 "Paytm hits record 5 mn transactions a day")
Soon after Chinese e-commerce major Alibaba announces its initial funding, estimated at around $200 million, in the Vijay Shekhar-led Paytm’s online marketplace platform, investment in a logistics firm is expected to follow. Plans for a significant strategic investment in a logistics firm are being finalised by Paytm E-Commerce for smooth deliveries, sources said.
“Paytm will either completely buy out a company or get into an exclusive partnership with it. Having an in-house operation is always good. All other e-commerce players own logistics firms,” said a source.
The top three e-commerce players in India have in-house logistics firms and
“Paytm will either completely buy out a company or get into an exclusive partnership with it. Having an in-house operation is always good. All other e-commerce players own logistics firms,” said a source.
The top three e-commerce players in India have in-house logistics firms and
