Myntra acquires logistics start-up InLogg
The acquisition by Myntra will help it address its delivery inefficiencies in terms of cost and reach.
Flipkart subsidiary Myntra has acquired logistics start-up InLogg. The acquisition will strengthen the supply chain capabilities. Myntra announced the acquisition of InLogg on Wednesday.
The acquisition by Myntra will help it address its delivery inefficiencies in terms of cost and reach.
InLogg was founded by ex-Flipkart employees and partners with local courier firms in tier II and tier III towns so that it can enable deliveries in non-metro cities. The cost associated with delivering to remote parts of non-metro cities are high in cost for e-commercies companies.
The acquisition of InLogg is expected to reduce the delivery costs of Myntra in smaller cities by about 25%. Myntra's acquisition deal will entail the induction of the InLogg team into the company.
InLogg was started by Preeti Jain along with Prateek Gautam and Hemant Agarwal.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
05:07 PM IST