Stellar Value Chain, a tech-enabled consumer supply chain firm, plans to invest Rs 200 crore in setting up 25 fulfillment and sortation centers across India to expand its e-grocery supply chain offerings during the current fiscal year.
The company statement stated that a portion of the investment will also go toward technology integration to improve operational efficiency. It will also invest in developing an electric vehicle (EV) fleet to create an EV-based transportation network to facilitate e-grocery delivery.
Speaking on the development, Anshuman Singh, Chairman, and 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.”
The company has already rolled out modern infrastructure in many Tier I/II and Tier III cities. A strong HR team, combined with a learning and development program, ensures staff recruitment and skill development training and contract staff upskilling to make them operationally ready for new sites within days.
Besides that, the company has created a specialized module, Stellar Productivity Enhancement and Engineering Design (SPEED), to improve the agility and efficiency of grocery fulfillment centers through the use of advanced technology and automation.
SPEED is ideal for e-grocery players looking to improve the performance of grocery fulfillment center operations, reduce overheads, and fully utilize the storage capacity of those centers, according to the company.
Founded in 2016, Stellar, headquartered in Mumbai, claims to have more than 12 million square feet of Grade-A distribution centers, fulfillment centers, and transportation facilities spread across 30 cities, serving 15,000 pin codes with 350 branches.
It has over 1,000 customers from a wide range of industries. Along with value chain transformation, the company offers supply chain tech-driven solutions such as express logistics, contract logistics, less-than-truckload transportation, temperature-controlled transportation, and so on.
The company intends to build 50 million square feet of modern warehousing operations spread across 40 logistics parks and 21 cities, as well as to operate a cross-country fleet of 50,000 vehicles in all major logistics formats. Stellar aspires to place India among the top five countries in the Global Logistics Performance Index.
Stellar Value Chain Solutions has acquired two businesses. Their recent acquisition was On February 7, 2018, they acquired Innovative Logistics Services Pvt. Ltd. They paid $1 billion for Innovative Logistics Services Pvt. Ltd, according to Crunchbase.