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...
Welspun One raises Rs 300 crore to fund logistics parks
Welspun One Logistics Parks has raised over Rs 300 crore from a set of investors comprising domestic high-net-worth investors and family offices. The category II alternative investment fund is an integrated funding...
China’s S.F. offers to buy 51.8% stake in Kerry Logistics
Chinese logistics giant S.F. Holding Co has offered to buy a 51.8 percent stake in Hong Kong-listed Kerry Logistics Networks Ltd, it said in an exchange filing on Tuesday. The offer, at HK$18.8 ($2.43) per share and...
Alibaba-backed logistics firm Best weighs sale in strategic review – sources
New York-listed Best Inc, a Chinese logistics firm backed by e-commerce giant Alibaba Group Holding Ltd, is considering a sale as part of a strategic review, six people with knowledge of the matter said. With the...
Ecom Express expands to Bangladesh, invests Rs 80.6 cr in Paperfly
Logistics solutions provider Ecom Express on Tuesday said it has invested USD 11 million (about Rs 80.6 crore) in Bangladesh’s largest third-party e-commerce logistics (3PL) firm, Paperfly. Through this...
Adani group sells a part of its stake in Snowman Logistics
Adani Logistics Ltd, a part of the diversified Adani group, has sold almost a fourth of its stake in Snowman Logistics Ltd. Adani Logistics had acquired the stake through an open offer it had initiated in March at ₹44...
Yes Bank sells 2.56% stake in Coffee Day group-owned Sical Logistics
Yes Bank on Friday said it has sold 15 lakh equity shares, equivalent to 2.56 per cent stake in Sical Logistics. Yes Bank has sold 15,00,000 equity shares having a nominal value of ₹10 each, constituting 2.56 per cent...
JD.com, SF, Carlyle among bidders for CJ Group’s $1 billion China logistics business: sources
Chinese online retailer JD.com, delivery company SF Group and Carlyle are bidding for South Korean conglomerate CJ Group’s China logistics business in a deal that could fetch over $1 billion, people familiar with the...
Bahrain’s Investcorp invests in Indian logistics start-up Xpressbees
Bahrain’s Investcorp said on Sunday it has made an investment in Xpressbees, an Indian logistics startup, as part of a consortium of local and global investors. Xpressbees has a presence in more than 2,000 towns...
