Page 9 - Logistics

Distribution and logistics startup Ripplr raises $12 mn in debt, equity

The pre-series- B funding round also saw participation from existing investors 3one4 Capital, Zephyr Peacock India Growth Fund, and Chand Family Office

Pickrr targeting 80-90% next-day deliveries; unveils 10 fulfilment centers

Logistics tech startup Pickrr is targeting 80-90 per cent next-day deliveries, amid a strong 1-million fulfilment orders in January next year, the platform said on Tuesday

TVS Supply chain acquires majority stake in logistics firm FIT 3PL

Picks up 69% for undisclosed sum; deal will strengthen existing pan-India presence of TVS SCS with addition of over 1.5 mn sq ft of warehouse space

Soaring logistics, raw material costs headache for India Inc in H2: Report

Even though the overall outlook for corporates have improved on the back of faster than expected recovery, and the same is likely to gain further traction in H2 but the rising commodity prices

Logistics services provider Rivigo names Rohan Mittal CFO effective Nov 15

Mittal brings 15 years of core logistics and infra experience in M&A, digital and business transformation and P&L leadership; was earlier with Gati and AllCargo

Gujarat retains pole position in logistics index: Commerce ministry report

Haryana gains four places to come second in 2021, Punjab sheds one to figure in third compared to 2019

Logistics firm TCI Express planning drone deliveries by FY22-end

Express logistics company TCI Express is looking to begin deliveries using drones by the end of the ongoing fiscal, a top company official said. Recently, the company concluded its initial trials, TCI Express Managing Director (MD) Chander Agarwal told PTI. In the trials conducted in Ahmedabad, medicines and other urgent/immediate delivery packages weighing 5-10 kgs were delivered to customers, he said. "TCI Express has been continually adopting and investing in cutting-edge technologies to bring long-term value for customers. We look forward to initiating the express drone delivery concept by the end of this fiscal year," Agarwal said. Without sharing any investment amount, the MD said the company has already defined a corpus for this pilot project which will be utilised towards setting up infrastructure. More trials for a higher weight category will be conducted soon, he said, without divulging further information. Sharing more details related to the project, the MD said the tr

Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 cr issue

Primary issue will be of Rs 5,000 crore, which the company will raise via public issue; OFS by existing investors will be Rs 2,460 crore

2-3x spike in vendor numbers across Indian markets ahead of Diwali: Study

The report by logistics platform also reveals 213% uptick in first-time sellers in tier-3, while tier-2 and tier-1 cities saw a growth of 138% and 175%, respectively

Cabinet Committee okays Gati Shakti, top govt panel to monitor progress

There will be a three-tier system for monitoring: empowered group of secretaries (EGoS), network planning group (NPG) as well as a technical support unit (TSU)

Gati Shakti master plan may help cut logistics cost to 8% of GDP

Railways looking at Rs 50K cr of investments under the project

Delhivery names 3 top execs from finance and mfg as independent directors

Career banker and former IndusInd Bank MD-CEO, Ramesh Sobti, and Marico Industries chief Saugata Gupta join former JP Morgan India CEO Kalpana Morparia on the supply chain firm's board

Nitin Gadkari emphasises on reducing logistics costs below 10%

The road transport and highways minister said it has been planned to construct 25,000 km of national highways within the next two years.

Hiring activity witnesses marginal growth sequentially in August: Report

Hiring activity witnessed a marginal growth of 1 per cent in August sequentially due to decline in job postings in sectors including engineering, logistic, agro-based industries among others

DP World to invest Rs 2,000 crore in various Tamil Nadu projects

Will be setting up a new container terminal, cold storage and sea food processing zone among other units; 4,500 to be created

Snapdeal expands logistics network, sets up 130 distribution hubs

Value e-commerce marketplace Snapdeal on Thursday said it has opened 130 new distribution hubs this year across the country that will help cater to the growing demand from smaller cities, especially during the festive season. The maximum number of these hubs are located in Maharashtra, Karnataka, Telangana, and Uttar Pradesh, Snapdeal said in a statement. The company has also augmented its logistics network in Jammu and Kashmir and in the North-East, and with the addition of these hubs, Snapdeal now serves over 26,000 pin codes, it added. "The network expansion is serving the growing demand for online shopping from smaller cities such as Baramulla (J&K), Saharanpur (Uttar Pradesh), Khammam (Telangana), Alwar (Rajasthan), Sambalpur (Odisha), Tumkur (Karnataka), Latur (Maharashtra), Dimapur (Nagaland) and is designed to speed up deliveries for customers in these cities and in surrounding areas," it said. The expanded network is also designed to cater to the surge in demand that is ..

SpiceJet kicks off cargo business sale; valuation at Rs 2,500 crore

It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money

Blue Dart Express posts Rs 31 crore net profit for June quarter

However, the company had posted a consolidated net loss of Rs 125.84 crore in the year-ago period, Blue Dart Express said in a filing to the BSE.

Lodha sells 22-acre land parcel in Palava industrial park to Japanese firm

Palava Industrial and Logistics Park has now emerged as the preferred partner for companies looking for warehousing and industrial space solutions in Mumbai

AI-based logistics firm Shyplite launches Shypmax supply chain solution

Shypmax is now live for deliveries to 40+ countries and will be covering delivery to 220 countries progressively