Bengaluru-based Spoton Logistics Acquired By Delhivery
- BySheetal Sidhu | August 25, 2021
Bengaluru-based Spoton Logistics Acquired By Delhivery. Delhivery has announced that it has acquired Bengaluru-based Spoton Logistics for an undisclosed amount to strengthen Delhivery’s existing B2B capabilities. Spoton Logistics started its journey in 2012 when a private equity firm ‘India Equity Partners’ bought the domestic business from TNT India. In 2018, Samara Capital and Xponentia acquired Spoton from IEP, and now with Delhivery’s acquisition, Samara and Xponentia are making a full exit for cash.
Sahil Barua, Delhivery CEO, said, “This development is consistent with our objective of being growth-oriented and building scale in each of our business lines. Over 10 years Delhivery has established a leading position in B2C logistics and now by combining our part truckload business with Spoton’s we will be on the path to the same position in B2B express as well. More importantly, we are well placed to provide benefits of synergies between our B2C and B2B express businesses to the customers of both Delhivery and Spoton, and further enhance our end-to-end supply chain capabilities’ ‘.
Abhik Mitra, Managing Director, Spoton Logistics, said, “We will continue to invest in improving our clients’ businesses through our investments in people, technology, network and infrastructure. Our teams and our business partners will have an opportunity to be part of a much larger organisation with significant opportunities for growth”.
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