Delhivery acquires Spoton Logistics ahead of IPO


What's the news?

Delhivery has acquired Bengaluru-based Spoton Logistics to strengthen its business-to-business (B2B) vertical ahead of a planned initial public offering (IPO). The company did not disclose the financial terms of the Delhivery-Spoton deal, but sources in the know said the acquisition was an all-cash transaction worth $300 Mn.


More to know

"This development is consistent with our objective of being growth-oriented and building scale in each of our business lines,” said Sahil Barua, chief executive officer of Delhivery. “Over the last 10 years, Delhivery has established a leading position in B2C logistics, and now by combining our truckload business with Spoton's, we will be on the path to the same position in B2B express as well.”


33 views0 comments