Technology-enabled logistics firm Rivigo said on Thursday it has raised a funding of $65 million in its ongoing series E round, led by existing investors Warburg Pincus, a private equity fund, and SAIF Partners, a multi...
Blackstone to acquire US warehouse assets from GLP for $18.7 billion
Blackstone Group LP is buying U.S. industrial warehouse properties from Singapore-based logistics provider GLP for $18.7 billion, in what the companies billed as the largest private real estate transaction globally. The...
Blackstone in $18.7 billion deal to acquire U.S. warehouse assets from GLP
Blackstone Group LP is buying U.S. industrial warehouse assets from Singapore-based logistics provider GLP for $18.7 billion, in what the companies said was the largest private real estate transaction. Blackstone, the...
BlackBuck raises fresh funds in series D round
Zinka Logistics Solutions Pvt. Ltd, which operates online freight service provider BlackBuck, said it has raised $150 million ( ₹1,050 crore) in a Series D equity funding round led by Goldman Sachs Investment Partners...
Allcargo plans to invest Rs 1,000 crore in logistics park development
Allcargo Logistics, part of the Avvashya group, has no plans to set up more container freight stations or inland container depots. The company said it would focus on developing logistics parks that is witnessing growing...
Warburg Pincus-backed Stellar Value Chain buys logistics firm Patel Roadways
Warburg Pincus-backed Stellar Value Chain Solutions Pvt. Ltd has acquired Patel Roadways, a company operating in the express logistics segment. Stellar caters to the logistics needs of customers across e-commerce...
BlackBuck raises Rs 550 cr from Accel Partners US, Goldman Sachs, B-Capital
BlackBuck, a logistics start-up backed by Sequoia Capital, has raised Rs 550 crore from Accel Partners US, Goldman Sachs and B-Capital, at a valuation just shy of a billion dollars. The recent company filings, sourced...
Denmark’s DSV to buy logistics company Panalpina in $4.6 billion deal
Swiss logistics group Panalpina has bowed to an increased 4.6 billion Swiss francs ($4.6 billion) bid from Danish rival DSV, ending a more than two month takeover battle designed to build scale in the consolidating...
BlackBuck in talks with B-Capital, Goldman Sachs to raise $150 mn
Logistics start-up BlackBuck is close to sealing a new financing round of $150 million from new and existing investors to support a major push into financial services, truck servicing and other businesses. This move...
Dubai’s courier giant Aramex sells India unit to logistics startup Delhivery
Soon-to-be unicorn logistics startup Delhivery has acquired India operations of the Dubai-based logistics company Aramex. Delhivery’s co-founder Suraj Saharan confirmed the development however didn’t provide further...
Morgan Stanley arm buys majority stake in Pune’s KSH Infra for ₹350 crore
Morgan Stanley Real Estate Investing (MSREI) has picked up a majority stake in Pune-based warehouse and logistics park developer KSH Infra Ltd for around ₹350 crore. MSREI is the private real estate investment...
Walmart, Google-backed Deliv end online grocery partnership
Walmart Inc and logistics firm Deliv pulled the plug on a key same-day grocery delivery partnership, dealing a setback in the retailer’s race against rival Amazon.com Inc to deliver groceries to customers’ homes. The...
