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.

Advertisement. Scroll to continue reading.

*Disclosure: Times Internet is an advertiser with Medianama.

Related:
Why Indiatimes Invested In Logistics Co Delhivery

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

News

The industry's growth is being weighed down by taxation and legal uncertainty.

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

News

This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

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

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ