Online fashion store Myntra is expanding into home furnishing, precious and non-precious jewellery and personal care segments. LogiNext, a Mumbai-based logistics analytics startup, has launched last mile delivery platform Sprintr.
Myntra to expand into home furnishing & personal care segment
store Myntra is expanding into home furnishing, precious and non-precious jewellery and personal care segments.
This will help the company to reach its target of profitability by 2017. It expects Rs 500 crore revenue from the home furnishing segment in the next couple of years for which Myntra has partnered with 40 brands and expects to launch in July this year.
Myntra is also in advanced talks to manage the local retail chain of Forever 21. Last month, Flipkart
invested Rs 338 crore ($50.9 million) in Myntra, according to documents filed with the Registrar of Companies.
Mumbai-based LogiNext launches Sprintr
LogiNext, a Mumbai-based logistics analytics startup, has launched last-mile delivery platform, Sprintr which offers a technology-driven platform to both clients and delivery partners.
“Last-mile delivery continues to be a pain point, even for established delivery companies. At Sprintr, we cater to bundled deliveries within a locality across different verticals, including pharmaceutical goods, apparel, e-commerce, groceries, food delivery and even e-KYC,” said Dhruvil Sanghvi, chief executive and co-founder, LogiNext.
Currently operational in Gurgaon, Mumbai, Jaipur and Ahmedabad, Sprintr has 250 delivery personnel and managing over 5,000 daily deliveries.
Loginext specialises in cloud-based solutions for clients in the e-commerce and hyperlocal deliveries sectors.
, Dhruvil Sanghvi
, hyperlocal deliveries