Gati invests in e-com facilitator BrownTape Tech, nets Rs. 8.4 cr in Q2
Gati Limited has posted a consolidated net profit of Rs. 8.4 crore for the second quarter ended September 30, 2106 as against a profit of Rs. 8.3 crore for the corresponding quarter last year.
The express distribution and supply chain solutions company posted a consolidated revenue of Rs. 425.64 crore for the second quarter, as against Rs. 404.94 core, for the same period last year.
The company announced it has invested in BrownTape Technologies, a cloud-based software solutions company which helps online merchants manage their order for multiple e-commerce marketplaces.
“The relationship with BrownTape will form an important part of the company’s long-term growth strategy. The alliance will work on the vision of simplifying e-commerce for all levels of online sellers,” Dhruv Agarwal, Chief Strategy Officer of Gati, said.
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thehindubusinessline.com
