Blue Yonder, a leading digital supply-chain company, is expanding its India base with the recent acquisition of Yantriks, an Indian SaaS provider of commerce and fulfilment solutions.
As a result of this acquisition, 200 Yantriks’ associates have joined Blue Yonder adding to its 5,500 global team. The acquisition is one of the many taking place worldwide for e-commerce companies. This merger combines real-time transactional systems with supply-chain solutions that match the trends of modern commerce.
Yantriks’ expertise will enable Blue Yonder to add more meaningful and specific client-centric services. The Company is now at a better place to provide purposeful supply-chain management solutions for retailers, consumer products and e-commerce companies, in India and globally.
Yantriks lends its expertise to Blue Yonder in performance engineering in maintaining and enhancing commerce, order management and fulfilment capabilities to enable clients to maximise their investments. New recruits and the 200 Yantriks employees joined Yonder’s Luminate Commerce solutions portfolio wing.
Blue Yonder’s expansion comes as no surprise as the growth trajectory of e-commerce in India is expected to go up exponentially. At a time when the pandemic has caused widespread unemployment, scaling up Indian businesses has been critical for the growth of the e-commerce sector and for generating employment.
A recent report, rolled out by Goldman Sachs, shows that by 2024, the Indian ecommerce industry is expected to reach $99 billion, and since 2019 this annual growth rate is at 27 per cent, topped by the grocery and apparel industry as the most profitable.