Zipaworld invests in Radiant X-Ways Logistic to access domestic market
March 25, 2021: Zipaworld, the Indian logistics e-mall, today announced investing stake in Radiant X-Ways Logistic, a 10-year-old express distribution and domestic transportation by air and surface company for an undisclosed amount to gain access to the domestic market and remote parts of the country.
March 25, 2021: Zipaworld, the Indian logistics e-mall, announced investing a stake in Radiant X-Ways Logistic, a 10-year-old express distribution and domestic transportation by air and surface company for an undisclosed amount to gain access to the domestic market and remote parts of the country.
The board of directors of Radiant X-Ways Logistic has nominated Dr Ambrish Kumar, the founder of Zipaworld, as the chairman of Radiant.
“Radiant X-Ways Logistics, established in 2013, is a renowned name across the country catering to the express distribution; first, middle and last-mile connectivity requirement of a clientele which includes top electronic brands, automobile spare-parts manufacturers; pharmaceutical manufacturers and distributors,” says the release.
This investment comes soon after the launch and implementation of Zipaworld’s ocean freight digital platform.
Dr Ambrish Kumar, founder of Zipaworld and chairman of Radiant, said, “The investment in Radiant marks another milestone for us as we aimed at encompassing and connecting more than 26,000 zip codes across India, to the global gateway digitally through the Zipaworld platform. 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 from one single gateway, without having to go to multiple vendors.”
“With the investment, the assurance of Dr Ambrish Kumar towards the end of last year to transport goods to and from any part of the country and offering the manufacturers and exporters global access is turning out to be a reality much ahead of the stipulated time. 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 ventures into sheer automation with the help of Machine learning and AI,” notes the release.
Prabhakar Pandey, managing director of Radiant X-Ways Logistic, said, “We are keenly contemplating Zipaworld’s holding and backing in Radiant, mainly for digitizing and automating the whole domestic circuit that forms our expertise. Our valuable clients will be highly benefitted from 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”.
Radiant has a pan-India presence with 39 offices across 27 states of India. They have more than 50,000 sq ft area of supply chain facilities across India and a workforce, handling more than 1000 business orders daily. The direct control over own and fixed transport fleet of specialized vehicles enabling reach to the remotest part of the country makes Radiant commit pick-up from and delivery to any corner of India.
“Radiant 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,” the release added.