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Paytm Mall to invest $35 mn to fortify logistics & technology division

Paytm Mall plans to fund the logistics and technology with $35 million for expansion purposes.
BY BEx Bureau
BusinessEx
Aug 23, 2017

For further expansion of its technology and logistics infrastructure, Paytm Mall plans to invest $35 million and also bringing more products in its offering to maintain rock-hard base of firm in the market. Also, the firm Paytm E-commerce Pvt. Ltd is in discussions to reduce its delivery timelines for partner merchants.

Paytm Mall is now expanding its logistics support by servicing demand with local supply to service same-day and next-day deliveries, the company said in a statement.

With the plan to limit delivery timelines of electronic goods and appliances in the first phase then the company aims to expand its services to 100 cities and other bring new products to its inventory in the second phase.

Amit Sinha, COO of Paytm Mall said, We aim to build a trusted and highly-efficient logistics network to help local shopkeepers offer more convenient shopping experience to customers and enable brands to save up to 50% on logistics, as they will be able to bypass inter-city logistics costs. In the coming months, we will rapidly increase the number of items and pin codes.

Paytm Mall is currently using the delivery services of Bluedart, Delhivery and Xpressbees to ship products across 17,000 pin codes. To drive its next phase of expansion it has partnered with Shadowfax and Book a Wheel local couriers.

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