IPO-bound Delhivery Acquires Bengaluru-based Spoton Logistics
Gurugram-based Delhivery has acquired Bengaluru-based Spoton Logistics for an undisclosed amount to strengthen its existing B2B capabilities.
As part of the transaction, Samara Capital and Xponentia, which together acquired Spoton from India Equity Partners in 2018, are making a full exit for cash.
Speaking on the development, Sahil Barua, CEO at Delhivery, said,
“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.”
Spoton Logistics is an engineering and technology-driven logistics company offering multimodal express logistics and supply chain solutions. It specialises in logistics services for sectors such as hi-tech, engineering, pharmaceutical, automotive, electronics & electricals and lifestyle & retail.
Spoton operates a pan India network covering more than 300 locations and over 22,000 pin codes.
Chief Business Officer of Delhivery Sandeep Barasia said that Spoton and Delhivery’s combined scale and focus on data and technology would enable Delhivery to enter new verticals in freight.
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