US logistics firm XPDEL to invest about Rs 370 crore in India; to start with three markets

Xpdel07 Dec, 2021Business

The company plans to start with Delhi NCR, Mumbai and Bengaluru and expand to 20 markets in India over the next two years. US-based e-commerce fulfillment center network XPDEL on November 18 launched its operations in India, and has plans to invest approximately $50 million (Rs 370 crore) over the next five years in supply chain logistics and technology with its partners. The company plans to start its business with three markets - Delhi NCR, Mumbai and Bengaluru - wherein it will offer a range of technology-enabled solutions for the country?s expanding e-commerce market.