logistics | Pixr8 News

8Nov By PriyankaNo Comments

FUNDING

Agri-Logistics Startup FarmLink Raisses $3M Funding

[dropcap]M[/dropcap]umbai based agri-tech platform FarmLink Agri Distribution and Market Linkage Pvt Ltd has recently raised a sum of $3 million from the Indian arms of Pioneering Ventures, Swiss incubator/investment firm and agrochemicals company Syngenta AG. Incubated at Pioneering Ventures itself, the startup provides end-to-end logistics solutions for the supply of fruits and vegetables. The fresh funds will be used to expand its reach and penetration and strengthen its technology and analytics capabilities in the supply chain segment. “FarmLink’s focus is to develop India’s underserved regions. It is associated with more than 700 farmers to improve the quality and quantity of their produce. The company intends to reduce agricultural waste by streamlining the value chain to less th...

SoftBank Group May Invest $100 Mn In Rivigo Services

17Aug By RishabhNo Comments

FUNDING

SoftBank Group May Invest $100 Mn In Rivigo Services

After investing big in Flipkart, Paytm and Ola, SoftBank Group Corporation is looking to invest in another startup Rivigo Services, a transport logistics provider an amount of around $100 million as per the sources aware of the discussions. (more…)

Paytm Further Delists Logistics Partners To Improve Customer Experience

26Jul By RishabhNo Comments

News

Paytm Further Delists Logistics Partners To Improve Customer Experience

Ecommerce platform Paytm Mall has once again made amendments in its quality control and to get things in order by delisting 6 out of its 14 logistics partners and 30 courier aggregation centres, and restricted delivery to 17,000 pin codes instead of 26,000 pin codes. Paytm cited customer experience and inability to meet service level agreements by the delisted logistics partners as reasons for the decision taken in response to an audit conducted by the marketplace. "None of the logistics partners which have been delisted are venture capital-backed," Sinha said. “We believe, working with fewer retailers and pin codes that leads to a superior customer experience is more important than rapid expansion,” said Amit Sinha, chief operating officer of Paytm Mall. Paytm had revamped its platfo...

Alibaba Will Invest USD 7.3 Billion to Produce One Million Smart Vans

24May By AnkitaNo Comments

CHINA

Alibaba Will Invest USD 7.3 Billion to Produce One Million Smart Vans

Chinese e-commerce giant Alibaba delivery arm Cainiao Network has announced USD 7.3 billion investment to produce one million smart vans in partnership with domestic automakers for efficient delivery. Cainiao said a computing system, powered by the Internet, will analyse real-time orders and design the most efficient routes for its delivery fleet. The move will cut cost and reduce energy consumption. In two cities where the plan was piloted in April, vans travelled 30 per cent shorter distances and saved 20 per cent of the operational costs. Partnering automakers include SAIC Motor, Dongfeng Motor, Reach Rental. Cainiao also announced financial support of USD 7.3 billion for logistics firms and delivery drivers participating in the plan. Cainiao is Chinas logistics firm that pr...

22May By PriyankaNo Comments

FUNDING

Delhi Based Logistics Firm Delhivery Raises $30 Million Funding

Logistics company Delhivery has received USD 30 million (about Rs 200 crore) funding from Chinese conglomerate Fosun International. This additional investment is a part of the bigger equity financing round where The Carlyle Group pumped in USD 100 mn to pick up a minority stake in the firm, according to a statement. The investment in Delhivery is reported to be among the largest in the tech-focused logistics space. It is a pointer to a likely boom in the logistics sector as the government moves ahead with the introduction of GST from July 1 and on the back of robust online retail sales. The Gurugram-based company was launched in 2011 by Sahil Barua, Mohit Tandon, and Suraj Saharan with an aim to disrupt the logistics supply chain market. Later, they were joined by Bhavesh Mangl...

Amazon to Add 7 New Warehouses in India, Hire 4,000 people

3May By Press Trust of IndiaNo Comments

BUSINESS, News

Amazon to Add 7 New Warehouses in India, Hire 4,000 people

E-commerce giant Amazon continues to aggressively expand its operations in the country with the addition of seven new warehouses, a move that will provide employment to about 4,000 people. The US-based company, which has committed an investment of USD 5 billion in the Indian market, will have 41 warehouses or Fulfilment Centres (FCs) by the end of June this year. Amazon, which is locked in an intense battle with local rival, Flipkart, has been pumping in funds to expand infrastructure and technology platform in the country. "This (new FCs) will double our storage capacity this year as compared to last year. We continue to invest in strengthening our infrastructure to match our pace of business expansion in India," Amazon India Customer Fulfilment Vice President Akhil Saxena told P...

Myntra Acquires Bengaluru Based Logistics Startup InLogg

20Apr By AnkitaNo Comments

ACQUISITION

Myntra Acquires Bengaluru Based Logistics Startup InLogg

Fashion e-tailer Myntra today said it has acquired Bengaluru-based InLogg for an undisclosed amount, a move that will further strengthen the supply chain capabilities of the Flipkart-owned company. Founded in 2015, InLogg offers a technology platform that provides end-to-end logistics solutions for the e-commerce sector. "As part of the acquisition, the team at InLogg has been inducted into Myntra, making it an acquihire that will further strengthen and expand Myntras supply chain capabilities," Myntra said in a statement. "With an 80 per cent year-on-year growth, we are on a strong trajectory... The Inlogg acquihire with the platform and capabilities will help us scale while delivering great customer experience in Tier II, III and IV cities," Myntra Chief Strategy and Planning Of...

Venture Capital Aspada Invests in Fruits and Vegetables Distribution Startup Waycool

4Apr By AdityaNo Comments

FUNDING

Venture Capital Aspada Invests in Fruits and Vegetables Distribution Startup Waycool

Aspada Investment Company has made a $2.7 million investment in Chennai-based Waycool Foods and Products PrivateLimited (Waycool) Waycool is a fresh produce distribution company that sources fruits and vegetables from small-hold farmers and aggregators and sells through multiple distribution channels spanning small local shops, modern retail outlets, and HORECA (hotels, restaurants and catering establishments). Waycool currently operates predominantly in Tamil Nadu via a distribution hub in Chennai. With Aspada's investment, Waycool will extend its reach to other major cities, including Bangalore and Hyderabad, build atechnology platform to reduce inefficiencies in the supply chain, and augment the company's existing infrastructure. Aspada's investment in Waycool adds significant op...

Pigeon Express in Talks to Buy Out Snapdeal Stake in GoJavas

17Mar By NitishNo Comments

ACQUISITION

Pigeon Express in Talks to Buy Out Snapdeal Stake in GoJavas

Logistics firm Pigeon Express is in talks to buy out entire stake of Snapdeal in its subsidiary parcel delivery firm GoJavas. "We are in discussion to buy out stake of Snapdeal in GoJavas," Pigeon Express MD Anand Rai said on sidelines of the launch of Aangadia mobile app for consignment booking by delivery personnel. Pigeon Express acquired 51 per cent share in GoJavas in August 2016, in which Snapdeal holds 49 per cent stake. Snapdeal has stopped using services of GoJavas and is currently delivering shipments mainly through its own new logistics venture Vulcan Express. Rai said that Pigeon acquired GoJavas after it was running in losses mainly due to reconciliation issues with e-commerce companies."There was no transparency in e-commerce deliveries. E-commerce wave in 2013 very ...

Blowhorn Raises Rs 25 Crore From IDG Ventures & Others

7Mar By AdityaNo Comments

FUNDING

Blowhorn Raises Rs 25 Crore From IDG Ventures & Others

Intra-city logistics start-up, Blowhorn, has raised USD 3.65 million (about Rs 25 crore) from IDG Ventures India, Michael & Susan Dell Foundation and existing investors Draper Associates and Unitus Seed Fund. The company plans to utilise the proceeds from the Series A funding to expand operations to eight cities in the next 24 months, with over 25,000 daily active drivers, Blowhorn said in a statement. Founded in 2014 by Mithun Srivatsa and Nikhil Shivaprasad, Blowhorn offers a tech-enabled platform to connect customers to mini-truck owners, enabling intra-city, sub 2-tonne deliveries. The company has 50 full-time employees and is present in Mumbai, Bengaluru, Chennai and Hyderabad. "We have been able to leverage technology and operational innovation to emerge as a market leade...

Snapdeal, Truecaller Partner to Make Your Shopping Experience Frictionless

2Mar By AnkitaNo Comments

BUSINESS

Snapdeal, Truecaller Partner to Make Your Shopping Experience Frictionless

New Delhi, ANI: India's largest online marketplace Snapdeal has partnered with Truecaller, one of the leading communication apps in the world to enhance consumer experience by integrating Truecaller Priority in the company's IVR and order confirmation numbers. Customers with Truecaller app installed on their mobiles will be able to easily identify and filter IVR or delivery verification calls when shopping on Snapdeal. Any calls received by users who have placed an order on Snapdeal, while be clearly marked as 'Snapdeal Order Team' or 'Snapdeal Delivery Team', and color coded in purple; thus, assuring the users that the call is important and from a reliable source, not spam. "We are very pleased to bring the Truecaller Priority feature to our platform. It will help reduce a key fricti...

Canadian Pension Fund Manager Eyes Logistics Investment in India

25Feb By NitishNo Comments

FUNDING

Canadian Pension Fund Manager Eyes Logistics Investment in India

The real estate arm of Canada's second-largest pension fund manager is looking at India's logistics sector following the announcement this week of its first investment in the country for more than six years, President Daniel Fournier said on Friday. Ivanhoe Cambridge, the real estate unit of Caisse de depot et placement du Quebec, announced a USD 250 million residential investment in India on Thursday, the first in the country since Fournier was put in charge of the division in 2010. "We're starting with multi-residential opportunities, so let's see where it takes us," Fournier said in an interview on the sidelines of a media conference at the Caisse in Montreal. "Logistics ... could be the next one." India's real estate logistics sector, which includes warehouses, distribution...