The Delhivery Group acquires Spoton Logistics before its IPO

What's happening?

To enhance its business-to-business (B2B) offerings ahead of an initial public offering (IPO), Delhivery has acquired Bengaluru-based Spoton Logistics. The Delhivery-Spoton deal was not disclosed by the company, but sources in the know said the $300 million deal was cash-only.

What you need to know

Our objective is to grow oriented and reach scale in each of our business lines, said Sahil Barua, CEO of Delhivery. "With the sale of our truckload business to Spoton's, we will also enter the B2B express market."

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