Connect with us

Latest News

Paytm Mall To Invest $ 35 Million In Logistics Arm

Published

on

Paytm Mall To Invest in Logistics Arm,Paytm Mall,Logistics Arm,Paytm Mall CEO,Paytm Mall Business,Logistics Business,2017 Latest Business News,Startup Stories

Paytm India’s ecommerce arm Paytm Mall, is planning to invest $ 35 million in its technology and logistics infrastructure to strengthen their logistics network. The company will also be adding more product offerings to further strengthen its position in the market ahead of the crucial festive season.

Amit Sinha, the COO of Paytm Mall said they are investing in technology and infrastructure expansion of their logistics network to make sure there is a seamless process for a consumer to place an order and receive deliveries in a day. “This is being rolled out in about 25 cities but plans are afoot to quickly take it to other pin codes,” he added. The Alibaba backed company also said it plans to cut down on its delivery timelines for partner merchants and has partnered with three large logistics players Delhivery, Blue Dart and Xpressbees along with specialized local couriers such as Shadowfax and Book a Wheel to expand its delivery reach.

The company is also partnering with local delivery players in a bid to ensure same day and next day deliveries and expand the delivery reach to about 17,000 pin codes. The company recently delisted 50% of their logistics partners and 30 courier aggregation centers in an attempt to revamp their seller on boarding process. 

The ecommerce arm of Paytm Mall was launched in 2017 and competes against giants like Flipkart and Amazon.  The platform also seeks to go deeper into smaller cities and scale up their partner network with 3000 new agents to compete against Amazon, who recently passed a special resolution to infuse over Rs. 400 crores in their logistics arm in the wake of festive season sales.

In June, the ecommerce arm Paytm ECommerce Pvt., Ltd., raised $200 million in a funding round from Alibaba and venture capital firm SAIF Partners. The company also announced to invest $ 5 million in their Shopkeeper Inclusion Programme to address the needs of its partners.

Continue Reading
Advertisement
3 Comments

3 Comments

  1. Emilio

    March 13, 2025 at 4:48 am

    Hello there! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my website to rank for
    some targeted keywords but I’m not seeing very good success.
    If you know of any please share. Many thanks! You can read similar text here:
    Coaching

  2. Aurora

    March 27, 2025 at 1:38 am

    I’m extremely inspired together with your writing abilities and also with the layout in your weblog. Is that this a paid subject or did you modify it your self? Either way keep up the nice high quality writing, it’s uncommon to see a nice weblog like this one these days. I like startupstories.in ! Mine is: Blaze AI

  3. Lucius

    March 27, 2025 at 3:16 pm

    I’m really impressed together with your writing talents and also with the structure to your blog. Is that this a paid subject or did you modify it yourself? Either way stay up the excellent high quality writing, it is rare to peer a great blog like this one these days. I like startupstories.in ! It is my: Affilionaire.org

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Jio BlackRock Gets SEBI Approval to Launch Brokerage Operations in India

Published

on

Jio-Financial

Jio BlackRock Broking Private Limited, a joint venture between Jio Financial Services and BlackRock Inc., has received final approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm. The regulatory nod, granted via a certificate of registration issued on June 25, 2025, allows the company to function as both a stockbroker and a clearing member in India’s financial markets. This milestone follows a series of regulatory clearances for the Jio BlackRock ecosystem, including approvals for mutual fund and investment advisory businesses, underscoring the joint venture’s ambition to build a comprehensive, digital-first financial services platform.

As a wholly owned subsidiary of Jio BlackRock Investment Advisers, the broking arm aims to deliver affordable, transparent, and technology-driven execution services to Indian investors. The company’s leadership has emphasized that the new platform will empower self-directed investors with seamless execution capabilities, complementing its broader strategy to democratize access to investment solutions in India. The approval is expected to further strengthen Jio BlackRock’s position in the rapidly expanding financial services sector, offering a full suite of products from mutual funds and advisory to brokerage, all accessible through user-friendly digital channels.

The market responded positively to the news, with Jio Financial Services shares rising over 4 percent following the announcement. Industry analysts view this regulatory milestone as a significant step in Jio BlackRock’s efforts to transform India’s investment landscape, moving the country closer to becoming a nation of investors rather than just savers.

 

Continue Reading

Latest News

CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

Published

on

BharatGPT

CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

BharatGPT Mini’s architecture is optimized for deployment across various sectors, including healthcare, education, banking, and governance, allowing citizens to interact with essential services in their native languages. The model can be integrated into small businesses, government offices, and other organizations through the CoRover Builder platform, which offers a no-code solution for deploying AI assistants across web, telephony, and IoT systems. By processing data locally and encrypting it on-device, BharatGPT Mini ensures strong privacy and data sovereignty, aligning with India’s strategic goal of developing indigenous AI solutions. 

The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.

Continue Reading

Latest News

Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

Published

on

Equark - StartupStories

Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

Continue Reading
Advertisement

Recent Posts

Advertisement