India-based logistics service provider Gati is set to begin investing in startups, the Economic Times has reported, citing a regulatory filing.
Founded in 1989, Gati provides a range of delivery and supply chain services across air, road and rail to a customer base of more than 3,100 businesses.
In addition to its home country, Gati also maintains offices in China, Singapore, Hong Kong, Thailand and Nepal and plans to expand further in a bid to deliver a million packages per day by 2020.
The filing stated: “Gati is exploring the burgeoning startups environment and is looking at strategic investment in startups in the logistics sector.”
The company will shortly announce its first investment in a startup but has not disclosed plans for any formal corporate venturing unit.