Country’s largest oil marketing company Indian Oil today announced its partnership with logistics start-up firm Fortigo, aimed at providing technology based solutions to small truck owners. Fortigo is funded by various venture capitalists including Infosys co-founder Nandan Nilenkani. The partnership between Indian Oil and Fortigo, a first-of-its-kind in the industry, would help small truck owners to manage the inventories and plan operations effectively saving time and reduce 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 to 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.
Source: Business-StandardIndian Oil ties up with start-up firm Fortigo
Industry: Oil 2016-01-12
