- DHL India Will Invest $100 Mn To Expand Warehouse Capacity Logistics giant Deutsche Post DHL Group is planning to expand its warehouse capacity in India. The move may have been triggered by DHL India looking at the new planned national tax system and increasing ecommerce transactions. Vikas Anand, Managing Director at DHL Supply Chain India said, “We see business-to-consumer as the next big challenge, a big […]
- Logistics Platform 4tigo Raises $10 Mn Funding From Nandan Nilekani, Accel Partners Bengaluru-based truck network platform 4tigo Network Logistics has raised about $10 Mn Series A funding from existing investors Accel Partners and Infosys co-founder Nandan Nilekani, according to regulatory filings, reported Livemint. 4tigo was launched in September 2015 by IIT Kanpur alumni Vivek Malhotra and Anjani Mandal (former CEO at Manipal Technologies Ltd). 4tiGo Network is a technology […]
- Updated: Snapdeal Backed Logistics Firm GoJavas Temporarily Suspends Operations Logistics firm GoJavas has temporarily suspended operations, citing technical issues. The firm is partially owned by ecommerce biggie Snapdeal. Founded in 2013 by Vijay Ghadge, GoJavas is an ecommerce logistics supply chain company based in Gurgaon. It facilitates ecommerce delivery to 2500+ pincodes. In October 2015, Snapdeal invested an additional $20 Mn (INR 131 crore) in […]
- Snapdeal Opens Six New Logistics Hubs To Ramp Up Its Delivery Services In a bid to provide one-touch facility to sellers, Snapdeal has opened six new logistics hubs across Delhi/NCR, Lucknow, Hyderabad and Kolkata. The six new centres are owned by Vulcan Express, a 100%-owned subsidiary of Snapdeal. These centres are designed as integrated facilities which will combine warehousing, quality control and transportation within one complex. As […]