wordpress blog stats
Connect with us

Hi, what are you looking for?

Logistics Company Delhivery Acquires Gharpay’s Offline Cash Collection Network

delhivery-gharpayLogistics company Delhivery (SSL Logistics) has acquired offline cash collection network of Gharpay which has 750 clients, according to a report by iamwire. Following the acquisition, the Gharpay brand will be owned by Delhivery. The financial details of the deal were not disclosed.

According to the report, the latest funding round raised by the company will go towards developing  new payment services and a cash on delivery software & management solution Clink.

Launched in 2011, Gharpay offers a doorstep cash payment network for businesses and claims to have a network of more than 1,000 pincodes across India. It claims to already have more than 500 clients in India including BookMyShow, Info Edge, Cleartrip, Zomato, Groupon, and Jet Airways among others. The company had raised an undisclosed amount of funding from Blume Ventures with participation of existing investors, $200,000 from Sequoia Capital and Kae Capital, and a seed investment of $100,000 from Raju Reddy.

Gurgaon based Delhivery provides logistics and backend solutions for E-Commerce to offer multiple supply chains for retailers. It provides procurement, warehousing, packaging and last mile delivery services.  Last year, Times Internet* had picked up a minority stake in the company.

With the rise of E-Commerce companies in India, handling logistics has become one of major issue for E-Commerce companies. Building its own logistic network can be expensive for cost-sensitive startups, so these companies usually outsource the logistics part. Adding offline cash collection network to its services will enable Delhivery to provide a complete package of logistic services required by any E-Commerce company.

Other players that offer logistics include large players like Bluedart, FedEx, and smaller players like Chottu.in, Mudita, unicommerce, among others.

*Disclosure: Times Internet is an advertiser with Medianama.

Why Indiatimes Invested In Logistics Co Delhivery

You May Also Like


The Federation of All India Vyapar Mandal (FAIVM), a pan-India body of traders and retailers, has recommended that the government impose a tax of...


The Department for Promotion of Industry and Internal Trade (DPIIT) has forwarded complaints against Amazon and Flipkart, made by traders body Confederation of All...


The Competition Commission of India has sought information from sellers body AIOVA on the alleged preferential treatment that Amazon gives to certain large sellers,...


E-commerce companies such as Amazon and Flipkart are proving to be a “major roadblock” in small traders adopting digital commerce, traders body Confederation of...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ