IPO-bound Delhivery sees exit of 2 co-founders

Two of the co-founders of new-age logistics major Delhivery have left the firm just as the startup is readying for its initial public offering (IPO), two people aware of the matter said. Bhavesh Manglani (top) and Mohit Tandon, two of the five original co-founders of Delhivery, have ‘stepped aside’ from day-to-day operations. They have also … Read more

Gati – family feud threatening to put the brakes

The rift within the family running Hyderabad-based logistics company Gati would have stayed under wraps had the firm not decided to cede management control to Allcargo Logistics in a deal. The prime mover of the agreement is Managing Director (MD) and Chief Executive Officer (CEO) Mahendra Agarwal while his wife, Neera Agarwal, and their two … Read more