Tue, Jun 27, 2017 | updated 07:55 PM IST

Myntra leverages LogiNext to optimize logistics, bring down costs

Updated: Sep 09, 2016 16:41 IST      
Myntra leverages LogiNext to optimize logistics, bring down costs

New Delhi [India], Sep 9 (ANI): One of India's leading fashion e-commerce brand Myntra partnered with LogiNext Solutions for enhanced real-time tracking, visibility

and alerts.

Following the association, Myntra was able to save costs, reduce the distance traveled and improve ETA/ETD with dynamic route optimization.

In less than a decade, India has seen a meteoric rise in the e-commerce segment with immense penetration across the four corners. Being amongst the top five players in the e-commerce world, Myntra has proven to be the best when it comes to fashion e-stores.

With such popularity, Myntra experienced a heavy intra-city and inter-city logistics influx, nevertheless managing the supply chain with scalability became more challenging. With increasing number of customers, managing ever-growing demand with a large fleet of delivery boys became a greater challenge.

For enhanced real-time tracking, visibility and alerts, LogiNext, with their product HaulTM empowered Myntra to enrich their brand value within their customer base.

With HaulTM, Myntra was finally able to track their large inter-city shipments more precisely and share real-time movement alerts with end users.

"Deploying the latest technology is the only way forward for businesses today and we are extremely pleased to have found the best partner in LogiNext Solutions. Their expertise in the field of big data analytics and real-time tracking has significantly helped us to track the shipment, optimize routes and provide our valued customers with the precise ETA/ETD. We recommend LogiNext for anyone looking to streamline their logistics, gain better visibility of shipments and delivery personnel and cut-down the operational costs," said SVP-Supply Chain Myntra, Rajul Jain.

"Solving the logistics conundrum for Myntra was a challenge we have enjoyed solving. Since the fashion ecommerce brand had experienced phenomenal growth in its popularity and reach, it was crucial for the brand to solve the logistics influx. We are pleased that our solutions have contributed in reducing costs and optimizing logistics for Myntra and look forward to a long term association with the brand," said Co-founder and CEO of LogiNext Solutions, Dhruvil Sanghvi.

The association between the two brands is poised for growth in the future. Being awestruck by LogiNext's inter-city logistics solutions, Myntra has recently integrated LogiNext's award winning MileTM to manage their Intra-City last mile deliveries as well. (ANI)

Tapp Me's on demand service model in expansion mode

Updated: Jun 27, 2017 18:44 IST     

New Delhi [India], June 27 (ANI-Newsvoir): Tapp Me, a Gurugram-based start-up offering hassle-free day-to-day repair and maintenance services for homes and offices, has taken an initiative of creating job opportunities for local technicians in the emerging smart cities of India. After an extensive market research, a model has been developed providing these local technicians regular earnings by working on a profit sharing basis with Tapp Me.

Full Story >>

i2iFunding emerges as first P2P lending player

Updated: Jun 27, 2017 18:38 IST     

New Delhi [India], June 27 (ANI-Newsvoir): The Indian P2P lending industry is in the nascent stage of development.

Full Story >>

Mumbai [India], June 27 (ANI-Newsvoir): Pushpanjali Realms and Infratech Limited, which is engaged in real estate development in Dehradun, Uttarakhand, is entering the capital market with its initial public offering. The issue, which will open on June 27, 2017 and will close on June 30, 2017.

Full Story >>

New Delhi [India], June 27 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed Finance Ministry's decision to delay the enforcement of tax collection and tax deduction at source under the Goods and Services Tax (GST).

Full Story >>

Adda52 announces release of Adda52 Rummy for Android

Updated: Jun 27, 2017 16:36 IST     

New Delhi [India], June 27 (ANI-BusinessWire India): Adda52 Rummy on Tuesday announced the launch of its highly anticipated mobile app, Adda52 Rummy for Android versions 4.4 ("KitKat") and above.

Full Story >>

SAP India, Govt to empower MSMEs with next-gen technology

Updated: Jun 27, 2017 16:31 IST     

New Delhi [India] June 27 (ANI): Commemorating International day for MSMEs, SAP India on Tuesday signed a Memorandum of Understanding (MoU) with the Ministry of Micro, Small and Medium Enterprises to jointly launch Bharat ERP - an exclusive programme to empower MSMEs with next-gen technology to fuel their digital journey.

Full Story >>

New Delhi [India], June 27 (ANI): The Reserve Bank of India (RBI) on Tuesday issued an advisory letter to banks asking them to incorporate additional provisioning on the 12 loan accounts to be referred to the NCLT (National Company Law Tribunal) under the Insolvency and Bankruptcy Code (IBC), reports Moneycontrol.

Full Story >>

Vishal Sinha appointed as CEO, CWT India

Updated: Jun 27, 2017 15:13 IST     

New Delhi [India], June 27 (ANI): Carlson Wagonlit Travel (CWT) on Tuesday appointed Vishal Sinha as the new CEO of CWT India, and will be based in the firm's head office in Gurgaon.

Full Story >>

New Delhi [India], June 27 (ANI-BusinessWire India): With the recent increase in student intake by almost all the colleges, an unusual trend has been observed by CollegeDunia, one of the largest college aggregator portals that colleges with better reviews on their portal are witnessing an increase in their application rates while those with poor reviews are actually facing scrutiny in terms of admission trends.

Full Story >>

Unicommerce Solutions are now GST-ready

Updated: Jun 27, 2017 14:27 IST     

New Delhi [India], June 27 (ANI-BusinessWire India): Unicommerce, India's leading SaaS-based multichannel order fulfillment platform showcased its Goods and Services Tax (GST) ready solutions for online sellers at an event on Saturday.

Full Story >>

New Delhi [India], June 27 (ANI): Lauding the commitment shown by India and the United States towards increasing market access in the Information Technology (IT) and other sectors, ASSOCHAM on Tuesday asserted that it will be highly beneficial to the upliftment of the USD 150 billion software and services industry in the country.

Full Story >>

New Delhi [India], June 26 (ANI): The Healthcare Federation of India (NATHEALTH) organized its second western roundtable meeting in Mumbai and deliberated on host of issues related to healthcare sector in India.

Full Story >>

New Delhi [India], June 26 (ANI-NewsVoir): Maharishi University of Information Technology, NOIDA celebrated the stellar performance of its students in the recently held Techgig Code Gladiators 2017 contest in Bangalore.

Full Story >>

New Delhi [India], June 26 (ANI-NewsVoir): Anuj Puri, Former Chairman and Country Head of International Property Consultancy JLL India, today announced the launch of ANAROCK Property Consultants Pvt. Ltd., essentially rebranding JLL's erstwhile residential brokerage business which he acquired earlier this year.

Full Story >>

New Delhi [India], June 26 (ANI): Paytm Mall is contributing towards the growth of automobile dealers by bringing their offerings online. This has enabled over a thousand dealerships across the country to reach a wider set of customers.

Full Story >>

New Delhi [India], June 26 (ANI): With the rollout date of the Goods and Services Tax (GST) inching closer, the Finance Ministry on Monday announced a delay in implementation of the provisions of Section 51 and 52 under the CGST / SGST Act, 2017, aiming to ensure smooth rollout of the GST.

Full Story >>

Unidentified men loot 37 lakh from Flipkart centre in Delhi

Updated: Jun 26, 2017 12:25 IST     

New Delhi [India], June 26 (ANI): Unidentified men looted Rs.37 lakh from a Flipkart dispatch centre in the Jhilmil Industrial Area of Delhi yesterday.

Full Story >>

New Delhi [India], June 25 (ANI): Sikshana Foundation, a Karnataka-based NGO, in collaboration with Dell awarded scholarships for the education of 360 underprivileged girl children from rural Karnataka.

Full Story >>

ASSOCHAM-PwC report urges efficient waste disposal

Updated: Jun 25, 2017 09:27 IST     

New Delhi [India], June 25 (ANI): In the wake of an improper waste disposal system, with waste being dumped without sufficient treatment, an ASSOCHAM-PwC study revealed that an estimated 88 square kilometer (sq. km.) of precious land needs to be brought under waste disposal through land filling by 2050.

Full Story >>

New Delhi [India], June 24 (ANI): On the occasion of International Yoga Day on June 21 st, Ruchi Soya Industries Ltd. launched a pioneering initiative, the Ruchi 'Saral Yoga' Abhiyaan to integrate yoga in the corporate routine through daily yoga sessions for all employees.

Full Story >>