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...
Samara-backed Spoton Logistics picks up stake in Chennai’s RTS
Samara Capital-backed Spoton Logistics has bought a strategic stake in Chennai-based RTS Logistics, a platform extension into third-party logistics, as end-to-end solutions become the sought-after edge in the supply...
Blackstone Group to invest Rs 380 cr in Allcargo’s logistics park vertical
In a bid to lower its debt burden, Allcargo Logistics Ltd, part of Avvashya Group, has partnered with Blackstone Group, to become a minority stakeholder in the company’s’ logistics park vertical. Blackstone Group...
Over 87% Gati shareholders vote for sale to Allcargo
Despite a strong bid to stall the deal by a section of the promoter family of logistics firm Gati, the company on Wednesday said it has received an overwhelming response from its shareholders for the proposed stake sale...
Blackstone ties up with Hiranandani to enter warehousing business
Global private equity firm Blackstone Group Inc has formed a joint venture with Greenbase, a Hiranandani group firm, to develop warehousing and logistics parks across the country. This marks the entry of Blackstone, a...
Alibaba backs logistics startup XpressBees again, plans to invest $10 mn
Chinese e-commerce giant Alibaba is investing $10 million in Pune-based logistics startup XpressBees as revealed by the filings made by the company. This investment “appears to be an extension” of the Series D round...
Logistics firm Rivigo to raise $20 million from SAIF, Spring Canter
Logistics unicorn Rivigo is raising a Series F round of ₹141.97 crore ($20 million) from existing investors SAIF Partners India VI Ltd and Spring Canter Investment Ltd, according to a regulatory filing, accessed by...
Flipkart, Walmart invest in supply chain startup Ninjacart
To strengthen their direct sourcing of fresh produce, Walmart and Flipkart today announced a joint strategic investment in supply chain start-up Ninjacart. Partnering with Ninjacart will help Walmart and Flipkart...
