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...
Global Logistic Properties buys European logistics firm for $2.8 billion
Asia’s biggest warehouse operator, Global Logistic Properties (GLP), agreed to acquire European logistics platform Gazeley for about $2.8 billion, marking its first push into Europe and underscoring consolidation in the...
Chinese logistics firm Best, backed by Alibaba, launches $932 million U.S. IPO
Best Inc, a Chinese logistics company backed by Alibaba Group (BABA.N), is launching a U.S. IPO that is seeking as much as $932 million to fund an expansion of its logistics and supply chain network, develop new...
TVS Logistics says it is looking for acquisitions in Southeast Asia
TVS Logistics Services Ltd (TVS LSL), part of the T.V. Sundram Iyengar Sons group, is looking to buy logistics firms in southeast Asia, a region that offers an opportunity worth $500 billion to $600 billion given its...
Seaways plans IPO in 2018, as promoters buy out IDFC PE stake
Seaways Shipping and Logistics Ltd on Thursday said the promoters of the company had bought out the entire stake of 24% that IDFC Private Equity (IDFC PE) held in the company, even as the shipping company plans to go...
Mahindra Logistics files for IPO
Mahindra Logistics Ltd, the logistics arm of the Mahindra and Mahindra Ltd (M&M), on Friday filed the draft red herring prospectus for its proposed initial public offering (IPO). The initial share sale, a pure...
