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Flipkart In Talks To Put Money Into Firms To Spice Up Provide Chain
Online market Flipkart coupons (
couponnazi.com) Ltd is in talks to invest in 4 firms together with maps provider MapmyIndia as the corporate seeks to improve its provide chain efficiency, three folks aware of the matter said.
Flipkart is also in search of a head of company improvement after mergers and acquisitions (M&A) head Nishant Verman moved to a new role. Verman is now chief of workers for Mukesh Bansal, the corporate’s commerce platform head, the individuals cited above said, speaking on condition of anonymity.
The Bengaluru-based mostly firm is close to buying a minority stake in MapmyIndia (promoted by CE Info Techniques Pvt. Ltd), the people cited above said. MapmyIndia will help Flipkart with mapping data and vehicle monitoring 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 may also help its supply staff in route optimization: selecting essentially the most appropriate routes and chopping the time taken to ship merchandise to a number of clients on a given day, the folks above said. With correct mapping and pin code knowledge, the corporate’s delivery executives can probably ship extra merchandise in the same time, in contrast with what they do currently.
Flipkart also plans to make use of a few of MapmyIndia’s products to construct its personal solutions for enhancing efficiency of its supply chain, the individuals said.
The company is expected to spend a whole lot of thousands and thousands of dollars on building warehouses and increasing its delivery drive over the next -three years. Its provide chain enterprise is run by co-founder and chief working officer Binny Bansal.
Digital maps have gotten an increasingly vital a part of e-commerce. And with corporations keen to cut back their reliance on Google Inc.’s product Google Maps, various 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 knowledge to build new solutions. Via the partnership, Ola will get access to mapping knowledge from MapmyIndia, which has the mental property rights to the nation’s digital map data.
Flipkart, which has raised $2.6 billion over the previous 18 months, could put money into two other supply chain-related start-ups, the people cited above said. The corporate is also in talks to spend money on a cellular gaming begin-up, they said.
Spokespersons for Flipkart and MaymyIndia declined to comment.
The e-commerce market chief has been actively investing in start-ups over the past year. If the 4 mooted investments undergo earlier than January, Flipkart can have invested in more than 10 corporations this year. The offers embrace its buy of advertising know-how company AdIQuity Technologies Pvt. Ltd, cell advertising and marketing agency Appiterate (promoted by DSYN Technologies Pvt. Ltd) and digital payments service suppliers FX Mart Pvt. Ltd and Ngpay, other than monetary investments.
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