GPK Logistech Private Limited

Setting New Relams in the Logistics Landscape with its Distinctive Portal –StoreMart

The logistics and warehouse sector is booming and has experienced rapid expansion throughout the years. The stakes have been elevated by various technological initiatives, but the pandemic has changed how the industry functions. In this state of technical upheaval, GPK Logistech introduces StoreMart, India’s first end-to-end warehouse discovery and management platforms.

For anybody who is running a supply chain, the biggest challenge is to find the right warehouse for their products. The concept behind StoreMart is to facilitate and find the right warehouse and empower the entirety of the storage industry across the nation.

StoreMart is an AI / ML-based app that provides 100% authentic information regarding the space registered, which enables automatic registration and data gathering of the entire warehouse facility. Till date, it has achieved over 6000 warehouses, 800 + registered premium customers, 2.2 Crore + sq feet of storage and BTS spaces, 64 properties contracted and built to suit land pieces registered on the app, and over One Crore.

Without any manual (or little) intervention, StoreMart enables giving precise information about the warehouse. Only images and data that have been taken using StoreMart Eye, the inhouse technology, are uploaded. This aids in establishing confidence and offers visitors a fair sense of the website. With StoreMart Eye, StoreMart intends to list storage facilities all across the nation. StoreMart will completely automate the warehouse space leasing value chain. This includes listing, discovery, selection, deal negation, and finalising the paperwork till paying the stamp duty all digitally.

Warehouse Management System (WMS) for a trader or SME is high cost and maintenance due to which most of the Inventory is maintained on an excel sheet which can never be authentic and are error prone due to which the exact inventory and business loss are dominant. Invoicing which is linked to the dispatch of inventory is done separately making it more complicated to link all of them Inhouse StoreMart WMS software allows the maintenance of digital inventory on the go. The programme allows the operator to pick up and send out the inventory while also generating bills for it. Their inventory and billing can be handled in real-time in this way.

StoreMart is a proud member of Confederation of Indian Industry and have been awarded as the Top Innovative Company (Medium & Small) – Service in the CII Industrial Innovation Awards 2022.

StoreMart is awarded as Best innovative Technology in Warehousing- Service by ISCM in Indian Logistics and Supply Chain Awards 2022.

StoreMart have also been recognized as the Top 10 Best Logistics Tech Startups in the year 2022 by Silicon India. StoreMart is also ISO certified (ISO 9001:2015)

Why GPK Logistech Stands Ahead of the Pack?

• StoreMart is the only comprehensive tech platform that offers the finest information to support storage, warehousing, and logistics businesses across the nation.

• They are the first digital enabler with a tenure choice that ranges from one month to nine years.

• StoreMart will provide a seamless experience right from shortlisting the warehouse to contracting and paying stamp duty on the app itself

• The AI & ML developed for StoreMart is highly flexible and endurable which helps the visitor to find an apt desired storage space as per their commodity.

• They provide solutions within 15 minutes; to anybody logging through the app.

• The company is renowned to bring the cheapest and fastest warehousing solution.

• With StoreMart, anyone can launch a warehouse and operational business within 7 days, which is impossible for any organisation.

The Journey Of GPK Logistech In The World Of Supply Chain

The man behind the idea, Duttprasad Kapur has worked at various Logistics companies at different designations for 23 years and is an entrepreneur by heart who always knew the gap when it came to searching for apt warehouses across the country. Because they couldn’t locate a certain warehouse, they lost more clients during the years of service. That has always been a struggle for them, therefore he discovered the gap before quitting his job, tried to close it, and laid the groundwork for GPK Logistech.

In the year 2020 during the pandemic, he along with the CFO Mr Vishnu Khandelwal did a thorough market survey and consulted the stalwarts of the industry to design the product which was the need of the hour, It took one whole year to get the funding and the required registration. CTO Mr. Nitin Chaurey joined in the process along the way, and as a result, tech development got underway after 8 months of working on various software projects. They wweventually developed an app that addressed the key issues of authentic information and high information value using cutting-edge artificial intelligence and machine learning technology. They tested the app with more than 50000 case studies and, after being certain, they released the app in June 2022.

Piece of Advice

It’s tough to get the network to make and run a warehouse and the second thing is to know how the supply chain domain. One should not get into it without a thorough knowledge of the subject.

The Key Offerings: Helping to Find a Perfect Warehouse

In India today finding a perfect warehouse as per the commodity and nature of business is extremely tough this is mainly due to the organized sect of people dealing in this arena. The major pain point for a customer is Lack of knowledge, No transparency, Lack of Clarity in terms and conditions, Less of options, Extremely high commission charges, etc. With the StoreMart app, all the above pain points are resolved and it is a one-stop shop for any storage requirements.

• Insurance of storage spaces – 90% of warehouses/storage spaces are not insured whereas the infrastructure inside as well as the material and manpower their insured during any calamity it is the landlord of the premises who is at loss, hence they insure the premises of storage to safeguard the interest

• Structural Audit for storage spaces – By the end of the first contractual term, due to the harsh use of the warehouse, the life span drastically reduces the lifespan considered for the warehouse during planning, to reduce the deterioration of the warehouse structure.

• 3PL Space Registration – As every Third Party Logistics (3PL) service providers have some area of the warehouse which is left unfilled, these spaces can be registered on the StoreMart app for short-term or long-term customers.

• Warehouse Management System – The SAAS product helps any kind of trader of stockiest to maintain its stocks on the go and also can trade by generating invoices and credit/ debit notes with the current taxation rules.

• Land Audit – This audit is carried out by the team to identify the feasibility of the land parcel instead of having a warehouse or any kind of storage space facility

Latest Industry Insights of the Warehousing Industry

There was a time when the warehouse was like a godown, but in the last few years, India has the kind of warehouses similar to China and Europe. The Pandemic gave a very strong lesson that everything is required to be stored in a warehouse because what is the need should be fulfilled within the stipulated time. In the last 5 years, the warehousing industry has grown 3X.

Dynamic Leadership

Duttprasa Kapur – Founder

Nitin Chaurey – CTO

Vishnu Khandelwal- Co-Founder & CFO

Roadmap Ahead

GPK Logistech has created its strong feet on the ground within 93 days of its launch. Now, they are looking to be the most desired company for storage space in India, they will cater to the 3PL Industry Stalwarts and all the Corporate giants and launch 5 new products in the coming year.

“We grow as the industry grows. But looking at the current forecast, we believe that we will grow at an even faster pace than the industry as we are ready for the future needs”, the visionary leader apprised.