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Flipkart has acquired stake in MapmyIndia

Flipkart has acquired a strategic minority stake in navigation and tracking solutions provider MapmyIndia for the purpose of strengthening its supply chain management.

Binny Bansal, COO and Co-founder at Flipkart said that “With this strategic investment, we are taking another concrete step towards transforming the supply chain ecosystem in India, making technology and information the driver of our supply chain and logistics solutions”.

Rakesh Verma, MapmyIndia Managing Director and Co-founder said that the company is “thrilled” to welcome Flipkart as a strategic minority investor and looked forward to sharing its domain expertise with them.

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