Rocket Internet-backed online furniture retailer FabFurnish has launched a shipping solutions provider called FabOne, reports PTI. The report mentions that FabFurnish will be investing $15 million over the next 6-9 months to expand FabOne. FabFurnish co-founder & MD Mehul Aggarwal told the publication that the reasons for launching a logistics arm was to "cut down on delivery cost and to ensure a greater customer experience." It's worth noting that FabFurnish co-founder Vikram Chopra had told Medianama, earlier this year, that 30% of their sales comes from tier 2 & 3 cities and the number is only increasing. Since reach of third-party courier companies is still limited in these centres, the decision to launch an in-house logistics arm seems like the next best alternative. Apparently, the company has already invested $5 million to set up warehouses in Gurgaon, Bengaluru, Mumbai and one other unnamed location. The company has also, apparently, initiated operations in 7 cities, including Delhi, Mumbai and Pune among others. They plan to expand operations to 25 other cities across the country over the next few months, which is expected to include Kolkata, Hyderabad and Chennai. Aggarwal also mentioned that FabOne will eventually be opened up to other e-tailers, but will take some time. Interestingly, Rocket Internet-backed online fashion store Jabong had launched a third-party logistics service called JaVAS (Jabong Value Added Services) in December 2012. However, it was later sold to Gurgaon-based QuickDel Logistics in February last year and rebranded to Gojavas. Jabong is currently listed as a client of Gojavas. Last month, e-commerce company Infibeam…
- MediaNama Daily: It’s not you, it’s your data January 28, 2023
- Why is Google not fully complying with India’s orders, MapmyIndia CEO asks January 27, 2023
- Unique Identification Authority of India working on age verification through e-KYC January 27, 2023
- Views: Why India’s “indigenous” smartphone operating system BharOS is overhyped January 27, 2023
- Here’s why Twitter employees’ access to its ‘God Mode’ function is a problem January 27, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...