QikPod, a startup which aims to set up a network of fully automated self serve lockers in residential buildings, offices, cafes and kirana stores for delivery of goods ordered from e-commerce companies, has raised a little over $9 million (Rs 60 crore) from Foxconn, Accel Partners, Flipkart and Delivery, reports ET. The Bangalore based company will use the funds to build its automated lockers, for hiring and technology. Launched by Ravi Gururaj this year, QikPod is building an internet of things (IoT) logistics platform which aims at improving efficiency, convenience and security of last mile delivery operations. QikPod will also come into play while returning ecommerce orders. It will combine the IoT lockers (provided by Foxconn) with a logistics system on the backend, which will handle one third to half of the parcels shipped across India’s metros. It plans to build a parcel locker network of over 50,000 lockers across metro cities in the country. The service is apparently free for consumers and sites which can install and host a locker, and will charge courier companies per use. Gururaj told ET that QikPod will help in reducing carbon emissions through shorter and fewer delivery routes. For example, for Flipkart and Delhivery, QikPod will lessen or avoid the costs of re-delivering a package when its customers are not present at the time of delivery, while for Delhivery, it could push up to 10% of its shipments through the parcel network. The lockers will be have a host of sensors and cameras…
- Meta To Launch EU Operations Center to Combat Election Misinformation February 27, 2024
- Vijay Shekhar Sharma resigns from Paytm Bank board February 27, 2024
- Indonesia enacts regulation requiring digital platforms to pay news publishers for content February 27, 2024
- MeitY amends IT Rules, 2009 widening scope of who gets to delete interception records February 27, 2024
- Bank Record Verification to Facilitate Pension for Those Without Aadhaar: Allahabad HC Ruling February 27, 2024
This amendment widens the scope of those allowed to delete records pertaining to the direction of interception from law enforcement bodies to other authorities...
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...
The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
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...