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Ratan Tata invests in logistics firm Mailit

Ratan Tata has invested an undisclosed amount in Mailit, a technology-driven mailroom management and logistics company. Mailit revealed that it intends to roll out 500 mailrooms across the country in addition to installing fully mechanized warehouse and distribution centers in the next five years.

Mailit offers courier, cargo, 3PL, mailroom management digital solutions, and postal services to big corporates and various blue-chip companies in the Tata Group.

A statement from the company revealed that it is focused on creating the country’s first digitally Integrated Logistics & Mailroom Solutions (IL&MS) platform delivering much-needed stabilization, improved efficiency, and visibility to a fragmented marketplace.

Mailit will focus on strengthening the complete value chain bringing smooth end-to-end distribution with real-time visibility, hence decreasing the overall logistics and distribution costs, it added.

“With the government reiterating its commitment to strengthening the infrastructure sector, Tata believes the Mailit IL&MS platform will bring in cost optimization, build operational efficiencies in the supply chain and create employment opportunities across India,” the statement said.

Mahesh Shirodkar, founder and CMD of Mailit, said the investment by Tata “opens up a wider growth prospect” for the company.

“We intend to scale up the operations across geographies. With our state-of-the-art operations and trained professionals backed by the use of the most innovative technologies available today, Mailit expects an upward trajectory from here on,” he added.

The Tata Sons chairman emeritus has been actively investing in startups, ranging from e-commerce companies, pet care firms to cab aggregators. Previously, he has backed companies like Snapdeal, Kaaryah, DogSpot, Urban Ladder, Bluestone, CarDekho, Sabse Technologies, Xiaomi, and Ola.

The funding comes at a great time for mailit as it is looking to improve its growth trajectory. The company offers unique services and the latest funding could put it ahead of its competitors.

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