Logistics has become a sweet spot for investors. California-based logistics startup DispatchTrack that clocks 60 million deliveries per year participates in first-ever funding round to speed-up product development.
SaaS-based last-mile logistics solutions provider DispatchTrack closed $144 million growth funding led by Spectrum Equity. With companies like CostcoOpens a new window and TargetOpens a new window stepping into the highly competitive last-mile delivery market, startups look to investors to compete with well-heeled rivals.
DispatchTrack delivers end-to-end visibility and real-time coordination to online and physical store, warehouses, drivers, and end customers. The platform houses solutions like enterprise-grade route optimization, capacity-aware self-scheduling tools, dynamic ETA tracking links, automated customer communication and appointment confirmation, billing and settlement for delivery service providers and merchants, mobile apps for change of custody and proof-of-delivery, and real-time visibility for merchants across their network of carriers and drivers.
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Why DispatchTrack?
“We built DispatchTrack to help businesses large and small provide superior delivery experiences, streamline operations, and maintain coordination and transparency across all constituents in the last-mile. With Spectrum’s support, we will continue our rapid pace of innovation and bring best-in-class solutions to more businesses, industries, and geographies.†Said Opens a new window Satish Natarajan, CEO of DispatchTrack.
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DispatchTrack allows customers to configure the platform’s dynamic optimization engine as per the company’s needs. The companies can also track, orchestrate, and study their performance across the delivery network through real-time data on DispatchTrack mobile application.
DispatchTrack application delivers end-customers with specific scheduling windows, real-time ETAs, and a frictionless delivery experience addressing significant, historically under-served needs in last-mile delivery.
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