Logistics articles
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Egypt to Construct 7 Logistical Corridors Connecting Seaports
Egypt devised a strategic plan to construct seven massive logistical corridors, connecting industrial, agricultural, and mining areas with seaports across the Mediterranean and the Red Sea. The corridors will also link the production areas through a network of railways or paved main roads passing through dry ports and logistic zones located on these corridors. This comes with the goal of providing services to newly developed urban communities, enabling economic integration and accessibility for...
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Innovaccer’s new funding round; ONDC’s logistics push
Happy Thursday! SaaS startup Innovaccer is in discussions to raise funding at a flat valuation of $3 billion. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Companies help employees amid the heatwave■ Former BharatPe COO launches venture fund■ Ecom Express posts spike in FY23 revenueKaiser Permanente may steer $250 million funding in SaaS unicorn Innovaccer 109767663Software-as-a-service (SaaS) startup Innovaccer is in the middle of raising a $200-250 million...
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ONDC’s first buyer side logistics app to fix a big gripe
In what could give a boost to Open Network for Digital Commerce (ONDC), the government-backed ecommerce network has approved its first buyer-side app for logistics that will aim to solve one of the biggest sore points of shopping through the network – seamless delivery.The platform, MP2 Innovations, will allow ONDC participants to fetch the best available delivery fleet through a single API instead of tying up with individual logistics companies, people aware of the development said.Across...