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BusinessRatan Tata invests in Mailit

Ratan Tata invests in Mailit

Published: 21st Apr 2021 6:59 pm

New Delhi: Veteran industrialist Ratan Tata has invested in Mailit, technology-driven mailroom management, and logistics company. While the financial details of the investment were not disclosed, Mailit said it plans to launch 500 mailrooms across India in addition to establishing fully mechanized warehouse and distribution centers in the next five years.

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Mailit offers courier, cargo, 3PL, mailroom management digital solutions, and postal services to leading corporates and several blue-chip companies in the Tata Group. Mailit will focus on consolidating the entire value chain bringing seamless end-to-end distribution with real-time visibility, thereby reducing 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,” it said.

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

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