- Expands its operations across 12 new Indian markets
- Onboards 40 new brands across e-commerce, D2C, ePharmacy, Cosmetics, Retail, Manufacturing & Cross Border express industries
- Witnesses a 10% growth in its topline
- Targets 100 new clients in the upcoming financial year
Mumbai, 26th March 2024: NIDO Group, a leading intralogistics warehouse automation company is strategically expanding its operations to cater to India’s booming tier 2 and 3 markets. Recently, it onboarded 30 new clients and 40 new brands, which has enabled NIDO Group to expand its operations to 12 new markets in India.
NIDO Group will deploy its revolutionary Astro ecosystem which helps in sorting & fulfillment, along with its range of Capella, Deneb & Canopus systems which help in profiling, smart conveying. These along with NIDOworkz software suite allows warehouses to automate their processes completely through intelligent movement of goods, dynamic load balancing, end-to-end package tracking, and a customizable central dashboard.
Speaking about the company’s fast-paced growth, the Managing Director at NIDO Group said, “In 2023, there was a significant surge in demand for warehouses across emerging markets in India. As one of the world’s fastest-growing economies, India experienced a substantial increase in consumer demand, particularly in tier 2 and 3 cities. With the sale of over 5 million square feet of warehousing space in 2023, a clear business opportunity arose for warehouse automation across these markets. Our groundbreaking ASTRO ecosystem has allowed us to seize this opportunity, acquiring over 30 new accounts in markets like Kanpur, Agra, Tiruchi, Guwahati, Ludhiana & Vizag.”
NIDO Group’s growth is driven by its expertise in providing essential intralogistics solutions like sorting, profiling, fulfillment and conveying systems. Nirav Doshi further added, “Despite challenges in the broader industry landscape, NIDO Group has exhibited resilience and innovation, resulting in a 10% increase in topline figures. This impressive performance underscores our ambitious target of reaching INR 700 crore in revenue by FY 28.”
NIDO Group’s ASTRO ecosystem has proven to be a game changer for businesses of all sizes, including smaller enterprises, as they cater to the specific needs of various industries, including Express, Cross Border Courier, 3PL, Quick Commerce companies, D2C brands, Apparel & Cosmetics Majors, and ePharmacy. “As we deep dive into technological advancements, especially automation and robotics, our focus is to expand our reach beyond tier 1 markets by giving them access to a seamless warehouse management ecosystem to propel their business to the next level,” said Nirav Doshi.
Looking ahead, NIDO Group is poised for even greater expansion, with ambitious plans to onboard an additional 100 clients and brands in the forthcoming financial year. Focusing on leveraging emerging technologies and adapting to evolving market demands, NIDO Group remains steadfast in its mission to revolutionize intralogistics practices worldwide.
