Soon after announcement of Rs 32 crore in O2O expansion in a ‘Retailer Inclusion Programme’ which is aimed at onboarding shopkeepers on the company’s e-commerce platform, Paytm Mall is now planning to invest Rs 225 crore to enhance its tech and logistic network.
To ensure faster and efficient delivery, the Indian e-commerce arm of Paytm is pulling up the socks ahead of festive seasons.
The company also plans to offer same-day and next-day deliveries in electronics and appliances categories across 25 cities and in the coming days it plans to add more products and cities to provide quickest delivery option.
Amit Sinha, CEO, Paytm Mall said, “We aim to build a trusted and highly efficient logistics network to enable our partnered retailers to offer same-day and next-day deliveries.”
He further added, “This will help local shopkeepers offer a more convenient shopping experience and enable brands to save up to 50% on logistics, as they will be able to bypass inter-city logistics costs.”
Launched in February 2017 and backed by Alibaba Group and SAIF Partners, Paytm Mall does not have its own logistics arm, unlike Flipkart’s Ekart and Amazon India’s Amazon Transport Services.
The ecommerce company is currently working with three national courier partners Delivery, Blue Dart, and Xpressbees to expand its delivery reach to about 17,000 pin codes. Paytm is an equity investor in Xpressbees.
It has also tied up with specialised local delivery couriers, including Shadowfax and Book a wheel, to drive the next phase of its expansion.
The SoftBank funded company had recently delisted six logistics partners and 30 courier aggregation centres followed by the move of delisting about 85,000 sellers from its marketplace to make mandatory for sellers to furnish brand authorisation letters.
Paytm Mall: Website