Adani Ports and Special Economic Zone Ltd, whose plan to buy a controlling stake in cold chain logistics company Snowman Logistics Ltd has hit a hurdle, has refuted claims by Snowman’s promoters on the deal. “ALL (Adani...
Logistics marketplace LetsTransport raises ₹13 crore from InnoVen Capital
Intra-city logistics marketplace, LetsTransport has raised ₹13 crores as a part of a new debt round from venture debt provider InnoVen Capital. Founded in 2015, by IIT-Kharagpur alumni, Pushkar Singh, Sudarshan Ravi...
Logistics startup LoadShare raises ₹100 crore led by BEENEXT, others
Logistics startup LoadShare Networks has raised a Series B funding round of ₹100 crore led by BEENEXT along with participation from CDC Group. Existing investors Matrix Partners India, Stellaris Venture Partners and...
Costco buys logistics firm Innovel for $1 billion
Costco Wholesale Corp said on Tuesday it had acquired Innovel Solutions for $1 billion, as the membership-only retailer beefs up its final-mile delivery of bulky products across the United States and Puerto Rico. The...
Gateway Partners to pick up stake in TVS SCS for $100 million
Singapore-based private equity firm Gateway Partners has planned to acquire minority stakes in city-based TVS Group firm TVS Supply Chain Solutions for a deal valued at $100 million. According to a statement from TVS...
CPPIB looks to buy 35% stake in JM Baxi unit for ₹1,400 crore
Mumbai-based logistics firm JM Baxi is in the final stages of discussions to raise ₹1,400 crore as equity investment from the Canada Pension Plan Investment Board (CPPIB), three people aware of these discussions said...
Allcargo gets Sebi nod to launch open offer for stakebuy in Gati
Allcargo Logistics on Wednesday said it has received markets regulator Sebi’s approval to launch an open offer to acquire an additional 26 per cent equity stake in logistics firm Gati. On completion of the open...
M&M-backed Porter in talks to raise funds
Logistics startup Porter is in talks to raise $30 million in its ongoing funding round, which values it at about $120 million, said three people aware of the matter, requesting anonymity. The round is expected to be led...
Allcargo picks up another 7.5% stake in Gati
Allcargo Logistics Tuesday said it has completed a 7.5% stake purchase in Gati, taking its total ownership in the express logistics company to 20.8%. This will now trigger the open offer for Allcargo to buy a planned 44...
Allcargo acquires 13% stake in Gati amid family dispute
Allcargo Logistics, a multimodal logistics firm, has acquired around 13% in express logistics firm Gati Ltd, the company said in a statement. “In line with the approval by Gati’s shareholders at the EGM on the 7th...
Allcargo’s open offer to buy stake in Gati under Sebi lens
The Securities and Exchange Board of India (Sebi) has sought clarifications on Allcargo Logistics Ltd’s proposed acquisition of Gati Ltd, amid a court dispute over ownership of the shares within Gati’s promoter family...
XPO Logistics considering sale or spin-off of business units
XPO Logistics Inc said on Wednesday it was considering the sale or spin-off of one or more business units, sending shares of the warehousing and last-mile delivery provider up more than 16% in extended trading. The move...
