You are here: Home » Companies » News
Business Standard

Mahindra's SmartShift targets 1 mn stakeholders by 2019

The company has so far garnered 10,000 stakeholders and claims to clock about 1,200 transactions every day

Press Trust of India  |  Mumbai 

Anand Mahindra, chairman of Mahindra & Mahindra
Anand Mahindra, chairman of Mahindra & Mahindra

Group-owned SmartShift, an aggregator for owners and transporters, is targeting to build a community of one million stakeholders in three years.

The company, which has completed one year of operations, has so far garnered 10,000 stakeholders and claims to clock about 1,200 transactions every day.

"Going ahead, we will continually focus on nurturing customer relationships and move beyond mere transactional business to add significant value to customers' lives,"  Kausalya Nandakumar, CEO, SmartShift, told reporters on Wednesday.

The company has been growing 50 per cent month-on-month, and is servicing over 500 pin codes in two cities apsrt from fulfulling the last mile requirements of over 25 corporates, she added.

"Currently operational in and Hyderabad, the platform plans to extend its services to two more cities during the current financial year as part of its overall expansion plans across India," she said.

According to industry estimates, the logistic space in the country is pegged at USD 130 billion with up to 40 percent being in the intra-city space.

is the first in-house startup incubated within the Group.

Elaborating on the company's revenue model, Nandakumar said is "revenue positive" now, and works on a commission-based model, which is collected from the transporter.

Since its inception the company has collaborated with LendingKart to provide collateral free loans to business owners including Insurance Brokers and Indian Oil Corporation.

RECOMMENDED FOR YOU

Mahindra's SmartShift targets 1 mn stakeholders by 2019

The company has so far garnered 10,000 stakeholders and claims to clock about 1,200 transactions every day

The company has so far garnered 10,000 stakeholders and claims to clock about 1,200 transactions every day
Group-owned SmartShift, an aggregator for owners and transporters, is targeting to build a community of one million stakeholders in three years.

The company, which has completed one year of operations, has so far garnered 10,000 stakeholders and claims to clock about 1,200 transactions every day.

"Going ahead, we will continually focus on nurturing customer relationships and move beyond mere transactional business to add significant value to customers' lives,"  Kausalya Nandakumar, CEO, SmartShift, told reporters on Wednesday.

The company has been growing 50 per cent month-on-month, and is servicing over 500 pin codes in two cities apsrt from fulfulling the last mile requirements of over 25 corporates, she added.

"Currently operational in and Hyderabad, the platform plans to extend its services to two more cities during the current financial year as part of its overall expansion plans across India," she said.

According to industry estimates, the logistic space in the country is pegged at USD 130 billion with up to 40 percent being in the intra-city space.

is the first in-house startup incubated within the Group.

Elaborating on the company's revenue model, Nandakumar said is "revenue positive" now, and works on a commission-based model, which is collected from the transporter.

Since its inception the company has collaborated with LendingKart to provide collateral free loans to business owners including Insurance Brokers and Indian Oil Corporation.
image
Business Standard
177 22

Mahindra's SmartShift targets 1 mn stakeholders by 2019

The company has so far garnered 10,000 stakeholders and claims to clock about 1,200 transactions every day

Group-owned SmartShift, an aggregator for owners and transporters, is targeting to build a community of one million stakeholders in three years.

The company, which has completed one year of operations, has so far garnered 10,000 stakeholders and claims to clock about 1,200 transactions every day.

"Going ahead, we will continually focus on nurturing customer relationships and move beyond mere transactional business to add significant value to customers' lives,"  Kausalya Nandakumar, CEO, SmartShift, told reporters on Wednesday.

The company has been growing 50 per cent month-on-month, and is servicing over 500 pin codes in two cities apsrt from fulfulling the last mile requirements of over 25 corporates, she added.

"Currently operational in and Hyderabad, the platform plans to extend its services to two more cities during the current financial year as part of its overall expansion plans across India," she said.

According to industry estimates, the logistic space in the country is pegged at USD 130 billion with up to 40 percent being in the intra-city space.

is the first in-house startup incubated within the Group.

Elaborating on the company's revenue model, Nandakumar said is "revenue positive" now, and works on a commission-based model, which is collected from the transporter.

Since its inception the company has collaborated with LendingKart to provide collateral free loans to business owners including Insurance Brokers and Indian Oil Corporation.

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard