NimbusPost, a tech-enabled logistics service provider, recently announced an alliance with Recur Club, an alternative financing platform. This partnership will provide financing options to NimbusPost’s clientele base of more than 80,000 ecommerce sellers and D2C brands for their marketing and inventory spending, allowing better cash flow. According to the company, eligible ecommerce sellers on the […]
Ekart, a supply chain network, will now offer B2B trucking and transportation services through a fleet of more than 7,000 trucks across the country, the company announced on Monday. According to the company, the launch of its B2B Express services across air and surface modes will cater to brands, manufacturers and retailers across industries. This […]
Ecom Express, an end-to-end technology-enabled logistics solutions provider to ecommerce industry backed by marquee private equity investors Partners Group, Warburg Pincus and British International Investment, on Thursday, announced that Ajay Chitkara will join as the new Managing Director and Chief Executive Officer of the Company. Chitkara currently serves as Director & CEO of Bharti Airtel’s […]
DTDC Express, an integrated express logistics company, announced the opening of their latest facility at Geethanjali Industrial Park, Velappanchavadi in Chennai. According to the press note, the newly launched facility spans over 1,75,000 square feet and has 38 docks which help to optimise cross-docking efficiency. Furthermore, the hub is equipped with robust infrastructure facilitating the […]
The Uttar Pradesh government led by Chief Minister Yogi Adityanath is trying to expand the transport services as well as to increase the income of the transport department, an official statement said on Wednesday. In this sequence, against the target of Rs 12,672 crore set for the financial year 2023-2024, the department achieved Rs 1656.51 […]
Delhivery, a logistics company on Friday reported an increase of 32 per cent year-on-year (YoY) in consolidated net loss at Rs 158.6 crore in the quarter that ended on 31 March 2023, compared to Rs 119.8 crore the previous year in the same quarter. The company’s revenue declined by 10 per cent YoY at Rs […]
Shipsy , a SaaS-based global smart logistics management platform provider, recently announced it clocked around 100 per cent growth in the top line and has established another regional headquarter in Riyadh to aggressively onboard local talent. Its first regional HQ in the Middle East was established in Dubai in 2021. It also highlighted that in the […]
The Indian eLogistics market is continuing to experience significant growth in FY23, as per the latest report by Redseer Strategy Consultants. The total number of shipments, including both forward and reverse logistics, for eCommerce logistics exceeded 4 billion in FY23, excluding hyperlocal shipments. In-house logistics and third-party players had almost an equal share in this […]
Blowhorn, same day delivery platform for Bharat, has announced a pioneering new service to help brands with better inventory management. Blowhorn has introduced retail store pickups that will allow brands to cut down on inventory costs and reduce time to deliver its products by having it delivered on the same day. This service will be […]
The Central railways have scored big earns this financial year, surpassing all the zonal railways to reach Rs 300 crore in ticket checking earnings, the official said on Tuesday. “Central Railway has achieved a landmark in ticket checking performance with earnings with over Rs 300 crore by penalizing 46.32 lakh cases in Financial Year 2022-23. […]
