In LATAM, logistics costs range from 18 to 35 percent of product value — and even higher for SMEs at about 40 percent — compared to benchmarks of around 8 percent of product value in OECD countries. Colombia-based Liftit is a platform that makes it simple to schedule cargo shipments of all sizes throughout the country. It provides quick and transparent quotations, shipment tracking, full-value insurance, and guaranteed same-day delivery.
Leveraging Colombia’s existing network of 500,000+ registered, independent truck drivers, Liftit endeavors to both increase the incomes of drivers and improve logistics services for companies.
Starting business in October 2016 — Liftit is now doing 5k urban & national cargo deliveries a week throughout Colombia, and is making $1.5m USD annualized gross revenue. We’ve raised a $1.5m seed round from Colombian investors and recently $300k on the TV show Shark Tank Colombia. In Q1 2018 we’ll be expanding to Mexico.