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...
Kale Logistics raises $5 million in Series A funding led by Inflexor Ventures
Kale Logistics, a logistics tech company, on Thursday said it has raised $5 million as a part of its Series A funding round, led by Inflexor Ventures. The company plans to use the funds for product enhancement and to...
Gati to sell its cold chain biz stake to Mandala
Gati Ltd, part of Allcargo Group, will exit its cold chain business by selling its entire 70% stake to existing shareholder Mandala Capital AG Ltd for an undisclosed amount. Mandala, which currently holds a 30% stake in...
JD Logistics to raise $3.16 billion in Hong Kong IPO -sources
JD Logistics Inc has indicated it will price shares at HK$40.36 ($5.20), towards the lower end of its flagged range, to raise $3.16 billion in a Hong Kong initial public offering (IPO), two people with direct knowledge...
Japan Post to sell part of money-losing Australian logistics arm for $6.5 million
Japan Post Holdings Co Ltd said on Wednesday it has agreed to sell part of Toll Holdings, its money-losing Australian logistics arm, for 700 million yen ($6.5 million). The Japanese firm said in a statement it will sell...
