Description
Problem
The biggest challenge faced by India’s 18 million twenty-foot equivalent units (TEUs) container industry is the empty container repositioning on ships – a dead freight to India. These Dry Runs (the empty containers which run from the importer’s factory to the yard, and from the yard to the exporter’s factory) not only increase the cost of logistics, but also add a cost to the planet; they add nearly 400-500Mn tonnes to the carbon emissions.
Solution
MatchLog is looking to eliminate these costs with their platform – MISTY (Matchlog Integrated Street Turn Yard). This program refurbishes the containers at the importer’s factory, and makes it ready to be sent to the exporter’s factory directly – eliminating the need for the container to be sent back to the yard.
Market Opportunity
There are nearly 1Bn+ containers moved across 3,000 ports and 185+ countries. The industry size of the global containers throughput is ~3Tn+, with the Freight Addressable Market being ~$400Bn+. The industry size of the Indian containers throughput is ~20Mn+, with the Freight Addressable Market being ~$20Bn+.
Following are a few highlights of MatchLog:
- Their current ARR is INR 36 Cr
- They have strong contracts with large shipping agencies such as Maersk, MSC, etc.
- Their existing investors are reinvesting in the current round (Rainmatter Capital, Blue Ashva, and Capital A)
About the Founders
Dhruv Taneja – Founder & CEO
15+ Years experience in Container Logistics | Founder of India’s Largest Container Yard Networks
Abhishek Behati – Co-Founder
15+ years experience in domain of consulting, oil and gas, and operations
Details of the round
They are raising $1.5Mn, out of which $1.1Mn has been closed by their existing investors, and an allocation of $400k is available to our investors.
The pre-money Floor is $11.5Mn and Cap is $16Mn, with a 20% discount to the Pre-Series A valuation.
They had previously raised ~$2.7Mn from Rainmatter Capital, Capital A and Blue Ashva Capital.
The investment in MatchLog is open through our SEBI-
