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...
Delhivery acquires Spoton, to file IPO papers by October
IPO-bound logistics startup Delhivery has acquired Spoton Logistics. The company did not disclose the sum but sources told us it was about $300 million. This is the second acquisition of the year for Delhivery which...
Allcargo picks up 65% stake in Swedish logistics major Nordicon for $29 mn
Allcargo Logistics, the country’s largest integrated logistics player in the private sector, on Friday announced its second large overseas acquisition snapping up a 65 per cent ownership in a USD 44 million joint...
PayPal Ventures, Bertelsmann lead $41.3 million funding in Shiprocket
Logistics aggregator Shiprocket, that enables shipping for direct-to-consumer (D2C) retailers, has raised $41.3 million in Series D1 funding, co-led by PayPal Ventures, the corporate venture capital arm of American...
GoBOLT raises $20 million from Paragon Partners and Aavishkaar Capital
Logistics solution provider, Camions Logistics Solutions Pvt Ltd, which owns GoBOLT, on Monday said that it has raised $20 million, in primary and secondary funding, as a part of its Series B round led by Paragon...
Mitsubishi HC Capital to buy CAI International for $1.1 billion
Transportation finance and logistics company CAI International Inc said on Thursday it has agreed to a $1.1 billion takeover by Mitsubishi HC Capital Inc, as the Japanese financial firm expands its overseas operations...
