Flipkart In Talks To Invest In Firms To Boost Provide Chain

Flipkart In Talks To Invest In Firms To Boost Provide Chain

Online market Flipkart Ltd is in talks to spend money on 4 corporations including maps provider MapmyIndia as the company seeks to improve its supply chain efficiency, three people accustomed to the matter said.

Flipkart can also be searching for a head of company growth 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 individuals cited above mentioned, speaking on condition of anonymity.

The Bengaluru-primarily based company is shut to buying a minority stake in MapmyIndia (promoted by CE Information Systems Pvt. Ltd), the people cited above said. MapmyIndia will assist Flipkart with mapping knowledge and vehicle tracking services because the e-commerce firm goes deeper into the hinterland to deliver smartphones, attire and different merchandise to customers. Flipkart is betting that MapmyIndia’s products may also assist its delivery team in route optimization: selecting the most appropriate routes and slicing the time taken to ship merchandise to a number of clients on a given day, the people above said. With correct mapping and pin code knowledge, the company’s delivery executives can probably deliver extra merchandise in the same time, compared with what they do currently.

Flipkart also plans to make use of a few of MapmyIndia’s merchandise to build its personal solutions for enhancing efficiency of its provide chain, the people said.

The company is predicted to spend lots of of millions of dollars on building warehouses and increasing its delivery force over the subsequent -three years. Its provide chain business is run by co-founder and chief working officer Binny Bansal.

Digital maps are becoming an more and more necessary a part of e-commerce. And with firms eager to cut back their reliance on Google Inc.’s product Google Maps, different solutions are much sought-after. Final week, cab-hailing service Ola struck a licensing deal with MapmyIndia to make use of its digital maps and location data to build new solutions. By way of the partnership, Ola will get entry to mapping information from MapmyIndia, which has the intellectual property rights to the nation’s digital map data.

Flipkart coupons - visit this link -, which has raised $2.6 billion over the past 18 months, could invest in two different supply chain-associated start-ups, the people cited above said. The company can also be in talks to put money into a cellular gaming start-up, they said.

Spokespersons for Flipkart and MaymyIndia declined to comment.

The e-commerce market chief has been actively investing in begin-ups over the previous year. If the four mooted investments undergo before January, Flipkart may have invested in additional than 10 firms this year. The deals embody its buy of promoting technology firm AdIQuity Applied sciences Pvt. Ltd, mobile marketing agency Appiterate (promoted by DSYN Applied sciences Pvt. Ltd) and digital funds service suppliers FX Mart Pvt. Ltd and Ngpay, aside from monetary investments.

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