Aramex, an international express, mail delivery and logistics services company has invested in Grab.in, a last mile mobile-based company and Logisure which is again into delivery to strengthen its last-mile delivery service in the e-commerce market in India.
The company has made a commitment to invest Rs 20 crore in last-mile delivery company Grab, which is backed by Zomato backed, which does on-demand hyperlocal deliveries as well as first mile and reverse logistics across 10 cities. It works with Snapdeal, Zomato, McDonalds, Pantaloons and Grofers among others. There are not much details available yet, about the investment in Logisure.
In a statement given to a newspaper ET, Percy Avari, country manager for Aramex India has said:
“Ecommerce’s contributions to our overall revenue are on the rise,…Due to the rise of the Omni-channel shopping model, we believe customers will be soon looking for new and more delivery solutions, especially for same-day deliveries of ecommerce sales.”
Based out of Dubai, Aramex is expanding its e-commerce footprint across West Asia, Asia and Africa and also recently launched ‘Rapid Scaling-Up’ initiative. The investments in Grab and Logisure are part of this initiative to leverage partnerships with mobile-based startups to improve last-mile delivery solutions. Earlier as well the logistics company announced an investment of USD2.94 million in a Series-B round of the UK-based what3words, which is creating a global grid of three word addresses.
The post Aramex invests in Grab.in and Logisure as part of its ‘Rapid Scaling-Up’ initiative appeared first on KnowStartup.