4TiGO begins operations

4TiGO, a logistics startup aiming at bringing all the stakeholders and industry participants at a common platform, on Wednesday announced commencement of operations in six states.

4TiGO’s cloud-based technology platform and complementing business services will bring various stakeholders of the logistics industry — including consignors, consignees, fleet owners, transport companies and agencies — together on a common platform to  enable them to exchange information, transact and manage their entire business.

The startup is backed by Nandan Nilekani and Accel Partners. Indian Oil Corporation (IOC) has joined the network as its strategic network partner. Together with 4TiGO, IOCL will leverage its more than 800 Networked Retail Outlets (NROs) to provide complementary amenities like secure parking, overnight stay, breakdown assistance, repair and maintenance facilities, among others.

4TiGO has partnered with Federal Bank to implement an innovative B2B Electronic Payment Platform, integrated with its core transaction and contract management process.

“In the past, you brought in efficiency into markets through large companies — big farms, big retailers, big trucking companies. With pervasive connectivity, affordable mobile technologies, these efficiencies are now achievable at an industry-level by orchestrating a network of trust of various industry players. Such networks can achieve unprecedented scale, without compromising agility and flexibility,” said Nandan Nilekani.