Indiatimes* has bought a minority stake in logistics company Delhivery (SSL Logistics) for an undisclosed amount. Speaking with MediaNama, Gautam Sinha, Director (Technology and E-Commerce) at the company, said that there has been a trend of e-commerce companies building tighter integration and control in the last mile delivery by setting up an in-house logistics team, and Indiatimes was looking for a strategic relationship in terms of systems and processes. Indiatimes e-commerce has been hived off as a separate company "because it's very different from a content business", and Subhankar Sarkar, previous a COO at MyDala, has been hired as the COO and Business Head of Indiatimes e-commerce. The company is doing Rs 1 crore in revenue per day, and expects to cross Rs 300 crore in revenue this year. On funding, Sinha said that there are no specific plans yet, and nothing can be ruled out, but "we can look for partners for growth. Could be strategic partners or private brands. But that is not the driving force right now. Right now, it is about executing fast." Mohit Tandon, Head of Business Development and Investor Relations at Delhivery told MediaNama that the company currently has 250 people, which includes the feet-on-street, across 9 cities. They're expanding to 4 more cities in the next 20-25 days, and are planning to cover 30 cities by the end of this year. For Delhivery, Tandon said, the last mile courier part is just a part of it, and they we provide vendor procurement, warehousing,…
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