Delhivery acquires Spoton Logistics ahead of planned IPO

Indian Startups

Delhivery acquires Spoton Logistics ahead of planned IPO

  • Mumbai: Delhivery has acquired Bengaluru-based Spoton Logistics to strengthen its business-to-business vertical ahead of a planned initial public offering.
  • Read Now According to Pankaj Kalra, senior executive director at Kotak Investment Banking, the acquisition of Spoton Logistics will help Delhivery emerge as one of the largest express less-than-load solution providers in India and serve new clients and industries.
  • Delhivery IPO In an interview with ET in June, Delhivery’s Barua said the company is likely to launch its $500-million IPO and list on the Indian stock exchanges by early next year.

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