Shipper / Consigner
Logistics Partners
Quick Commerce
eCommerce
Retails & FMCG
Manufacturing (B2B)
Food and Grocery
Pharmaceuticals (B2B & B2C)
Hospitality & Restaurant Chains
Courier
Founding Principles
Addup Networks was born from the aspiration to create an open tech stack for the supply chain sector. Motivated by the high logistics costs affecting retail products, the company envisioned a SaaS ecosystem that would unite supply chain players, improving efficiency and reducing costs. This ambition was driven by the belief that technological collaboration is key to enhancing the flow of goods and services, ultimately benefiting the end customer.
Key Milestones and Achievements
Since its inception, Addup Networks has continually evolved, marking significant milestones in its journey:
Feb’2022: Introduction of a Java-based backend and React/Android frontend Transport Management System, integrating with various eCommerce platforms.
July’2022: Expansion into middle mile logistics with part and full truckload modules.
July’2023: Launch of a hyperlocal module for same-day delivery and intracity services.
Jan’2023: Development of a Warehouse Management System, enhancing warehousing and shipping capabilities.
Oct’2023-Onwards: Creation of an API tech stack for an aggregation service, aiming for completion by Jan’2024.
These milestones showcase Addup Networks’ commitment to developing a comprehensive tech stack catering to every step of the supply chain.
Overcoming Initial Challenges
The journey wasn’t without challenges. Initial hurdles included client acquisition and creating a steady revenue stream. Leveraging the founder’s network and industry contacts proved crucial in overcoming these obstacles. However, scaling up lead generation and conversion remains a focus area for future growth.
Evolving Services and Market Adaptation
Addup Networks has continuously adapted its services to meet market demands, expanding from a basic Transport Management System (TMS) to advanced warehousing solutions. The ongoing development of an aggregation platform demonstrates the company’s commitment to providing versatile, tech-driven solutions for the supply chain industry.
Client Success Stories
Addup Networks’ impact is evident through client success stories:
Meghraj Couriers: Enhanced East India operations through the Kyte platform.
VR1NXP: Streamlined partnership with UPS in Malaysia, utilizing real-time update capabilities.
Maruti Couriers: Expanded warehousing and supply chain solutions, contributing to significant acquisitions.
Valuable Learnings
The journey has brought valuable insights, particularly in understanding client acquisition timelines and the effectiveness of consulting-based business development. The unique challenges in setting up SaaS in logistics also emerged as a key learning.
Vision for 2024
Expanding the Ecosystem and 3PL Operations
In 2024, Addup Networks aims to expand its global client base and onboarding more supply chain players, and initiate operations as a 3PL logistics aggregator. This dual strategy is expected to generate sustainable revenue streams and facilitate further expansion.
Financial Goals
Financially, the company aims to grow from a revenue of INR 40 lakhs in FY23 to INR 1 crore in FY24, with a long-term target of reaching INR 8 crores (USD 1 Million) by FY25. This ambitious growth is backed by an early investment that has valued the company at INR 13 crores (USD 1.5 Million)*.
Upcoming Enhancements
The development of the API tech stack for aggregation services is a key focus, aiming to connect various elements of the supply chain and kickstart operations to achieve a valuation of USD 15 million by FY25.
Sustainability and Efficiency
Emphasising server less solutions and latent consulting advantages, Addup Networks is geared towards sustainable and efficient operations, instilling confidence in investors and stakeholders.
Preparing for Industry Trends
Anticipating trends like cross-border logistics and micro-fulfilment, Addup Networks is strategically positioned to capitalise on these evolving market dynamics.
Team Growth and Culture
With a plan to expand the talented team, Addup Networks places high value on its culture and the belief shared among team members, setting the stage for future growth and innovation.
Competitive Edge
Addup Networks’ competitive edge lies in its consultative approach, enabling clients to expand their operations with tech-driven solutions.
Beyond 2024: Long-Term Aspirations
Long-term, Addup Networks aspires to be an omnipresent ecosystem player, delving into data science for demand prediction and exploring IoT solutions for manufacturing, aiming to become a true “Omni Channel” in the industry.
In summary, Addup Networks’ journey so far has been marked by innovation, resilience, and growth. With its clear vision and robust plans for 2024 and beyond, the company is well-positioned to redefine the standards of supply chain management through technological advancement and strategic partnerships.