Postal Department Profits Up By 900% [Driven By Ecommerce Partnership]January 13, 2016 2016-01-13 16:28
Postal Department Profits Up By 900% [Driven By Ecommerce Partnership]
Ecommerce companies may not be profitable, but the enablers definitely are minting moolah.
Indian Postal department’s revenues largely owing to COD consignments from e-commerce majors has gone up to Rs 1,000 crore in the first nine months of this fiscal, up from Rs 500 crore during the entire whole of FY15, and just Rs 100 crore in FY14. [source]
This unprecedented profit growth by India Post in the past two years upon tying up with e commerce brands is majorly due to its reach into the remotest corners of India.
IndiaPost has partnered with several ecommerce players including Flipkart, Snapdeal, Amazon, Yepme etc.
What’s most surprising is that Amazon was the first one to start India post partnership and still rules the number of shipments per month:
- Amazon sends 3,00,000 packages every month
- Snapdeal (80K)
- Yepme (60K)
- Myntra (50k) and
- Flipkart (30K).