In the complex and fast-paced realm of logistics and supply chain management, businesses worldwide encounter numerous challenges that can impede their efficiency and growth.
One of the most significant issues is the lack of real-time visibility and transparency in operations, leading to delays, increased costs, and decreased customer satisfaction. Traditional systems often rely on outdated tracking and management methods, leaving companies unable to respond quickly to changes or disruptions in their supply chain.
This gap not only affects businesses’ operational capabilities but also hampers their ability to make informed decisions, optimize routes, and ensure timely delivery of goods. Moreover, the logistics sector has been slow to adopt new technologies, resulting in resistance to change that further complicates these challenges.
Companies struggle with inefficient fleet management, inadequate tracking mechanisms, and a lack of integration between different stages of the supply chain. This situation is compounded by growing consumer demands for faster and more reliable deliveries, adding pressure on logistics companies to enhance their operational efficiencies.
Recognizing this market gap and drawing from their previous professional experiences, Vishal Jain, Rahul Mehra, and Anshul Jain founded Roadcast in 2015. Combining backgrounds in finance, product design, and IT, the trio aimed to revolutionize the logistics sector by offering comprehensive solutions beyond mere navigation.
The early days of Roadcast were marked by typical entrepreneurial challenges: transitioning from secure careers to the uncertainties of starting a new business, navigating the complexities of the logistics industry, and developing technology that could truly make a difference. Despite these hurdles, the founders’ commitment to innovation and their ability to adapt quickly and build a passionate team enabled Roadcast to overcome these initial obstacles.
Powered by AI, Roadcast’s platform offers a suite of customizable software and hardware solutions that provide real-time visibility and insights into fleet management. With features like advanced GPS tracking, route optimization, EV management, and fuel monitoring, Roadcast empowers businesses to streamline their operations, reduce costs, and enhance efficiency.
The platform integrates AI and IoT to offer efficient fleet management and delivery services. For example, AI dash cameras analyze real-time footage to detect potential hazards, enhancing monitoring and safety. Similarly, the fuel monitoring system uses AI to optimize routes by analyzing consumption patterns. This comprehensive approach to technology integration sets Roadcast apart in the industry.
Roadcast has raised $2 million in funding from Jubilant FoodWorks, accelerating its growth and enabling the expansion of its technology stack, vehicle visibility capabilities, and global footprint. Through strategic partnerships, technological innovations, and understanding local market dynamics, Roadcast has expanded its presence to 50 cities and 7 countries.
By collaborating with clients across various sectors, including UDAAN, Delhi Police, and Jubilant FoodWorks, Roadcast has transformed operations and improved efficiency and customer satisfaction. With a team of 100 and a remarkable 300% increase in revenue, Roadcast is on a path of aggressive growth, aiming to expand its team to 500 in the next two years and focus on international expansion.
Roadcast envisions a logistics and supply chain ecosystem driven by tech-enabled, sustainable solutions and aims to be at the forefront of this evolution. With the industry increasingly adopting technology, Roadcast is well-positioned to play a pivotal role in its growth, driven by government initiatives and a global shift towards integrated and transparent logistics solutions.
