Gurgaon-based logistics company SSN Logistics Pvt Ltd, which runs the web platform Delhivery.com, has raised its Series B round of funding from Nexus Partners.
The company was started by a bunch of engineers including Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua and Suraj Saharan. It offers a full suite of services such as last-mile delivery, third-party and transit warehousing, reverse logistics, payment collection, vendor-to-warehouse and vendor-to-customer shipping. It is backed by Times Internet Ltd, which had acquired a minority stake in the firm in June last year.
Although positioned as a one-stop supply chain partner for e-tailers, he said the company’s services are not restricted to e-commerce and it offers services to both online and offline clients. Earlier this year, Delhivery.com acquired cash collection services, brand name and the operations team (comprising over 60 people) of the Hyderabad-based startup Gharpay Technology Services Pvt Ltd for an undisclosed amount.
About a week ago, another e-commerce logistics provider Chhotu.in happened to be at the receiving end of the capital crunch experienced by the Indian startup ecosystem. As it was unable to raise further capital, two of Chhotu’s 13 angel investors wrote off their investment. The startup is now looking for a buyer or investor.
Via: TechCircle
As AI becomes central to search, decision-making, and even creative work, the question isn’t just…
Imagine a kitchen where a robotic arm dices onions, a vision system judges the perfect…
Researchers looked at a million ChatGPT interaction logs and concluded that after creative composition, the most popular…
A recent news informs that some therapists are now secretly using ChatGPT during therapy sessions.…
The social impact of digitization is palpable even before AI enters the picture. Research shows…
The Tech Panda takes a look at recent tech launches. Data Analytics: The Most Scalable…
