20Cube Logistics

About 20Cube Logistics

20Cube Logistics is a Singapore-based, software-enabled international supply chain orchestrator, established in 2011 by co-founders Mahesh Niruttan and Anand Seetharaman. The founders, a group of executives from a major global logistics company, identified an opportunity to disrupt the traditional logistics model. They observed that the industry's operating structure often converted substantial net revenue margins into low single-digit EBITDA margins, signaling a need for greater efficiency. Mahesh Niruttan, the CEO, has over 35 years of experience in logistics and strategic planning, including roles at Agility Logistics. Anand Seetharaman, a Chartered and Cost Accountant, brings over 33 years of experience and previously served at Agility Logistics and Godrej Group.

The company operates as a tech-enabled freight forwarder and third-party logistics (3PL) provider, targeting the global freight forwarding and high-end warehousing markets. It serves a diverse client base, including notable companies like BMW and Samsonite, across industries such as fashion, mining, and medical sectors. The business model is built around digitizing the entire supply chain, from purchase order to delivery. Revenue is generated by providing a comprehensive suite of services including freight forwarding, warehousing, distribution, customs clearance, and trade compliance solutions.

At the core of 20Cube's offering is its proprietary technology platform, MyHubPlus. This collaborative portal provides clients with end-to-end, real-time visibility and control over their shipments. The platform captures data from every stage of the supply chain, enabling features like real-time tracking, automated alerts, exception management, and access to all shipping documents stored on the cloud. By digitizing workflows and using a control tower-based approach, 20Cube can achieve significant savings for clients through better container utilization, load balancing, and overall process management. This technology-first model gives the firm a productivity advantage of nearly 35% over competitors. In October 2022, the company announced plans to go public through a SPAC merger with Evo Acquisition Corp., which valued the combined entity at an enterprise value of approximately $338 million.