Paytm partners LogiNext to scale up its logistics

Alibaba-backed Paytm ties up with LogiNext, a software-based logistics startup, to further extend its marketplace services and scale its logistics in Tier III and IV towns.

The collaboration with LogiNext enables Paytm to reduce costs and increase sales via daily sales process automation, real-time tracking, and enhanced visibility. Also, Paytm with the help of LogiNext products is now further collaborating with nationalized and local unorganized courier services.

Paytm had launched an initiative called SEED, under which it has got a little less than 100 mini-warehouses called Seed Centres. LogiNext’s products — Force and Miles — “will help manage these small SEED Centres, and first- and last-mile small courier partners get online and administer their daily activities in a more optimized way,” according to Bhushan Patil, President of Paytm.

He said, “Paytm wants to delve further into the field, maybe do some KYC requirements. So, products like Force, which is a field workforce optimization software, would help us to make sure that the designated work is done and provides us visibility of our partners in every nook and corner of India."

DhruvilSanghvi, Co-Founder, and CEO, LogiNext added, “Their (Paytm) SEED initiative is going enable further growth and development of the economy, empowering small scale and independent merchants. The next phase of their salesforce and service people optimization will help us save them Millions in operations cost and give them good returns on the investment they made last year.”

LogiNext integrates information with Paytm systems in real-time, which helps them in reconciliation and providing information to the team that is coordinating between the seller & the buyer, thereby improving the experience for all of them.