Paytm backed LogiNext has acquired Mumbai-based YourGuy, a last mile delivery company for an undisclosed amount.
Post acquisition, YourGuy and its team of 20 members and delivery team of 200 will join Sprintr, the delivery vertical of LogiNext. Sprintr was launched by LogiNext in December 2015. To strengthen the Sprintr vertical, LogiNext plans to acquire more players in this segment in NCR region.
Founded in 2014, YourGuy currently completes 4000 orders every day and now it is expected to help LogiNext double its orders.
Dhruvil Sanghvi, CEO and Co-Founder, LogiNext Solutions, said, “YourGuy has already acquired a good number of matured and loyal customers and is a renowned name in the field of B2B deliveries. Since our new delivery vertical, Sprintr, is also clocking around the same number of deliveries, our delivery volumes and network reach will increase by 100% with this acquisition. On top, we will also be selling our technology to YourGuy customers.”