Aramex, a leading global provider of comprehensive logistics and transportation solutions has recently invested in last mile mobile-based companies Grab.in and Logisure to strengthen its last-mile delivery service in the category of e-commerce in India.
The company has committed to invest Rs 20 crore in Zomato backed last-mile delivery company Grab a Grub, which does on-demand hyperlocal deliveries as well as first mile and reverse logistics. It’s services are spread across 10 cities.
Currently it is working with Snapdeal, Zomato, McDonalds, Pantaloons and Grofers among others. The investment in Logisure, which has developed a platform for intelligent urban freight management, has not yet been disclosed.
Dubai-based Aramex is now focusing to expand its outreach to e-commerce section all across West-Asia, Asia and Africa. The investments in Grab.in and Logisure are part of its recently launched ‘Rapid Scaling-Up’ model that aims to leverage partnerships with mobile-based startups to improve last-mile delivery solutions. As a part of this initiative, the logistics company had also announced an investment of $2.94 million in a Series-B round of the UK-based what3words, which is creating a global grid of three word addresses. In India Aramex works with all major ecommerce marketplaces as well as shipping India-bound orders on Amazon.com.