27 May 2022 , 10:51 AM
This patent received is for Delhivery’s innovation in address verification and location mapping – ‘System and method for validating geographic location accuracy for an address.’
Addfix uses unstructured and incomplete or error-ridden addresses provided by customers and breaks them down into different geographical elements like country, state, city/town, locality, street, landmark, building, postal code, etc. to provide with an accurate location for an address.
The system has been built using intelligence data gathered from over a billion successful deliveries since inception and is curated to clock greater accuracy with every passing delivery.
Commenting on the patent, Kapil Bharati, Executive Director, and Chief Technology Officer, Delhivery, said, ‘As a company, our proprietary technology is a core differentiator, and this patent reflects on our commitment to design tech solutions that enhance the efficiency and reliability of our customer’s supply chains. The company has also externalized Addfix and other location intelligence services to customers across the e-commerce and BFSI sectors.’
At around 10.55 AM, Delhivery was trading at Rs515.15, up by Rs9.85 or 1.95% against its previous close of Rs505.30 on NSE. It opened at Rs501.30 and touched intraday high and low of Rs522.75 and Rs501.30 respectively so far.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.