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The Hindu
The Hindu
National
Sangeetha Kandavel

Supply Chain start-up WIZ Freight to spend ₹300 crore on R&D

Supply chain Chennai

WIZ Freight, a full-stack digital cross-border supply chain start-up, has set up a Tech and R&D Centre in Chennai with an initial capital expenditure of ₹30 crore. The company said it would be spending over ₹300 crore over the next three years on R&D.

The new centre will develop tech solutions for the cross-border shipping industry using Artificial Intelligence (AI), Machine Learning (ML), blockchain, Internet of Things (IoT), web and mobile applications and big data capabilities to improve functions like routing, end-to-end visibility, digitisation of shipping documentation and warehousing management among others. The centre will employ around 300 persons in the field of data science, analytics, software and logistics.

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