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<keyword id="4413389" type="UNKNOWN" weightage="20" keywordseo="brring">Brring</keyword> is a two year old end-to-end perishable <keyword id="108235" type="ORGANIZATION" weightage="20" keywordseo="logistics">logistics</keyword> and supply chain management company headquartered in Bangalore. Unlike the other upcoming startups, this one is probably the only profitable company in this industry and the reason is simple.<br /><br /> 

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<br /> The company’s services include warehouse management, packaging, fleet management, sourcing of staples and groceries, cold chain solutions, first mile and last mile services across 14 cities with manpower of 1500 and fleet of over 200 vehicles.<br /><br /> 

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<br /> <keyword id="3764188" type="UNKNOWN" weightage="20" keywordseo="Abhishek-Nehru">Abhishek Nehru</keyword>, CEO, Brring told business insider that in the past seven months, the company’s revenues hit Rs. 20 crores, all because of ‘applied innovation’ ,”We take the company’s existing logistics model and change it to suit the budget and also the efficiency. Execution is key, the method to do it isn’t set,” <keyword id="6383869" type="PERSON" weightage="20" keywordseo="Nehru">Nehru</keyword> says with much nonchalance. <br /><br /> Nehru also says that they don’t believe in discounting and charge the partner companies fairly in accordance to their services. We don’t compromise on service but then we don’t compromise on our compensation either.<br /><br /> There is an increasing market demand for their customized supply chain and decentralized sourcing services. Case in point,  50% of their revenue comes from Big Basket with over 10,000 deliveries carried out by Brring of 40,000 deliveries that the company does. <br /><br /> 

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<br /> Other customers include grophers, furlenco, ShopX, Udaan,McDonalds’ McCafe etc. They have even figured out cold Chain customized services for 8 Hospitals of <keyword id="89365" type="COMPANY" weightage="20" keywordseo="Fortis">Fortis</keyword> in India by using their resources to suit the partner company.<br /><br /> This small company gets the point, something which most startups are missing; to get ahead, you have to make it happen, no matter what.<br />

This Indian logistics startup is profitable for a simple reason

<ul><li><keyword id="6357120" type="DEFINITION" weightage="20" keywordseo="paytm">Paytm</keyword> has outrightly denied reports that one of its majority shareholders <keyword id="9541717" type="UNKNOWN" weightage="20" keywordseo="Ant-Group">Ant Group</keyword> may sell its entire 30% stake in the startup. </li><li>A Reuters report stated that amid growing tensions between India-China, Ant Group was mulling a possible exit from the Vijay Shekhar Sharma-led company. </li><li>With rising border tensions between India and China, Indian startups with Chinese investments have come under a lot of scrutiny. </li></ul>Indian digital payments leader Paytm has denied reports that one of its majority shareholders Ant Group may sell its entire 30% (worth $4.8 billion) stake in the startup. <br /><br />A <a href="https://in.reuters.com/article/ant-group-paytm/exclusive-chinas-ant-considers-paytm-stake-sale-amid-tensions-with-india-sources-idINKBN28C17R">Reuters report</a> citing sources stated that amid growing tensions between India-China, Ant Group was mulling a possible exit from the Vijay Shekhar Sharma-led company. The Indian government has so far banned almost <a href="https://www.businessinsider.in/tech/apps/news/indian-government-has-banned-220-chinese-apps-so-far-including-pubg-mobile-aliexpress-tiktok-shareit-and-more/articleshow/79390031.cms">220 Chinese apps</a> this year.<br /><br />However, a Paytm spokesperson denied the report. "The information is absolutely false and misleading. There has been no discussion with any of our major shareholders ever, nor any plans, about selling their stake or becoming the controlling shareholder. Our mission is to empower half a billion Indians with digital financial services and pursue the vast opportunity presented by the digital financial revolution in our country. We are seeing a dramatic increase in revenues and acceleration of our path to breakeven,” a Paytm spokesperson told Business Insider.<br /><br />The rising tension between India and China at the Ladakh border has led the government in New Delhi to crack down on foreign direct investments (FDI) from China.<br /><br />Paytm had earlier <a href="https://www.businesstoday.in/current/corporate/paytm-founder-vijay-shekhar-sharma-hails-ban-on-59-chinese-apps-faces-backlash/story/408416.html">faced backlash</a> on Twitter as well for its investments from the Chinese giant.<br /><br />Chinese investors have pumped in an estimated $4 billion into India’s tech startups, which includes bets on 18 out of the country’s 30 unicorns, according to a Gateway House report. The scepticism around Chinese investments in India has been rising, which affects some of the biggest startups in India like Paytm, Ola, Byju’s and more.<br /><br /><strong>China’s biggest funds and their bets in India</strong><br /><br /><table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tencent<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Byju’s, Ola, Dream11, Flipkart, Hike, Swiggy, Udaan, Niyo, Gaana, Doubtnut, Khatabook, MX Player, Pine Labs, Pocket FM, Practo, MyGate.<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Alibaba<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Paytm, Bigbasket, Paytm Mall, Snapdeal, Zomato, Healofy, Ticketnow, Rapido, Vidooly, Xpressbees<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Xiaomi<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hungama, Sharechat, Rapido, ZestMoney, Oye! Rickshaw, City Mall, Marsplay Internet<br /><br /></td></tr></tbody></table><br /><strong>SEE ALSO:<br /><a href="https://www.businessinsider.in/business/startups/news/breather-for-flipkart-as-supreme-court-stays-order-for-cci-probe-over-alleged-abuse-of-dominant-position/articleshow/79528982.cms">Breather for Flipkart as Supreme Court stays order for CCI probe over alleged abuse of dominant position</a><br /><a href="https://www.businessinsider.in/business/corporates/news/burger-king-in-india-isnt-competing-with-just-dominos-or-mcdonalds-the-roadside-chola-bhatura-vendor-is-a-peer-too/articleshow/79526057.cms">INTERVIEW: Burger King in India isn’t competing with just Domino's or McDonald’s⁠, the roadside chola bhatura vendor is a peer too⁠</a><br /></strong><br /><br />

Paytm denies report that Ant Group may dump its stake worth almost $5 billion as India-China tension escalates

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This Indian logistics startup is profitable for a simple reason

Tanya Dubey

Paytm denies report that Ant Group may dump its stake worth almost $5 billion as India-China tension escalates

Sanchita Dash

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