Top News

Flipkart likely to invest in firms to boost supply chain

  • Online marketplace
    Flipkart Ltd is in talks to invest in four firms, including maps provider
    MapmyIndia, as the company seeks to improve its supply chain efficiency, the
    Mint reported, citing people familiar
    with the matter.
  •  
  • Flipkart is also
    • Online marketplace
      Flipkart Ltd is in talks to invest in four firms, including maps provider
      MapmyIndia, as the company seeks to improve its supply chain efficiency, the
      Mint reported, citing people familiar
      with the matter.
    •  
    • Flipkart is also
      looking for a head of corporate development after mergers and acquisitions
      (M&A) head Nishant Verman moved to a new role. Verman is now chief of staff
      for Mukesh Bansal, the company’s commerce platform head, the people cited above
      told
      Mint.
    •  
    • The Bengaluru-based
      company is close to buying a minority stake in MapmyIndia (promoted by CE Info
      Systems Pvt. Ltd). MapmyIndia will help Flipkart with mapping data and vehicle
      tracking services as the e-commerce firm goes deeper into the hinterland to
      deliver smartphones, apparel and other products to customers.
    •  
    • Flipkart is betting
      that MapmyIndia’s products will also help its delivery team in route
      optimization – picking the most suitable routes and cutting the time taken to
      deliver products to multiple customers on a given day, the report said. With
      accurate mapping and pin code data, the company’s delivery executives can
      potentially deliver more products in the same time, compared with what they do
      currently.
    •  
    • Flipkart also plans
      to use some of MapmyIndia’s products to build its own solutions for improving performance
      of its supply chain.
    •  
    • The company is
      expected to spend hundreds of millions of dollars on building warehouses and
      expanding its delivery force over the next two-three years, the
      Mint report added.

     

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