Rivigo Services Pvt. Ltd, India’s most valuable logistics start-up, is in talks to raise a large round of funds from new and existing investors as it seeks to expand its trucking fleet and add new clients, three people...
Dubai’s DP World acquires Danish logistics firm Unifeeder
DP World, one of the world’s largest port operators, said on Tuesday it had acquired 100 percent of Unifeeder Group, a Danish logistics company, for 660 million euros ($762.6 million). The acquisition from Nordic...
TVS Logistics in talks to acquire Gati for Rs 1,500 crore.
TVS Logistics, India’s largest logistic services provider, is in talks with smaller rival Gati to buy a controlling stake for about Rs 1,500 crore, signalling bigger investments, in an industry benefiting from a surge...
Temasek, Ascendas join hands to invest $300 million in logistics business
Singapore-based Ascendas-Singbridge Group and Temasek Holdings Pvt Ltd have jointly committed an investment of around $300 million in logistics and industrial real estate projects in India through the Ascendas India...
U.S. grain exporter Bartlett to merge with logistics firm
Bartlett and Company, which says it is a top exporter of U.S. grain to Mexico, will merge with logistics provider Savage Companies, the firms said on Wednesday, in the latest round of consolidation to hit the struggling...
Carlyle-backed Delhivery looks to hire investment bankers for potential share sale
Logistics services provider Delhivery has started work on a potential initial public offering, three people aware of the development said. “Delhivery is looking to go public and they have initiated a process to appoint...
PandoCorp raises $2 million from Nexus and others
PandoCorp Pvt. Ltd, a start-up that digitizes logistics operations for companies, on Monday said it has raised $2 million in a round led by Nexus Venture Partners. Kashyap Deorah, founder and chief executive officer at...
Logistics start-up Loadshare raises funding from Stellaris Venture and Matrix Partners
Bengaluru-based logistics start-up Loadshare, which focuses largely on small and medium enterprises (SMEs), has raised an undisclosed amount of funding led by Stellaris Venture Partners and Matrix Partners India. The...
Warburg Pincus-backed company to buy Innovative Logistics
Stellar Value Chain Solutions, a logistics company backed by global private equity firm Warburg Pincus, is acquiring Innovative Logistics Services in an all-cash deal worth a tad less than Rs 100 crore, said two people...
Future Group in talks to buy Snapdeal’s logistics arm
Future Group, India’s largest retailer, is said to be in talks to buy online retail platform Snapdeal’s logistics arm Vulcan Express for about Rs 50 crore in an all-cash deal. Vulcan Express, which manages...
Flipkart’s logistics arm Ekart Logistics raises Rs 16 bn from Klick2Shop
E-commerce major Flipkart’s logistics arm Ekart Logistics has received a funding of Rs 16.32 billion recently from Klick2Shop, as per regulatory filings. According to documents filed with the Corporate Affairs...
LOGOS India raises $400 million for logistics venture
Logistics investment and development firm LOGOS India has raised $400 million in equity capital from Ivanhoé Cambridge, a real estate subsidiary of Caisse de Dépôt et Placement du Québec (CDPQ), Canada’s second largest...
