Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Industry / Retail/  Quikr launches fleet of trucks to strengthen home delivery service
BackBack

Quikr launches fleet of trucks to strengthen home delivery service

Quikr says the fleet will help it facilitate price negotiation, payment, pick-up and delivery

E-commerce companies have significantly enhanced logistics capabilities to compete in a market that is expected to see $48-60 billion online retail sales by 2020 from $4.47 billion in 2014, according to a report by financial services firm UBS AG published in April last year.Premium
E-commerce companies have significantly enhanced logistics capabilities to compete in a market that is expected to see $48-60 billion online retail sales by 2020 from $4.47 billion in 2014, according to a report by financial services firm UBS AG published in April last year.

Bengaluru: Online classifieds firm Quikr India Pvt. Ltd on Wednesday launched a fleet of trucks to strengthen Quikr Doorstep, its home delivery service. The company said this will help it facilitate price negotiation, payment, pick-up and delivery.

The fleet will work in parallel with Quikr’s external logistics partners, the company said in a statement.

“A key part of this is to offer a seamless way for consumers to move goods around. It’s not an easy problem to solve because, unlike e-commerce, it involves two separate consumer touch points instead of one. But that’s precisely wherein lies the opportunity to bring convenience to the consumers and we feel we owe it to them,"said Pranay Chulet, founder & chief executive of Quikr, in a statement.

E-commerce companies have significantly enhanced logistics capabilities to compete in a market that is expected to see $48-60 billion online retail sales by 2020 from $4.47 billion in 2014, according to a report by financial services firm UBS AG published in April last year.

Amazon.in has invested in increasing the number of warehouses from eight to 21 last year. Snapdeal (Jasper Infotech Pvt. Ltd) has infused about 237 crore for a 42% stake in GoJavas to improve its speed of order deliveries. Flipkart Ltd has bought back its logistics business from WS Retail Services Pvt. Ltd thought a new entity called Instakart Services Pvt. Ltd.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 20 Apr 2016, 09:07 PM IST
Next Story footLogo
Recommended For You
Retail Stocks
₹4,4192.5%
₹2.040.49%
₹0.82-3.66%
₹3,873.42.28%
₹2,103.61.41%
Switch to the Mint app for fast and personalized news - Get App