Top News

Flipkart buys stake in MapmyIndia, aims to better delivery operations

  • Flipkart has bought a
    minority stake in digital maps provider MapmyIndia to improve its supply chain
    efficiency, reported the
    Mint.
  •  
  • India’s largest e-commerce firm, however, didn’t disclose
    • Flipkart has bought a
      minority stake in digital maps provider MapmyIndia to improve its supply chain
      efficiency, reported the
      Mint.
    •  
    • India’s largest e-commerce firm, however, didn’t disclose
      the financial details of the deal.
    •  
    • Flipkart will license
      map data and location technologies from MapmyIndia (promoted by CE Info Systems
      Pvt Ltd), and deploy location intelligence capabilities across its logistics
      network to strengthen its delivery operations.
    •  
    • It also plans to
      introduce services such as real-time shipment tracking and theft minimization,
      the report said.
    •  
    • “With this strategic
      investment, we are taking another concrete step toward transforming the supply
      chain ecosystem in India,
      making technology and information the driver of our supply chain and logistics
      solutions,” Flipkart chief operating officer Binny Bansal said in a statement.
    •  
    • “The integration of
      comprehensive and accurate location data will allow us to deliver an even more
      personalized and delightful experience to our customers,” he added.
    •  
    • Earlier this week,
      Flipkart led a $9-million-round investment in QikPod, which aims to solve
      last-mile delivery issues by providing automated self-serve lockers that can be
      accessed by courier companies.

     

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