Stellar Value Chain Solutions, one of the largest tech-driven consumer supply chain companies in India, will invest Rs.200 crore to boost its e-grocery supply chain offerings in FY21-22.
“The investment will help the company to set up 25 fulfillment and sort centers across the country in the current financial year to strengthen its e-commerce supply chain network,” Stellar in its statement said.
Apart from setting up fulfillment and sort centers, Stellar Value Chain Solutions will invest in technology integration as well to enhance operational efficiency.
“It will also infuse money into rolling out a fleet of electric vehicles (EV) to develop an EV-based transportation network to facilitate e-grocery delivery,” the statement added.
Commenting on the development, Anshuman Singh, Chairman & Managing Director, Stellar Value Chain Solutions Pvt. Ltd. Said, “Changed buying pattern of consumers and a sense of convenience has made e-grocery one of the attractive and highly competitive e-commerce segments. Our enhanced e-grocery supply chain will help companies develop a strong delivery backbone.”
In addition, Stellar Value Chain Solutions has developed a specialized module called Stellar Productivity Enhancement and Engineering Design (SPEED) to enhance the agility and efficiency of the grocery fulfillment centers by adopting advanced technology and automation.
SPEED is ideal for the e-grocery players aiming to boost the performance of grocery fulfillment center operations, reduce the overheads and fully utilize the storage capacity of those centers.
The company has also rolled out modern infrastructure in several Tier -1, 2, 3 cities.