Tech-enabled logistics and fulfilment company Shiprocket on Friday said it has acquired Rocketbox, a B2B logistics aggregator platform, for an undisclosed amount. The Rocketbox founders will join the Shiprocket...
Delhivery invests in Falcon Autotech
Market-bound logistics company Delhivery has made an undisclosed investment in logistics automation solution provider Falcon Autotech, the company said on Wednesday. According to a company statement, the investment is...
Mahindra Logistics acquires 100% stake in Meru
Third-party logistics solution provider Mahindra Logistics Ltd (MLL) has announced its acquisition of Meru today. The company has acquired 100 per cent equity share capital of Meru Mobility Tech Private Limited, V-Link...
Delhivery acquires Transition Robotics Inc
New age logistics services provider Delhivery has acquired California-based Transition Robotics Inc, which develops Unmanned Aerial System (UAS) platforms. Delhivery did not disclose the financial details. “All IP...
Gateway Distriparks’ merger scheme gets NCLT nod, shares end flat
Logistics facilitator Gateway Distriparks Limited today said that the Mumbai bench of National Company Law Tribunal (NCLT) has approved its petition pertaining to a scheme of amalgamation with two of its...
CCI approves FedEx India’s minority stake-buy in Delhivery
The Competition Commission of India (CCI) on Tuesday approved FedEx India’s acquisition of minority stake in Delhivery. It has also given nod to the acquisition of certain operating assets of FedEx India and TNT...
ESR eyes acquisitions, to build in-city logistics centres
ESR India, an industrial and logistics real estate platform, is looking to step up land acquisitions to expand its portfolio, as well as build in-city distribution centres, prompted by high demand by e-commerce and...
Alibaba-backed Best to sell China express delivery business in $1.1 bln deal
Alibaba-backed Best Inc said on Friday it would sell its express delivery business in China to J&T Express Co. Ltd. in a deal valued at about 6.8 billion yuan ($1.06 billion). “In light of the unexpected...
French express parcel firm Geopost acquires 20.15% stake in Dubai’s Aramex
GeoPost, the express parcel arm of French Groupe La Poste, has acquired a 20.15% stake in Dubai-listed courier firm Aramex, according to a regulatory filing on Wednesday. The French express logistics firm acquired about...
Delivery Hero buys minority stake in grocery delivery startup Gorillas
Delivery Hero on Tuesday said it had invested $235 million in Berlin-based grocery delivery company Gorillas, as the race to dominate the rapid delivery service sector picks up speed. The purchase means Delivery Hero...
Allcargo Logistics eyes potential stake sale in ECU Worldwide
Cargo and air freight logistics firm ECU Worldwide is looking to raise funds and has appointed Jefferies Financial to evaluate options, its Mumbai-based parent Allcargo Logistics said on Tuesday. The Indian company is...
JD.com unit makes $513 mln controlling bid in China Logistics
Chinese e-commerce giant JD.com Inc’s real estate unit has made an about HK$3.99 billion ($513.45 million) offer to buy a controlling stake in storage facilities manager China Logistics Property Holdings, the...