- 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.
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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.
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- 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.
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- 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.
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- 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.
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- Flipkart also plans
to use some of MapmyIndia’s products to build its own solutions for improving performance
of its supply chain.
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- 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.
