Zipaworld, the logistics e-Mall of India—start-up venture of the Delhi based parent company AAA 2 Innovate has leaped ahead with a strategic outlay by acquiring a 30 per cent stake in Radiant X-Ways Logistic. This visionary investment comes soon after the launch and implementation of Zipaworld’s Ocean Freight digital platform.
The amount, however, has not been disclosed by either of the parties to this moment.
Zipaworld is turning the tables the way logistics is dealt with the help of state-of-the-art technology, and strategic collaborations and ventures. The company has already come out with air and ocean freight digital platforms is all set to sprint to their target of digitally integrating the supply chain, improving multimodal connectivity, and easing the complete logistics workflows. The Board of Directors of Radiant X-Ways Logistic has nominated Dr Ambrish Kumar, Founder of Zipaworld, as the Chairman of Radiant.
Zipaworld has much more in store for the near future like extensive coverage of the North Indian market with the help of eco-friendly electronic vehicles, data mining and venture into sheer automation with the help of Machine learning and AI.
“The investment in Radiant marks another milestone for us as we aimed at encompassing and connecting more than 26000 zip codes across India, to the global gateway digitally through the Zipaworld platform,” says Kumar, adding that, “Radiant will help us resolve the first- and last-mile connectivity concerns as the user will be able to book a cargo right from their door to the destination door via one single gateway, without having to go to multiple vendors.”
Radiant X-Ways Logistic was established in year 2013, and within a span of just 8 years, the company has been thriving as a one of the most prominent names across the country catering to express distribution, first- middle- and last-mile connectivity requirement of a huge clientele which includes top electronic brands, automobile spare-parts manufacturers, and pharmaceutical manufacturers and distributors, through all means of multimodal transportation and a vast warehousing network.
Radiant has a pan-India presence with 39 offices across 27 states. It has more than 50,000 sq ft area of supply chain facilities and a strong workforce handling more than 1000 business orders daily. The direct control over own and fixed transport fleet of specialised vehicles enabling reach to the remotest part of the country makes Radiant commit pick-up from and delivery to any corner of India. In addition to this, their wide network of warehousing network assists in secure storage and rapid movement of cargo.
The company is also a strong player in domestic air cargo transportation handling more than 400 tonnes per month, being directly associated with all the domestic air carriers.
“We are keenly contemplating Zipaworld’s holding and backing in Radiant, mainly for digitising and automating the whole domestic circuit that forms our expertise. Our valuable clients will be highly benefitted with automation and technological advancement. Zipaworld is providing Radiant with a gateway to cater to the international market for our year-old clients and that too from a single-window gateway,” says Prabhakar Pandey, Managing Director of Radiant X-Ways Logistic.
