[Funding alert] SaaS Platform Roadcast raises $2 mn from Jubilant Foodworks

Roadcast, an end-to-end supply chain management platform has raised $2 million in funding from Jubilant FoodWorks.

The startup plans to utilize the funds for global expansion and hire relevant talent to build the right framework for expansion and growth. It will also invest in AI and analytics advancements to advance the logistics vertical.

The Delhi-based Roadcast was founded in 2015 by Vishal Jain, Anshul Jain and Rahul Mehra, It is a SaaS-based end-to-end supply chain management solutions provider for logistics enterprises.

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Its technology can be applied to businesses offering food delivery, logistics and transportation, electric mobility, and courier and parcel delivery.

"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," said, Vishal Jain, co-founder, Roadcast.

The startup claims that since its inception, it has managed the distribution management of over 40,000 drivers and fleet connectivity of over 150,000 vehicles. It helps 300 enterprises in 50 cities and 7 countries including UAE, UK, Qatar, Oman, Sri Lanka and Indonesia.

About Roadcast

For businesses that provide delivery services, it is imperative that they stay on top of their delivery teams, monitor their performance, and guide them real-time information as they go out in the field.

It is also essential that resources such as trucks and other delivery vehicles are well managed to ensure high profitability. RoadCast Delivery and Order Management Software gives businesses a reliable platform that lets them track their delivery teams and their deliveries in real-time.

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The system provides users with real-time information such as location, distance to recipient, estimated time of arrival and more. With real-time data, users can relay to delivery teams more viable and time-saving routes for expedited delivery. Faster deliveries means more deliveries and this results in optimum resource utilization. Creating data reports is a time-intensive task and can be prone to many errors, such as duplicate data entry, inaccurate calculations, and more.

With RoadCast Delivery and Order Management, reports are automated and digitized. Keeping data and creating monthly assessments are no longer manual processes, saving time and effort.

Customers can also track their orders in real-time & provide additional information with feedback.