Smartr Logistics plans to join the fast-growing third-party logistics (3PL) from next year and plans to set up 15 fulfillment centers as well as some major warehousing facilities in select locations, said Yogesh Dhingra, the company’s president and CEO, said .
The logistics tech startup launched last year also plans to expand its presence to more than 250 cities and 6,000 PINs by the end of this year.
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It currently has a presence in 50 cities in the country along with 75 service centers.
“Early next year, we will enter the 3PL business that includes warehousing facilities and fulfillment centers to provide end-to-end service to the end customer,” Dhingra told PTI.
He said that as part of the 3PL business, the company will handle the warehousing, billing, packaging and delivery to the customer, adding: “We are trying to find different types of businesses where we can start and meet the logistics needs. of the customers.”
Dhingra said the company will set up 15 fulfillment centers and some major warehouses in various locations around the country to meet third-party logistics requirements.
“By the end of June, we aim to have more than 3,500 PINs and close to about 100 cities and about 250 cities with more than 6,000 PINs by December of this year,” he said, adding that Smartr Logistics will launch its Ground Express. product of the second quarter of the coming fiscal year.
Dhingra said the company is looking at business-to-consumer (B2C) e-commerce, direct-to-consumer (D2C), which is growing very fast, B2C BFSI and Business-to-business (B2B)
Express move for critical shipments as the segments drive growth going forward.
Dhingra said as much as 50 percent of the market is premium, with the remaining half being semi-premium or low-cost. He said the company offers a premium product with premium prices and another product for the low-cost segment to cover both markets.
He said the company has ties to airlines as there is some 15,000 tons of belly space available for faster freight transport and making the most of that is a win-win situation for both airlines and customers.
Dhingra said that as more airports fall under the government’s regional air connectivity program, UDAAN, it is expected to help the entire e-commerce and logistics industry.
“India will potentially become a hub for the Asia-Pacific. Today it is more Dubai and Hong Kong and the way the government takes initiatives will make India emerge as a very good destination and any export or import movement will also affect the domestic industry,” he wrote.
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