Mahindra Logistics Ltd will acquire the business-to-business (B2B) express delivery business of Rivigo Services Pvt. Ltd, the third-party logistics solutions provider said on Monday. Mahindra Logistics will buy the...
Future Supply Chains calls off sale of warehouse assets over approval delay
Future Supply Chains has called off the sale of its warehouse assets due to expected delay in obtaining other requisite approvals, the company said in a stock exchange filing. It said that the delay in obtaining other...
Adani Logistics to buy Navkar’s inland container depot in Gujarat for ₹835 cr
Adani Logistics Ltd (ALL), a unit of Adani Ports and Special Economic Zone Ltd, on Tuesday said it has signed a definitive agreement to acquire an inland container depot (ICD) from Navkar Corporation Ltd for an...
Amazon in talks to buy logistics unicorn Ecom Express
Amazon.com Inc. is in initial talks to acquire more than 51% in logistics unicorn Ecom Express Ltd for $500-600 million, two people aware of the plans said, as the e-commerce giant aims to build an in-house logistics...
UPS to buy Italy’s Bomi Group to grow healthcare logistics business
United Parcel Service Inc said on Monday it would buy Italy-based healthcare logistics firm Bomi Group to bolster its capability in delivering medicines that require cold storage. The U.S. delivery firm is focusing on...
Shiprocket buys Arvind’s omnichannel unit in Rs 200 cr stock-and-cash deal
Logistics startup Shiprocket said it is acquiring textile and branded apparel conglomerate Arvind Limited’s omnichannel technology business Omuni for Rs 200 crore. The stock-and-cash deal will see Shiprocket and...
Shiprocket’s logistics volume to grow 40% after Pickrr acquistion: CEO
Logistics startup Shiprocket said on Wednesday its acquisition of Pickrr, an e-commerce SaaS platform, will enable it handle about 10 million shipments monthly—a growth of 40 percent. Shiprocket is acquiring a majority...
Shiprocket to acquire majority stake in Pickrr for $200 mn: Joint statement
E-commerce logistics SaaS company Shiprocket has inked a deal to acquire a majority stake in its competitor e-commerce platform Pickrr for about USD 200 million (about Rs 1,560 crore) in a mix of cash and equity...
Demerger to allow entities to chart independent growth path: Allcargo
The demerger of two businesses of Allcargo Logistics Ltd into separate listed entities will enable the logistics-focused group to pursue an asset-light model for its core business while allowing the demerged entities to...
Emiza Supply Chain Services raises ₹37.5 cr led by JM Financial Private Equity
Mumbai-based warehousing and fulfilment services provider Emiza Supply Chain Services Pvt. Ltd raised Rs37.5 crore in a Series B funding round. The funding round was led by JM Financial Private Equity, among others. The...
NCLAT dismisses Hinduja Leyland Finance plea for insolvency proceedings against Fly Express
The NCLAT has dismissed the plea of Hinduja Leyland Finance Ltd to initiate insolvency proceedings against its creditor Fly Express Logistics. A three-member bench of the appellate tribunal upheld the earlier orders of...
JM Baxi agrees to acquire units of two logistics firms for Rs. 200 crore
JM Baxi has agreed to acquire units of two logistics companies for Rs. 200 crore, according to sources. It is acquiring one of the units of logistics major Allcargo Logistics which carries out movement of heavy...
