TIL acquires minority stake in e-commerce logistics firm

TIL acquires minority stake in e-commerce logistics firm

MUMBAI: Times Internet Ltd (TIL) has purchased a minority stake in logistics company Delhivery, a move that will help strengthen the last mile delivery system of its e-commerce portal Indiatimes Shopping.

Delhivery manages the entire E-Commerce supply chain - from procurement to warehousing to packaging to last mile delivery system - for its e-commerce partners.

The company with over 12,000 sq ft of warehouse space under management also offers third-party warehousing and transit warehousing services to e-commerce partners and co-ordinate across the supply chain.

Indiatimes Shopping currently works with Fedex, Bluedart, ASL and Aramex as its logistics partners.