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...
Nippon Express gets CCI nod to acquire 22% stake in Future Supply
The country’s competition watchdog Competition Commission of India (CCI) on Tuesday approved Nippon Express’s proposed acquisition of 22 per cent stake in Kishore-Biyani-led Future Supply Chain for Rs 641 crore. This is...
CDC Group invests $36 million in Ecom Express
CDC Group, the development finance arm of the UK government has invested $36 million for an equity stake in e-commerce logistics firm Ecom Express. Ecom Express claims that it reaches over 90% of India’s population...
DP World acquires Singapore’s marine logistics provider Feedertech Group
Global trade enabler DP World on Thursday said it has acquired marine logistics provider Feedertech Group. The transaction is expected to close in the first quarter of 2020. “Unifeeder, a 100 per cent owned...
Allcargo plans to acquire up to 50% stake in Gati
Allcargo Logistics plans to buy up to 50 per cent in express logistics company Gati, valuing the company at about Rs 1,200 crore in a deal to be announced later this week, after long drawn negotiations spanning more...
Coffee Day Group likely to call for bids to sell majority stake in Sical
The Coffee Day Group, founded by the late VG Siddhartha, is likely to seek bids to sell off its controlling stake in multimodal logistics solutions provider Sical Logistics, people privy to the matter said. Coffee Day...
