Mahindra Logistics (ML) has announced strategic investment into Zipzap Logistics Pvt Ltd. Key points to note – Founded in 2018 and headquartered in Hyderabad, ZipZap is a tech enabled last-mile delivery logistics company operating under the brand name Whizzard. Â Total deal value is Rs 71.7 crore in lieu of which ML will get 60% stake … Read more
Gati is targeting to become a Rs 3,000 crore revenue company in the next three years – it’s Chief Executive Officer Pirojshaw Sarkari has said. Key points to note – Company reported revenues of Rs 1,488 crore during trailing twelve months ended September 30, 2021. The target therefore implies doubling of this number in 3 … Read more
Zomato recently had invested $75 mn into Shiprocket as a part of it’s start-up investing strategy. T V Mohandad Pai (ex Infosys CFO) in a tweet raised concern that whether there is a conflict of interest in this investment by Zomato as Deependier Goyal (Founder CEO) had previously invested into Shiprocket in his personal capacity. … Read more
Zomato along with it’s Q2 FY 22 results also announced that it has committed $275 mn across four start-ups in the last 6 months and will deploy another $1 billion over the next one to two years. Four investments of $275 mn – $100 mn for 9.3% stake in Grofers $50 mn in Curefit along … Read more
MD of the Company, Mr Chander Agarwal claims to have recently concluded the initial trials. In the trials conducted in Ahmedabad, medicines and other urgent/immediate delivery packages weighing 5-10 kgs were delivered to the customers, he said. The trials were conducting in collaboration with a start-up and made in India drones were used, he further … Read more