Trucking logistics start-up Fortigo Network Logistics Pvt Ltd has raised about $10 million in Series A funding from existing investors Accel Partners and Infosys co-founder Nandan Nilekani, according to regulatory...
Mahindra Logistics to come out with IPO or do strategic sale in FY19: CEO
The diversified Mahindra Group may either list or part sell its logistics arm next fiscal to a foreign partner, a top official has said. “There are certain milestones which will be achieved in 2017-18 and in the...
Apollo LogiSolutions in talks to raise Rs300 crore
Mumbai-based Integrated logistics solutions provider Apollo LogiSolutions Ltd (ASL) is in talks with private equity (PE) investors to raise as much as Rs300 crore to fund its expansion plans, according to two people...
U.S. trucking companies Swift and Knight to merge
Trucking and logistics operators Swift Transportation Co (SWFT.N) and Knight Transportation Inc (KNX.N) are merging in a stock-swap deal, creating a company with a market value of more than $5 billion. The merger, which...
Pristine Logistics in talks to raise Rs400 crore from PE investors
CDC-backed logistics services firm Pristine Logistics & Infraprojects Pvt. Ltd has started talks to raise up to Rs400 crore from private equity investors, at least two people aware of the development said. “Pristine...
Pigeon Express in talks to buy out Snapdeal’s GoJavas stake
Logistics firm Pigeon Express is in talks to buy out the entire stake of Snapdeal in its subsidiary, delivery firm GoJavas. “We are in discussion to buy out stake of Snapdeal in GoJavas,” Pigeon Express managing...
Incofin, ResponsAbility invest $20 million in agri-logistics firm Sohan Lal
Incofin Investment Management of Belgium and ResponsAbility Investments AG of Switzerland have jointly invested $20 million (approximately Rs130 crore) in Delhi-based Sohan Lal Commodity Management Pvt. Ltd (SLCM) a...
Warburg Pincus-backed Ecom Express said to raise $150 million
E-commerce-focused logistics firm Ecom Express has initiated the process of raising at least $75 million in a new round of funding, two people aware of the development said. “They (Ecom Express) have recently launched...
TVS Logistics to invest Rs 100 crore in UK-based SPC International
TVS Logistics’ UK arm TVS Rico Supply Chain Services has acquired more than 60 percent stake in SPC International, an Uxbridge (UK) based company with an annual turnover of Rs 165 crores. TVS Logistics will invest Rs...
TVS Logistics picks up 60% stake UK-based SPC International
TVS Logistics, one of the leading integrated supply chain solution providers, has picked up 60% stake in UK-based SPC International through its UK arm TVS Rico Supply Chain Services. TVS Logistics will be investing Rs...
Stellar Value to buy majority stake in Kelvin Cold Chain
Third party supply chain and logistics firm Stellar Value Chain Solutions on Monday said it will acquire a majority stake in integrated cold chain logistics company Kelvin Cold Chain for an undisclosed amount. Ambit...
CDPQ’s proposed purchase of minority stake in TVS Logistics gets CCI nod
Antitrust regulator Competition Commission of India (CCI) on Friday approved the proposed acquisition of a minority stake by Caisse de Dépôt et Placement du Québec (CDPQ), Canada’s second-largest pension fund, in TVS...
