Thursday, Mar 28 2024 | Time 20:59 Hrs(IST)
image
Press Releases » PNN


Evolution of the ‘Letter Box’ in India: From Red Letter Box to Digital PodBank

The year 2020 begins a new decade so the innovations will also be interesting and unique and we shall get to see various high tech products and services in action. One such innovation is a Digital Parcel Locker called a PodBank and is made by a company called Podrones Logistics Pvt. Ltd. a startup with big plans based in Pune.

Digital PodBank

PodBanks are typically deployed in office complexes and residential societies. Delivery persons drop parcels into the PodBank and recipients in such buildings can collect their parcels from the PodBank any time of the day.This relieves them from the hassle of waiting at home for a parcel or leaving meetings or their work to go and pick up a parcel on the delivery person schedule.This also allows real estate managers to secure the flow of delivery personnel in their buildings and provides convenience for the tenants ndash; those who receive parcels from online and other shopping.

ICICI Bank recently launched a new initiative named iBox which is based on the PodBank.A first for the industry it consists of a PodBank from which customers can collect their deliverables such as debit cards credit cards cheque books and returned cheques.The iBox is typically placed in the ATM lobby of branches in 17 cities thus allowing customers to pick up their deliverables 24x7.Customers are therefore no longer limited to picking up their deliverables only during banking hours.Not only that they do not have to stand in the queues at the counter ndash; they simply use the OTP based verification system to login on the touch screen and the locker containing their deliverable opens automagically!

The company CEO Aniruddha Gupte told us that the PodBank is the first electronic locker manufactured in India. The company also makes individual Pods for use at the door to a house or flat.They have integrated their operations with the leading eCommerce companies banks as well as 3PL providers pan India thus allowing delivery personnel of those companies access to drop off parcels at the PodBanks and Pods.In addition Podrones also provides their own delivery services.In the future a significant number of deliveries will be performed by drones.The company already has a patent on the delivery of parcels to lockers using drones.

PodBanks will become ubiquitous in the future ndash; for parcel deliveries as well as pickups even for storage!How the little red Post Box on the street corner has evolved!

About Podrones

Podrones uses technology to disrupt first last-mile logistics.They use a combination of high tech products such as electronic lockers (and in the future unmanned vehicles) in conjunction with a service model to save 30 to 90 percent of first last-mile logistics costs. Podrones currently serves major eCommerce and Logistics companies as well as large Banks.

More News

Punjab Kings XI Receive Grand Welcome at The Centrum Lucknow Ahead of their IPL clash

28 Mar 2024 | 3:41 PM

Punjab Kings XI Receive Grand Welcome at The Centrum Lucknow Ahead of their IPL clash

see more..

Alarm for Mumbai; Rising Temperature and Rising Fire incidents

28 Mar 2024 | 5:07 PM

Alarm for Mumbai; Rising Temperature and Rising Fire incidents

see more..

Shaik Suhana: YIFW Miss Teen World International India 2024 Winner from Vijayawada

28 Mar 2024 | 5:09 PM

Shaik Suhana: YIFW Miss Teen World International India 2024 Winner from Vijayawada

see more..

Workday Nutrition Soon To Launch Nutrition Products For All Working Professionals

28 Mar 2024 | 10:31 AM

Workday Nutrition Soon To Launch Nutrition Products For All Working Professionals

see more..

Revolutionizing Business Banking and Identity Verification: PaySprint Launches, SprintVerify's Candy, and PaySprint's collaboration with InstaBill for SprintNXT

28 Mar 2024 | 1:17 PM

Revolutionizing Business Banking and Identity Verification: PaySprint Launches, SprintVerify's Candy, and PaySprint's collaboration with InstaBill for SprintNXT

see more..
image