Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Delhivery acquires Spoton Logistics for reported $300 million
short by Hiral Goyal / on Wednesday, 25 August, 2021
Gurugram-based logistics startup Delhivery on Wednesday announced the acquisition of Bengaluru-based Spoton Logistics. While Delhivery did not disclose the financial details of the deal, the Economic Times reported the transaction is an all-cash deal worth $300 million. Samara Capital and Xponentia, which acquired Spoton from IEP in 2018, have made a full exit for cash as part of the transaction.
read more at YourStory