Latest posts by TheStartupMojo (see all)
- Paytm Debit cards will now be delivered via App. Paytm to touch $14 Bn GMV - January 19, 2018
- Angel List started their Syndicates Platform in India - January 17, 2018
- Razor Pay raises $20 Mn as Series B from Tiger Global and Y Combinator - January 16, 2018
One of the global leaders in B2B and B2C ecommerce Alibaba is looking to build on its Indian entity -Paytm Mall to compete with Amazon and Flipkart’s delivery cycle. The company is looking to expand its logistics arm since its launch in Feb, 2017 and as a step to move further in this direction has invested $ 35 Mn (INR 230 Cr approx.) to service next day delivery for the consumers.
Commenting on the development, Paytm Mall Chief Operating Officer Amit Sinha 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. 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.”
Paytm Mall includes structured categories and brand-authorised stores with a focus on electronics, top fashion brands and FMCG categories. . The website seems to hold the eye for detail just like Alibaba’s Ecommerce portal and has a huge range of varieties to shop including Automobiles (2 wheelers). Paytm mall claims to have over 68-million products across categories like fashion, electronics, consumer durables and home furnishings with a user base of more than 1.4 million at the start.