LogisEye

LogisEye selected for TAQADAM Programme

Company recognized and rewarded in fierce competition that attracted 9636 regional applicants

LogisEye, the company that prides in accelerating digital transformation in the logistics industry with state-of-the-art cloud-based digital freight procurement ecosystem has been selected as one of the most promising tech startups out of 9,636 applicants to participate in the current TAQADAM Startup Accelerator and Bootcamp started on 1 August 2022.

“Being the CFO of DHL-Danzas, Dubai, for more than two decades, I have firsthand knowledge of identifying the challenges, opportunities, and problems in the logistics and supply chain sector. With a single idea of breathing new life to all the stakeholders in the entire supply chain, LogisEye Freight Procurement Solutions provide enhanced transparency and visibility to accelerate freight procurement decisions and bring substantial cost-time savings,” affirmed CM Mathew, Founder and CEO of the DAFZAbased LogisEye.

Local and regional startups hailing from any sector and belonging to all business stages, as well as international applicants who are looking to expand into the MENA region, are potential candidates for this awards programme.

Funding

This year’s applicants stand to receive up to US$140,000 in funding, access to workshops and co-working spaces in Saudi Arabia, as well as opportunities to network with mentors and industry experts. With +50 startups expected to be a part of the initial accelerator programme, further selected participants will later also be presented with a chance to pitch to a global judging panel of potential investors at the TAQADAM (preeminence in Arabic) showcase in 2023.

Having supported over 130 startups since its inception, the TAQADAM Startup Accelerator launched in 2016 is located at the King Abdullah University of Science and Technology (KAUST) and organized in partnership with Saudi British Bank (SABB).

Startup ecosystem

The TAQADAM’s Startup Ecosystem also offers 360-degree support from the KAUST entrepreneurship team, mentors, and experts, from planning to pitching through investor connections, mentorship from industry experts and MENA-area leaders, access to a leading startup community, services subsidies for design, finance, legal, and more.

“As a startup, you are always short on resources, so the help TAQADAM provides is invaluable. The support and advice we received about marketing, legal, IT Development, finance, and fundraising preparation allowed us to focus our energy on growth and next steps for our company,” asserted Mathew.

“TAQADAM gives comprehensive support in all areas of the business through mentorship, networking, investors, and every aspect your business could need to grow and thrive. LogisEye plans to expand our operations to Saudi Arabia and India during this quarter.” added Mathew.

“Can’t wait for the next growth phase of LogisEye as we continue to challenge and disrupt the entire supply chain and logistics sector globally,” concluded Mathew. Our digital freight procurement solutions include: LogieBid - Customers worldwide can launch reverse auction to procure most competitive market rates online for their international transportation by air, ocean (FCL/LCL) and road (FTL/LTL). Users can invite LogisEye vetted LSP’s, and additional LSP’s of their choice. Customers can compare and analyze bids digitally, award bids, route and track their shipments under single platform. LogiQuote - Our marketplace for instant freight and marine insurance rates. LogiQuote provides rates for airfreight and courier shipments. Users can search, compare, select rates from multiple suppliers in less than 10 seconds. Rates are available on different carriers and service levels. LogiQuote is currently connecting major airports in UAE with top 50 countries, +1400 trade lanes.