Smartr Logistics is looking to enter into the fast-growing third-party logistics (3PL) business from next year and plans to set up 15 fulfillment centres as well as some big warehousing facilities at select locations, company's MD and CEO, Yogesh Dhingra has said.
Launched last year, the logistics tech-startup also plans to expand its presence to over 250 cities and 6,000 PIN codes by this year-end.
It currently has presence across 50 cities in country along with 75 service centres. "Early next year we will be entering into 3PL business with warehousing facilities and fulfilment centres among others to provide end-to-end service to end-customer," Dhingra told PTI.
He said under 3PL business, company will be doing storage, billing, packaging and delivery to customer, adding, "we are trying to figure out various kinds of business where we can get into and fulfill the logistics needs of the customers." Dhingra said that the company will set up close 15 fulfillment centres and some big warehouses at different locations in the country to cater to the third-party logistics requirements. "By June-end, we are looking to have more than 3,500 PIN codes and close to about 100 cities and by December this year about 250 cities with more than 6,000 pincodes," he said, adding that Smartr Logistics will be launching its Ground Express product from second quarter of forthcoming fiscal year.
Dhingra said that 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 movement for critical shipments as segments are driving growth going forward. Dhingra said as much as 50 per cent of market is premium, while remaining half is semi-premium\low cost.