Photo - Sovtes
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Sovtes

online full-cycle road freight management solution

Ukraine, Kyiv city
Market: Internet and IT, Logistics and warehouses
Stage of the project: Operating business

Date of last change: 31.03.2021
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Idea

Sovtes is a digital full-cycle road freight management solution. We save our shippers 15% on their delivery expenses by providing carrier competition and full-cycle visibility. 0.6% of Ukraine's road freight market is managed within Sovtes.

Current Status

Revenue 2019: $0.25M
Revenue 2020: $0.6M

Problem or Opportunity

Imagine you have 20 different orders for delivery, and you have 15 carrier partners. Each carrier communicates by a random channel from a set of phone, email, and 4 different messaging services. Your task is to pick the best possible match between the orders and the carriers in terms or schedule, locations, pricing and truck parameters within the shortest period. How would you solve this problem with a spreadsheet? Get the idea?

Solution (product or service)

We have a developed an ecosystem, in which shippers place orders, receive carrier offers, make weighted decisions, and optimize for the metric of choice.

Competitors

https://smarttender.biz/ru/,
https://logistoffice.com/,
https://s2b-group.net/logist-pro,
https://lardi-trans.com/,
https://della.ua/,
https://zernovoz.ua/,
https://cargofy.ua/,
https://www.trans.eu/ua/,
https://www.timocom.com.ua/

Advantages or differentiators

We do both price discovery AND visibility, also we do expertise personal consulting on logistics optimization, and not just teach how to click buttons.

Business model

1. subscription ($4 per load)
2. freight forwarding (12% per load)

Money will be spent on

engineering, marketing, forwarding operations

Offer for investor

13%

Team or Management

Risks

corruption, gdpr, legacy

Incubation/Acceleration programs accomplishment

Corporate MHP accelerator

Won the competition and other awards

Corporate MHP accelerator

Invention/Patent

авторское право на программу Совтес.
IP registered in Russia and Ukraine
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video