Chennai: Indian Oil Corporation, the country's largest oil marketing company, on Monday announced its partnership with logistics start-up Fortigo, aimed at providing technology-based solutions to small truck owners.For latest news on Business & Budget 2017, like us on Facebook and follow us on Twitter.
Fortigo is funded by various venture capitalists including Infosys co-founder Nandan Nilekani.
The partnership between Indian Oil and Fortigo, a first-of-its-kind in the industry, would help small truck owners manage the inventories and plan operations effectively, saving time and reducing transportation costs, a company statement said.
Small truck owners with small fleets can manage logistics issues. The tie-up with Fortigo would also help Indian Oil tap fuel business from fleet operators covered under the Fortigo platform, it said.
During the current financial year, Indian Oil has signed similar tie-ups including rural e-commerce platform StoreKing and e-commerce portal Amazon, the release said.