Meesho’s Valmo to aid profitability growth, concern for third party players
In February this year, Meesho, the Bengaluru-headquartered social commerce platform, announced the launch of Valmo, its own logistics marketplace. The intention was to democratize third-party logistics and reduce delivery costs, especially for the smaller players.
Four months later, analysts say the impact is being felt by large third-party logistics players.
“In India, the logistics and supply chain is largely unorganised, consisting of local and regional players which serve limited geographies. Through Valmo, Meesho intends to remove the entry barriers for these players and create a national logistics solution,” said a person aware of the new system.