Pune-based logistics startup ElasticRun on Wednesday announced a fundraise of $40 million, led by Prosus Ventures (formerly Naspers Ventures) with participation from existing investor Avataar Ventures and Kalaari...
GeoPost in talks to pick up 20-25% more in DTDC
French government backed logistics firm GeoPost plans to acquire a majority stake in DTDC Express. Geopost, which already owns 42% stake in DTDC, is in intial stages of discussions to buy another 20-25% stake in DTDC...
SoftBank Vision Fund to acquire additional stake in Delhivery
SoftBank Vision Fund, the world’s largest technology investor, is set to buy an additional stake from existing shareholders of logistics startup Delhivery Pvt. Ltd, according to filings by an affiliate of the fund with...
Allcargo Logistics in talks to acquire stake in rival Gati
Allcargo Logistics Ltd is in talks to buy a stake in smaller rival Gati Ltd, people with knowledge of the matter said, as India’s biggest cargo company attempts to boost its presence across Asia’s third-largest economy...
Japan’s Nippon Express to buy 22% stake in Future Supply Chain
Kishore Biyani’s Future Supply Chain Solutions Ltd (FSC), which provides supply chain and logistics services to businesses, on Friday said it will sell 22% stake in the firm to Nippon Express Co, one of Japan’s largest...
CPPIB plans to invest $115 million in logistics provider Delhivery
Canada Pension Plan Investment Board (CPPIB) has said it is putting $115 million (Rs 8,250 crore) in Delhivery, one of India’s leading third-party logistics providers. Delhivery operates in over 2,000 cities and towns...
Coffee Day group puts Sical Logistics on sale
Coffee Day Enterprises Ltd (CDEL), the company founded by late coffee tycoon V.G. Siddhartha, has put its Sical Logistics unit on the block as it seeks to pare debt, three people directly aware of the matter said. CDEL...
Logistics firms buy 35% stake in Swiss Railways cargo unit
A group of logistics services companies has bought a 35% stake in the Swiss Federal Railways cargo unit, SBB Cargo AG, in an effort to move more goods to trains from roads and return the government-controlled freight...
Denmark’s DSV acquires Swiss logistics group Panalpina
Denmark’s DSV (DSV.CO) said on Monday it has completed the acquisition of Swiss logistics group Panalpina (PWTN.S), creating the world’s fourth largest freight-forwarding company. The Swiss logistics group accepted a...
Australia’s Automotive Holdings to sell its refrigerated logistics business
Australian car dealer Automotive Holdings Ltd on Friday said it had decided to sell its refrigerated logistics business following a strategic review and had informed its suitor AP Eagers. AP Eagers, Automotive’s biggest...
UPS buys stake in TuSimple, testing self-driving trucks in Arizona
UPS said on Thursday it has bought a minority stake in self-driving company TuSimple, and the world’s largest package delivery company has been testing the startup’s autonomous trucks since May on a busy freight route...
TVS Group looks to sell 20% stake in logistics arm for up to ₹400 crore
TVS Group plans to raise ₹350- ₹400 crore by selling about a 20% stake in its logistics and warehousing business to private equity investors, said two people aware of the development, requesting anonymity. TVS...
