Public-Purpose Technology Intelligence
Summary
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- Founded in 2011
- Total funding: Not provided
- Latest round: Not provided
- Revenue band: Not provided
- Key investors: Khosla Impact Fund
- Headquarters: Bangalore
- FTEs: 20-40
- Key clients/partners: governments and state governments of Angola, India, Indonesia, DRC, Uganda
- Key executives: Anup Akkihal, Co-founder and CEO, MEng from MIT; Sharath Chandangoudar, Co-founder and Director of Operations, previously at Logistics for Global Good; Amit Akkihal, Co-founder and Director of Strategy; Arun Ramanujapuram, Co-founder and CTO, previously at Yahoo! Labs.
Profile
In much of Asia and Africa, rural areas without advanced infrastructure remain inaccessible to deliveries of medical supplies. This problem has become critical with the spread of novel diseases across both continents, such as MERS, Ebola, and Covid-19.
Logistimo’s answer is an app that monitors supply chains. It can keep track of inventories and alert the user in case of understocking or overstocking. Its algorithm can forecast changes in demand, and thereby predict and take action to prevent shortages. Most importantly for vaccination programmes, it can also monitor cold storage in transit, warning the user of any temperature changes. It is active in 27 Asian and African countries.
Logistimo has already been flagged up as an important actor in the response to Covid-19. As far back as May, several Indian states started using it to transport samples of the virus. The Harvard Business Review has praised its app as an example of the kind of advanced supply chain monitoring that will be needed for mass vaccine rollouts. Countries that employ its services to deliver Covid vaccines might also be inclined to engage it again for more general medical initiatives.
Plans
- Work on delivery of the Covid vaccine
Who Should Speak To This Company
Regional and national health departments
Company In Action
The province of South Kivu in DRC, which has been the focus point of a series of wars, has suffered widespread sexual violence, affecting hundreds of thousands of women. However, many of its communities are cut off from medical supplies vital to prevent HIV and unwanted pregnancy. Logistimo provided Panzi Hospital, a medical centre in the province’s capital that specialises in treating the effects of sexual violence, with a live reporting software that its staff could use to flag up shortages in the “Prévention” kits that they hand out to survivors of sexual violence as part of their Prevention Pack Programme. Between 2013 and 2017, the programme was able to hand out 2081 kits in an unstable, remote area without running into any shortages.
StateUp View
Logistimo’s CEO claims that its services saved India $75 million in vaccine supply operating costs in 2018. And it also has an environmental pitch: its use of AI algorithms to aggregate delivery routes can reportedly reduce CO2 emissions by between 68 and 117 tonnes per month. As novel viruses become ever more serious a problem, especially in the developing world, it is unlikely that there will be any drop in demand for its services.
Logistimo occupies a similar space to Zipline, which uses drones to carry medical supplies to isolated rural areas. Because Logistimo only uses existing infrastructure, its range is comparatively limited; however, many developing countries do not currently have the legal framework to engage with drones, so using existing infrastructure and technology could allow the company to scale up faster in developing contexts.
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