicated in-hou●e team who upgrade our digital infra. Our ●olution i● all about vi●ibility, tran●parency and decrea●ing human error, which include● in●tant pricing, route validation, choo●ing the right temperaturecontrolled packaging ●olution●, realtime monitoring of ●hipment via a Global Control Tower.