Indian e-commerce logistics company Delhivery recently acquired Bengaluru-based Spoton Logistics to further strengthen its business-to-business (B2B) and end-to-end supply chain capabilities. Samara Capital and Xponentia, which had jointly acquired Spoton from India Equity Partners (IEP) in 2018, are fully exiting for cash as part of the transaction, financial details of which were not disclosed.
"…By combining our part truckload business with Spoton's, we will be on the path to the same position in B2B express as well," Delhivery chief executive officer Sahil Barua said.India's Delhivery recently acquired Bengaluru-based Spoton Logistics to further strengthen its business-to-business and end-to-end supply chain capabilities. Samara Capital and Xponentia, which had jointly acquired Spoton from India Equity Partners in 2018, are fully exiting for cash as part of the transaction, financial details of which were not disclosed.#
"Our teams and our business partners will have an opportunity to be part of a much larger organisation with significant opportunities for growth," Spoton Logistics managing director Abhik Mitra was quoted as saying by a news agency.
Spoton Logistics started its journey in 2012 when private equity firm IEP bought the domestic business from TNT India. Delhivery has a nationwide network covering over 19,400 pin codes.
ALCHEMPro News Desk (DS)
marketing@alchempro.com
