Mahindra logistics to acquire majority stake in Whizzard

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. ¬†Total deal value is Rs 71.7 crore in lieu of which ML will get 60% stake … Read more

Gati targets to double it’s revenues in 3 years

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 does an Info edge. Gets into start-up investing

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

TCI Express planning drone deliveries by FY 22 end

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