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Carryt

Colombia
Market: Logistics and warehouses, Transport
Stage of the project: Operating business

Date of last change: 26.07.2022
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Idea

Carbon neutral efficient urban deliveries for CPG, D2C and Ecommerce companies in Colombia, Mexico and Brazil by empowering happy gig economy drivers with our route optimization technology.

Current Status

● Fundraise  900 K USD
● Signed Contracts 6,69M USD
● Deliveries Month  196,000/month
● Ontime Deliveries > 92%
● EBITDA 21%

Problem or Opportunity

54% of Supply Chain Cost for companies with secondary distribution is represented in last mile logistics, mainly due to inefficiencies in their route planning process. 99% of traditional transportation companies in Latin America don't use optimization tools and therefore seek to reduce their costs by subcontracting independent transporters that lack access to health services, training and financing and are responsible for 25% of the total carbon footprint in the region.

Solution (product or service)

We perform optimized last mile logistics by using:
1) Geocoding algorithms with efficiency levels 20% higher than the market.
2) Route Optimization Algorithms for each specific industry that allow us to reduce operating costs by 35%.
3) Integration with carbon offset services to achieve carbon neutral logistics.

Business model

We generate revenue per delivery made to our corporate clients; by using an internal lead generation outreach model and PR and SEO / SEM tools we connect with them. We pay our drivers a fixed amount per day and by using technology and a network of warehouses and smartlockers we optimize costs to achieve 18% EBITDA margins.

Incubation/Acceleration programs accomplishment

Katapult
Impaqto
Platzi
Latitude Build
Endeavor ScaleUp
5,00
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