Tag: Kushal Nahata

FarEye Appoints Suvrat Joshi as Chief Product Officer

FarEye Appoints Suvrat Joshi as Chief Product Officer

Mumbai – Leading logistics SaaS platform, FarEye has announced the appointment of Suvrat Joshi as its Chief Product Officer (CPO). Based in Seattle, Suvrat brings with him over 20 years of experience of handling product leadership roles at Yahoo, Amazon, Microsoft, Facebook and most recently Dropbox. Suvrat will drive the product vision and accelerate FarEye’s global product expansion with key focus on the customer’s needs.

He has an MBA degree from the University of California, Berkeley and an MS in Engineering from Rensselaer Polytechnic Institute, New York. Suvrat is also a certified Lean Six Sigma Black Belt

“Suvrat is a product-visionary and has an impressive background with some of the biggest product organizations across the globe. I am excited to have him on board as the Chief Product Officer,” said Kushal Nahata, CEO & Co-founder, FarEye.“With his passion and talent, he is the right fit to be a part of our mission to make logistics better for everyone with a robust technology platform. The goal is to enrich lives globally and make a significant difference together” adds Nahata.

As FarEye continues to gain popularity and accelerates its expansion in the Americas and EMEA, the company is aiming to recruit and retain the best talent. FarEye recently announced that in order to capitalize on unprecedented demand from Retailers, Manufacturers, and Logistics & Transportation organizations for the company’s platform, the emerging SaaS unicorn will hire 100 technology professionals globally in 2021.

“I am a strong believer in the power of technology for building solutions that can solve the real-world problems,” said Suvrat Joshi, Chief Product Officer, FarEye. “Logistics forms the backbone of any economy and FarEye stands at the forefront – driving innovation in the industry by solving the complex challenges that cost the supply chain and logistics industry trillions of dollars. I am impressed with the team’s passion and energy to build this world-class product and excited about the opportunity ahead of us.”

Tata Steel BSL

Tata Steel BSL Partners With FarEye to Onboard Its Predictive Visibility Solution

Mumbai, 04 February 2021: One of the most prominent players in India’s steel industry with more than three decades of manufacturing expertise, Tata Steel BSL, partners with FarEye to accelerate its digital transformation goals.

With the aim to improve in-plant and in-transit visibility, optimize transportation costs, mitigate delivery delays, reduce loading times and slash manual dependencies, FarEye is on-boarded to ensure intelligent management of logistics that will reduce turnaround-time, help risk mitigation, end-to-end transportation visibility, and delivery efficiency.

Tata Steel BSL is now achieving high levels of operational excellence via efficient SLA (Service Level Agreement) adherence, Key Performance Indicator benchmarking, bottleneck mitigation, and data-driven business risk calculations. The steel manufacturer now predicts estimated time of arrival with absolute precision, manages exceptions and risks proactively, and has gained end-to-end real-time visibility of ground-level operations.

Subrata Basak, Chief Logistics Officer, Tata Steel BSL says “In this volatile situation in the world, to help us sustain our leadership position, we have made many interventions in our operation process. Due to COVID-19, it was of paramount importance to reduce the man-to-man interactions. Through digitalization, our processes are more agile to meet the ever-changing needs of the supply chain. It also helped to maintain the social distancing norms and touch-free operations helped us reap benefits in terms of performance improvements and turnaround time reduction of vehicles in the plant.”

Real-time tracking keeps the business associates posted on their shipments and ensures timely delivery of the same, bringing customer delight. AI and ML have improved our predictive and information analyzing capabilities through predicting the ETA (Estimated Time of Arrival), In-transit Performance, Loading and Unloading TAT (Turn-around Time), and our Allocation & Placement delays. It has had a compounded effect that can be scaled up effectively for all locations. This integrated platform through its various modules provides an efficient way to control and monitor our logistics processes and costs.”

Kushal Nahata, CEO & Co-Founder, FarEye says, “Ensuring 100% visibility of in-plant and in-transit transportation is critical to optimizing logistics operations, mitigating risks, eliminating delays, and boosting customer satisfaction. This is where FarEye’s platform makes a difference. Its amalgamation of efficient logistics management with proactive exception management and real-time visibility is empowering Tata Steel BSL to drive new levels of operational excellence and tangible ROI.”

By embracing FarEye’s platform Tata Steel BSL is also driving automated delivery workflows including automatic order allocation. Leveraging ePoD (Electronic Proof of Delivery), Tata Steel BSL is now ensuring quick customer feedback on OTIF deliveries and shrinking paper usage. Achieving these new levels of logistics efficiency is positively impacting Tata Steel BSL’s customer satisfaction scores and empowering them to become more competitive.

About FarEye
FarEye is a leading predictive logistics SaaS platform that is making deliveries efficient for industries across Retail, Manufacturing, and Transport, and Logistics. FarEye’s intelligent logistics platform enables enterprises to orchestrate, track, and optimize their logistics operations. It empowers enterprises to gain real-time visibility, excel in the last mile, and deliver customer delight. With 17 Gartner mentions, DHL, Walmart, Amway, Dominos, Hilti, and 150 plus customers have laid trust in FarEye as their partner of choice across 30 countries. FarEye is empowering global enterprises to shrink delivery time by up to 27%, increase courier productivity by up to 15%, eliminate risks by up to 57%, and ensure operational excellence.

Kushal Nahata, CEO, FarEye

FarEye Rewards Employees with an ESOP Liquidity Program

Leading logistics management platform FarEye has started the New Year 2021 with the announcement of an ESOP liquidation program for its employees. This is the first time that the company has offered liquidation of ESOPs.

Under the scheme, eligible employees can liquidate up to 35 percent of their vested ESOP shares, the company said in a statement. FarEye has announced the distribution of USD 739,000 to liquidate eligible ESOP options under this program.

Commenting on the program, Kushal Nahata, CEO, FarEye said, “2020 has been a tough year for all of us. The liquidation program is a reciprocation for the hard work of our employees.  It is a small way of saying Thank you to the team as they have been working day in and day out from their homes. We announced this liquidation to make employees partners in our success and to ensure they are able to create wealth for themselves and their families. The team has been able to generate significant liquidity for themselves, which gives us immense happiness & satisfaction. With this program, we will be able to reward our most important asset – our employees whose talent and perseverance helped us become a Great Place to Work for the second time in a row in 2020. We are looking forward to expanding our team with exceptional talent in 2021 and will continue to roll-out programs with similar benefits.”

While 2020 has been a challenging year worldwide, FarEye’s business has expanded significantly as it enabled enterprises to get closer to their customers. Last year “customer logistics” was in the spotlight, when everything was bought online and the focus was to deliver the goods in the least amount of time with maximum safety. FarEye works with enterprises to provide an end to end logistics management platform which offers superior delivery experiences to the end consumers. 84% of companies that work to improve their customer experience report an increase in their revenue. Its technology platform ​enables enterprises to orchestrate, track, and optimize the movement of goods and adds the much-needed visibility in a typical farm to fork journey.

Last year, FarEye raised USD 37.5 million in Series D funding to expand its intelligent logistics management platform used by DHL, Walmart, Amway, and many other Fortune 500 companies. This is the second time within the last year that FarEye raised funds to support its hyper-growth in global markets, making it a total of USD 50 million in investment so far.

With significant wins in the last two quarters and 17 Gartner mentions, FarEye continues its expansion strategy in the Americas, EMEA & APAC markets with some exceptional wins on the table.

Top 3 Employee Gains

  • Combined salaries at joining: Rs.17,10,000/-
  • Current combined current salaries :-  Rs.1,53,57,000/-
  • Current salaries including ESOP values : Rs.10,87,79,150/-
  • Daily-earnings at joining: Rs.4697.80/-
  • Current daily earnings: Rs.42189.56/- (Not including ESOP Values)

HomeTown Leverages FarEye to Deliver 50% Faster & Drive Rapid Innovations

Mumbai: HomeTown, one of the leading furniture and lifestyle retailers, part of the Future Group partnered with FarEye to orchestrate last-mile deliveries, achieve real-time visibility and enhance the customer experience. Recognized as India’s biggest store in homemaking, renovation, and decor, HomeTown improved delivery turnaround time by 50% and achieved a 60% reduction in customer calls due to proactive communication regarding orders and deliveries.

With people favoring to stay indoors, following social distancing measures, and working from the comfort of home, shopping habits underwent rapid change. People increasingly invested in items such as fitness equipment, home entertainment, and furniture. HomeTown witnessed a gradual month-on-month increase in online purchases post-unlock. The brand’s “Home Office” section saw a 3x increase in demand.

Amidst surging orders and the need to drive seamless on-time fulfillment, HomeTown was facing challenges in ensuring safe and satisfactory deliveries. With regards to their multi-unit furniture delivery, highly efficient collaboration and interoperability between delivery and installation teams emerged as a key requirement.

Leveraging FarEye’s logistics orchestration platform, the leading retailer was able to streamline processes such as- assigning orders to delivery executives, tracking incomplete orders and return/ replacement requests, and scheduling appointments for installation while keeping the customers informed at every step. Managers now track the delivery status in real-time with ePod and service completion pictures.

Vaishali Thakkar, GM–Customer Service and Operations, HomeTown commented, “FarEye has helped us scale up our product delivery and post-sale processes with new distribution models and logistics partners smoothly, to ensure consistent customer experience. Being a highly customizable platform, it has been able to completely deliver as per our requirements. It has helped us in increasing the productivity of our field service engineers and technicians who are on the front lines of our business, and the face of the organization. “

Kushal Nahata, CEO and Co-founder FarEye said, “With regards to furniture and heavy equipment purchase, customer service goes beyond generating a delightful doorstep delivery experience. Providing customers with a comfortable at-home experience of furniture installation is critical too. HomeTown ensured that customers are able to get a pleasant experience amidst the pandemic while setting up home offices or getting upgrades. At the core of providing such holistic customer service is logistics. In the world of online buying, logistics is the only physical touchpoint that connects a customer with the brand. In this regard, we are delighted to partner with HomeTown and together drive exceptional levels of delivery efficiencies and drive delightful customer experiences.”

This Diwali, FarEye Rolls Out Enhancements to Its Scalable Contactless Capabilities for Retailers

Diwali this year is expected to be nothing like what we have seen before. As per a recent report, the first week of the festive sale saw a 55% y-o-y sales growth, with $4.1 billion worth of goods sold across eCommerce platforms, as compared to $2.7 billion last year. This 52% increase makes the surge in online consumer demand quite evident. However, retailers need to be prepared to handle this surge. FarEye has been working with leading retailers to roll out significant new features and enhancements to its platform to handle the festive surge and enable retailers to meet the demand. The platform will help retailers:

• Offer more flexibility to customers- Self-service delivery slot booking, multiple payment options, deliveries at drop-off points.
• Quickly onboard new carriers to meet surge demand.
• Achieve app-based onboarding and training of freelance drivers to fulfil orders.
• Improve contactless delivery capabilities- including temperature tracking of drivers, integrations with national & international compliance apps.
• Improve order-level visibility to customers- Instant track & trace, messaging drivers, 1-click calling.
• Improve personalization and customer lifetime value- showcasing more products based on customer behaviour & preferences.
• Achieve comprehensive end-to-end visibility into the logistics operations and real-time customer feedback to take corrective action.

“From the time we launched FarEye SERVE back in March to help retailers deliver essential goods, we have not just successfully helped retailers handle scalability challenges but also have made major breakthroughs in advanced contactless capabilities. These include driver temperature tracking, compliance apps integrations & more. Retailers can now focus on customer experience while they can worry less from scalability and orchestration woes, which the platform can handle for them.” said Gaurav Srivastava, CTO & Co-Founder, FarEye.

“Customers are increasingly shifting towards an omnichannel model. They want to engage with brands that understand their preferences and are able to establish a deeper connection with them – delivery expectations, payment preferences, and lifestyle choices. In this scenario, brand experience is largely defined by its logistics journey. In an online-first world, logistics is the only actual touchpoint between the brand and its customer.” said Kushal Nahata, CEO and Co-Founder, FarEye.

Commenting on the same, Manoj Madhavan, CIO, Blue Dart said, “With the festive season in full swing, and as consumer demand rises, Blue Dart is optimistic about the foreseeable future. To ensure a safe pickup and delivery process, we pioneered the contactless delivery feature, enabling 14 digital wallets,UPI Interface (BHIM), Netbanking, Credit & Debit cards, and QR code, keeping our customers’ health and safety in mind right from the start of the pandemic enforced lockdown.

Blue Dart believes in ‘Delivering Joy’ and takes concerted efforts towards ensuring safe, reliable, and on-time deliveries always. Our partnership with FarEye and the use of its platform has helped us digitally enable many innovative processes like replacing the mobile number of customers’ incoming calls with the AWB details, digital Payment collection, live monitoring of frontline as well as providing real-time order status tracking for customers. This has brought a boost in the productivity of our people while also ensuring a superior delivery experience for the end-consumers.”

“We are already experiencing a surge in demand owing to the upcoming festive season, starting with Diwali. The volume of online shopping this year will be 2x more than 2019 and more so because CaratLane is now present in 7 metro cities. We are scaling our delivery operations to ensure we can easily manage 1000+ transactions every day in coming months. FarEye’s platform will play an important role this festive season, especially when it comes to shrinking delivery turn-around-time and enhancing customer experience,” said Raj Bala N, Supply Chain Manager, CaratLane.

Vaishali Thakkar, GM– Customer Service and Operations, Home Town, said, “As many families have started spending more time home, have transitioned to working from home and remote learning, home improvement seems to have taken the customer’s attention. We anticipate a surge in this festive season with new product lines, suppliers, and logistics partners. FarEye has helped us scale up our product delivery and post-sale processes with new distribution models and logistics partners smoothly to ensure a consistent customer experience.

Mr. Dharmin Ved, CEO, 6th Street (Apparel Group), added, “With the upcoming festival season, we expect orders to triple until the beginning of the year. This festive season will surpass the previous festival season of 2019, as most purchases by customers shifted from store to online platforms. The most important part of online shopping is not only the shopping platform but also the logistics methods that are provided to consumers. FarEye has helped us go above and beyond to deliver safely to our customers and have also enabled us to offer next day deliveries”.

FourPL Partners with FarEye to Bring Predictive Visibility to Customers in ANZ

Mumbai, 30th September 2020: FourPL, an Australian IT consulting company specialising in supply chain and procurement, has announced a partnership with FarEye, a leading logistics SaaS platform that enables brands to orchestrate, track, and optimize their logistics operations.

In the current climate where the Covid-19 crisis has accelerated offline and online convergence, the partnership brings the predictive capability to help brands orchestrate, track, optimize and deliver goods faster.

“FourPL are excited to announce our strategic partnership with FarEye. Our customers are demanding real-time visibility in their logistics operations and expect to know exactly when, where and how their goods will be delivered,” says Brett Findlay, CEO for FourPL.

FarEye helps businesses to orchestrate logistics processes in a multi-enterprise & multi-stakeholder environment to ensure seamless & efficient movement of goods. FarEye’s platform is easy-to-use, and easy-to-implement supported by its business process management engine and built-in extensive repository of industry best practices. The leading machine-learning-based platform is empowering global enterprises to shrink delivery time by up to 27%, increase courier productivity by up to 15%, eliminate risks by up to 57%, and achieve operational excellence.

“Today’s increasingly customer-centric economy requires integrated and value-added capabilities to achieve competitive advantage. FarEye helps organizations to maximize productivity & minimize risk while continuously making logistics operations efficient. We are passionate about making the movement of goods a positive experience through innovation, deployment of industry best processes and constant improvement. We make organizations future-ready by differentiating their offerings & making them best in class. This enables them to drive expected behaviour and underpin broader business objectives. “says Kushal Nahata, CEO & Co-founder, FarEye