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...
DHL strikes deal to buy up to 9.5% stake in Canada’s Cargojet
DHL Express Division, an affiliate of Deutsche Post DHL Group, struck a deal with Cargojet Inc, which would give the German company an option to buy up to 9.5% equity stake in the Canadian firm. Cargojet said on Tuesday...
CCI clears Blackstone, TPG buying stakes in Busybees Logistics
Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd. Busybees is engaged in the business of providing logistics and delivery solution...
China’s JD Logistics agrees to buy courier company Deppon
Chinese e-commerce giant JD.com Inc on Sunday said that its subsidiary JD Logistics Inc has agreed to buy domestic courier Deppon Logistics Co Ltd. Under the deal, JD Logistics will acquire 99.99% equity stake in Deppon...
Mahindra Logistics acquires Whizzard
Mahindra Logistics Ltd (MLL) on Monday said it has acquired a majority stake in last-mile delivery services provider Whizzard. The acquisition will complement Mahindra Logistics’ existing last-mile delivery...
