Adani Group and Gateway Distriparks Ltd on Monday informed stock exchanges that they have settled a dispute regarding the sale of controlling stake in cold chain logistics company Snowman Logistics Ltd, owned by Gateway...
Brazil’s Cosan and logistics unit plan to simplify shareholding structure: filing
Brazilian agribusiness conglomerate Cosan SA and its logistics subsidiary Cosan Logistica SA have approved studies for a proposed shareholding reorganization, the companies said in a securities filing on Friday. “Such...
LetsTransport raises Rs10 crore from Stride Ventures
Logistics start up LetsTransport on Monday raised ₹10 crore from Stride Ventures, a leading venture debt fund. The start-up will use the funds to scale up their operations and network so as to help streamline urban...
Logistics solutions provider LetsTransport raises ₹10 crore from Blacksoil
LetsTransport has raised ₹10 crore from venture debt firm Blacksoil Capital. The intra-city logistics provider had raised ₹13 crore from Innoven Capital in May. Bengaluru-based LetsTransport provides logistics solutions...
FedEx set to take stake in German deliver firm Hermes: report
U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday. Home deliveries are surging as consumers around the globe shift to...
Snowman Logistics’ stake sale to Adani gets murky
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...
