Tech Mahindra and Shipsy Partner to Build AI-Native Supply Chain Ecosystem Across UK and Europe

Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions, has announced a strategic partnership with Shipsy, a Gartner-recognized AI-native transportation management platform, to accelerate AI-led innovation in the UK and Europe’s supply chain sector.

The collaboration aims to address mounting pressures on supply chains—ranging from cost and speed to sustainability and geopolitical uncertainty—by embedding scalable, responsible AI into logistics workflows. This initiative is part of Tech Mahindra’s “AI Delivered Right” strategy, which focuses on delivering transformative, enterprise-grade solutions that enhance visibility, optimize operations, and enable intelligent decision-making.

Our partnership with Shipsy helps customers navigate today’s supply chain challenges by building an AI-native ecosystem that empowers businesses to operate with precision, agility, and resilience, said Harshul Asnani, President and Head – Europe Business, Tech Mahindra.

Shipsy’s platform, recognized in Gartner’s 2024 and 2025 Magic Quadrants for Transportation and Warehouse Management Systems, leverages Agentic AI to drive autonomous logistics transformation for over 150 customers across 30+ countries. The company operates from hubs in London, Amsterdam, Riyadh, Dubai, Singapore, and Sydney, with innovation centers in India.

A key highlight of the partnership is its role in empowering Smiths News, a leading UK distributor of newspapers and magazines, to diversify its early-morning delivery portfolio using AI-driven precision. With the UK ranked as the third-largest e-commerce market globally and projected to reach $927.9 million by 2030, the alliance is expected to deliver significant value to retailers and logistics service providers.

We are delighted to partner with Tech Mahindra to bring AI-native solutions to the European supply chain landscape, said Soham Chokshi, Co-Founder & CEO of Shipsy. This alliance will enable enterprises to scale intelligently, make logistics management autonomous, and deliver exceptional customer experiences.

The partnership underscores a broader industry shift toward intelligent, resilient, and customer-centric supply chain operations—driven by AI and digital transformation.

Adani Ports Unlocks New Export Corridor for Indian Rail Tech

Mundra Port, the crown jewel of Adani Ports and SEZ Ltd, has just handled its first export shipment of hi-tech locomotives—a powerful symbol of India's industrial ascent and logistical prowess.

Key Highlights:

• Shipment Details: Four state-of-the-art locomotives were shipped to Morebaya, Guinea aboard the vessel MV BBC WASHINGTON.
• Manufacturer: These locomotives were built by Wabtec Locomotive Pvt Ltd at its plant in Marhowrah, Saran, Bihar, in collaboration with Indian Railways.
• Export Plan: This is the first of a planned 150 locomotives to be exported, with 1–2 units expected monthly.
• Gauge Conversion: Since India uses broad-gauge tracks and Guinea requires standard gauge (1.435 meters), a complex bogie conversion was executed at Mundra using hydraulic trailers and heavy-duty cranes.

Strategic Impact:

This initiative aligns with the Atmanirbhar Bharat vision—“Made in India for the World”—and showcases India’s growing capability in precision manufacturing and high-value industrial exports.

Why It Matters:

This isn’t just about locomotives—it’s about India stepping into the global spotlight as a trusted supplier of advanced rail technology. Mundra’s ability to handle such technically demanding cargo reinforces its role as a strategic export gateway.

Allcargo Supply Chain Expands Southern Footprint with Launch of Panapakkam Logistics Park Near Chennai

• Panapakkam facility spans 2.75 lakh sq. ft. of Grade-A warehousing space
• Strengthens southern diversification strategy with strong focus on sectors like automobile, e-commerce, and consumer durables.

Allcargo Supply Chain, part of Allcargo Logistics has announced the launch of its state-of-the-art, tech-enabled Logistics Park in Panapakkam, near Chennai. Spread across 2.75 lakh sq. ft. of Grade A warehousing space, the facility marks a significant expansion of the company’s southern network and reinforces its strategy of infrastructure-driven growth.

Strategically located at the intersection of NH 76 and SH 50, the Panapakkam Logistics Park offers smooth access to Red Hills, Chennai Port, Sri City, Sriperumbudur, and Oragadam, positioning it as a vital multi-modal hub for pan-India distribution. The facility also marks a significant step in diversifying Allcargo Supply Chain’s business in the southern zone, with sector focus anchored by around 50% automobile, supported by e-commerce and consumer durables.

Commenting on the launch, Mr. Ketan Kulkarni, Managing Director – Allcargo Supply Chain Private Limited, said, “The launch of our Panapakkam Logistics Park marks a significant milestone in strengthening our southern network and expanding capacity for customers. Built to global standards, the facility is designed to handle large-scale cargo volumes with efficiency and speed. By integrating world-class infrastructure with sustainable practices, we are creating a future-ready logistics hub that will drive value for businesses and contribute meaningfully to India’s evolving supply chain ecosystem.”

The Panapakkam Logistics Park has been designed to global specifications as a ready-to-go-live facility, offering scalability for both raw material storage and finished goods distribution. It features 32 docks with 16 dock levellers, a centre height supporting G+8 racking for maximum storage efficiency, and a 5,000 sq. ft. mezzanine floor with dedicated client office space. capacity of nearly 60,000 tonnes per month. The Panapakkam park is also expected to create employment opportunities, with around 400 contractual workers engaged monthly, nearly 95% of whom will be blue-collar employees from the region.

Sustainability and safety are integral to the park’s design. The facility incorporates a solar-ready rooftop (10 KW/100K sq. ft.), LED lighting, solar-powered streetlights, rainwater harvesting, STP water recycling, and stormwater drains designed using 80 years of rainfall data. A secure perimeter wall, dock levellers, fire hydrants, and sprinkler systems further strengthen operational safety and efficiency.

With this launch, Allcargo Supply Chain further strengthens its southern pivot, complementing existing facilities in Bengaluru and the upcoming Hyderabad facility, while also expanding its nationwide footprint of modern, automated, and sustainable logistics parks in Farukhnagar (Gurugram), Nagpur, Guwahati, Bhiwandi (Mumbai), Indore, and Vijayawada.

ABOUT ALLCARGO LOGISTICS LIMITED

Allcargo Logistics Limited, part of the Allcargo Group is the global market leader in LCL consolidation business operating under ECU Worldwide network. Allcargo is among the leaders in Express logistics business, which it operates through its subsidiary Allcargo Gati Limited., besides having strong presence in Contract Logistics under Allcargo Supply Chain. Allcargo is recognised for digitising logistics industry, setting highest quality standards, operational excellence, and customer centricity across all businesses. The company is recognised as a great place to work. The company currently operates out of 300 plus offices serving 180 countries. Allcargo today is one of India's largest publicly owned logistics companies, listed on the BSE Limited {Scrip Code- 532749) and The National Stock Exchange of India Limited (Scrip Code-ALLCARGO).

Allcargo Logistics Limited and Allcargo Gati Limited, part of the Allcargo Group has recently announced a composite scheme of arrangement under which the International Supply Chain (ISC) business will be demerged into a separate entity Allcargo worldwide Limited, and the Express and Contract Logistics business will be merged into Allcargo Logistics Limited (post ISC demerger). (The scheme is expected to be implemented in the period of 1-2 months, accounting for regulatory filings, Stock Exchange approval, shareholder approval, NCLT approval and ROC filings.) Allcargo Group will house four listed strategic business undertakings. Allcargo worldwide Limited and Allcargo Logistics Limited post demerger of ISC business, alongside Allcargo Terminals Limited and TransIndia Real Estate Limited, which were created through an earlier scheme of arrangement. All four public companies are well poised for growth on the back of market opportunities and robust management capabilities.

For further information, please visit: allcargologistics.com

Adani Unveils ₹600 Crore Smart Logistics Park in Kochi — A Game-Changer for Kerala’s Industrial Future

In a bold move to reshape Kerala’s logistics landscape, Adani Ports and Special Economic Zone Ltd. (APSEZ) has launched a cutting-edge logistics park in Kalamassery, Kochi—an investment exceeding ₹600 crore that signals a new era of smart, sustainable supply chain infrastructure.

Unveiled by Chief Minister Pinarayi Vijayan under the “Invest in Kerala” initiative, the park spans 70+ acres and houses 1.3 million sq. ft. of integrated logistics space. But this isn’t just another industrial facility—it’s a strategic leap toward making Kerala a hub for next-gen logistics.

Built for the Future: Smart, Green, and Sector-Ready

From EV charging stations to zero-touch operations and digital integration, the park is engineered for speed, sustainability, and scale. It’s tailored to serve high-growth sectors like:

• E-commerce
• FMCG/FMCD
• Pharmaceuticals
• Automotive
• Retail

This isn’t just infrastructure—it’s an ecosystem designed to empower businesses and energize Kerala’s industrial ambitions, –said an APSEZ spokesperson.

1,500+ Jobs and a Boost for Local SMEs

The facility is expected to create over 1,500 jobs, with a strong emphasis on local employment and SME empowerment. By offering plug-and-play logistics solutions, Adani aims to help small and medium enterprises scale faster and compete smarter.

Adani’s National Logistics Vision

The Kochi park is part of Adani’s aggressive push to expand its logistics footprint across India. From 3.1 million sq. ft. today to 20 million sq. ft., APSEZ plans to build 30 logistics parks nationwide, transforming from a port-centric player into a fully integrated transport and logistics powerhouse.

Why It Matters

• For Kerala: A strategic boost to industrial growth, job creation, and SME competitiveness
• For India: A step toward smarter, greener logistics infrastructure. 
• For Adani: A bold pivot from ports to pan-India supply chain dominance

Delhivery Q1 FY26: PAT Surges 67% YoY; Revenue Up 6% to ₹2,294 Cr

Delhivery Limited (NSE: DELHIVERY, BOM: 543529) announced Q1 FY26 results today.

Q1 FY26 results snapshot:

• Revenue from services of Rs. 2,294 Cr in Q1 FY26, growth of 6% YoY vs Rs. 2,172 Cr in Q1 FY25
• EBITDA of Rs. 149 Cr (6.5% margin) in Q1 FY26, a growth of 53% YoY from Rs. 97 Cr (4.5% margin) in Q1 FY25
• Profit after tax of Rs. 91 Cr (3.8% margin) in Q1 FY26, a growth of 67% YoY from Rs. 54 Cr (2.4% margin) in Q1 FY25

Businesses snapshot: Express Parcel

• Shipment volumes of 208 million in Q1 FY26 - significant growth of 14% YoY from 183 million in Q1 FY25; momentum continuing into Q2
• Revenue grew 10% YoY to Rs. 1,403 Cr in Q1 FY26 from Rs. 1,276 Cr in Q1 FY25

Part Truck Load

• Tonnage grew 15% YoY to 458K MT in Q1 FY26 from 399K MT in Q1 FY25
• Revenue grew 17% YoY to Rs. 508 Cr in Q1 FY26 from Rs. 435 Cr in Q1 FY25
• Service EBITDA margin expanded significantly to 10.7%, an increase of 750 bps YoY from 3.2% in Q1 FY25

Other businesses

• Supply Chain Services: Revenue for the quarter was Rs. 205 Cr in Q1 FY26 vs. Rs. 259 Cr in Q1 FY25
• Truckload: Revenue for the quarter was Rs. 148 Cr in Q1 FY26 vs. Rs. 156 Cr in Q1 FY25
• Cross Border Services: Revenue for the quarter was Rs. 24 Cr in Q1 FY26 vs. Rs. 43 Cr in Q1 FY25.

New initiatives

• Rapid: 20 active stores in 3 cities; monthly revenue run-rate of Rs. ~1.2 Cr; plan to expand the active store count to 40 by the end of FY26
• Direct: Active in Ahmedabad, NCR and Bengaluru; promising early traction

Sahil Barua, MD & CEO of Delhivery 

“We’re pleased with the strong start to the financial year. The improved profitability as a result of operating at a higher scale reaffirms the inherent operating leverage linked efficiencies in our business. We look forward to the upcoming festive sale season with optimism.”, said Sahil Barua, MD & Chief Executive Officer.

Delhivery will host its earnings call to discuss Q1 FY26 results at 6:00 PM IST on Friday, August 1 st, 2025. The registration link for the call has already been shared with the stock exchanges and the link to the audio replay will be made available on the Investor Relations page of the company’s website at https://www.delhivery.com/company/investor-relations following the earnings call.

About Delhivery

Delhivery is India's largest fully-integrated logistics services provider. With its nationwide network covering over 18,850 pin codes, the company provides a wide range of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services. Delhivery has successfully fulfilled over 3.8 billion shipments since inception and today works with over 43K+ customers, including large & small e-commerce participants, SMEs, and other enterprises & brands. For more information about Delhivery, please visit www.delhivery.com.

Connect India and Logistics Arm of Faarms Merge to Form Bharat Supply

Connect India, a company funded by Aavishkaar Capital, has merged with the logistics arm of Bengaluru-based agri-platform Faarms. The merger will result in the formation of a new entity — Bharat Supply — which will become India’s largest logistics company focused on non-metro and rural markets. The combined entity has already built a 5,000-strong localised workforce, spanned across 230 districts and reaching over 200,000 villages — covering nearly one-third of all villages across the country.

The company offers a full-stack logistics solution, from last-mile delivery and seller pick-ups to sort centre operations, warehousing, and line haul services. It serves a wide array of clients, including MSMEs, e-commerce players, agri-enterprises, and large corporates.

Bharat Supply intends to be India’s largest tech-enabled distribution platform, focused exclusively on markets beyond metropolitan cities and towns. The company operates in 17 states and union territories, focusing on high-potential, underserved markets beyond metros, and offers 24-hour delivery across diverse regions—from Gujarat to Assam and Andaman to Jammu & Kashmir. Backed by robust teams in logistics, technology, customer service, operations, and on-ground execution, Bharat Supply has emerged as one of the fastest-scaling supply and distribution networks in the country.

“This strategic consolidation is in line with our vision to create scalable, impact-led businesses with a deep presence in Bharat,” said Vineet Rai, Founder and Chairman, Aavishkaar Group. “With Bharat Supply, we are delivering not just logistics infrastructure but economic inclusion.”

Bharat Supply is backed by Aavishkaar Capital, serial entrepreneur Cornelius (Conny) Boersch, founder of Conny & Co, Black Kite Capital, a Singapore-based family office, along with Apoorva Ranjan Sharma – co-founder of Venture Catalyst and 9Unicorns, Ramit Mittal of Bharti Family, 3one4 Capital as well as other Indian and international investors.

“India represents innovation-driven growth, especially in sectors like logistics where traditional infrastructure gaps can be effectively tackled via technology. Bharat Supply’s focus on building inclusive logistics for the next 500 million consumers mirrors what we’ve seen succeed in other emerging economies,” said Cornelius (Conny) Boersch.

“India’s rural and semi-urban markets hold immense untapped potential, and Bharat Supply is uniquely positioned to unlock that through deep logistics infrastructure and inclusive execution. This is not just a commercial opportunity, but a chance to build long-term value for millions,” Koh Boon Hwee, principal of Black Kite Capital, added.

The company is led by Taranbir Singh and Alok Duggal, co-founders of Faarms, who bring years of operational and agritech experience to scale the distribution business nationally. Aavishkaar Capital continues to be a significant stakeholder, offering strategic direction and sectoral expertise.

“At Bharat Supply, we’re building more than just a logistics network - we’re creating the backbone for commerce in the real Bharat. Our goal is to ensure that a farmer in a remote village or a small entrepreneur in a tier-III town gets the same delivery experience as someone in a metro,” said Taranbir Singh.

What differentiates Bharat Supply is its ability to execute 24-hour delivery across, even in the most inaccessible parts of the country, made possible by a proprietary logistics infrastructure, deep on-ground presence, and real-time technology integrations. It also places a strong focus on inclusive employment, engaging local gig workers and entrepreneurs across semi-urban and rural India. It has also created a customised solution for brands looking for line haul solutions for their dealers and distributors in semi-urban and rural areas.

With plans to scale operations to 300 districts by the end of 2025, Bharat Supply aims to become the go-to logistics partner for brands looking to expand across Bharat.

Maruti Suzuki Rides the Rails: 1 in 4 Cars Dispatched by Indian Railways in FY 24-25

Maruti Suzuki dispatched 5.18 lakh vehicles through Indian Railways in FY 2024-25, marking its highest-ever rail dispatches. This accounts for about one-fourth of the company's total vehicle dispatches for the fiscal year.

The automaker has been steadily increasing its reliance on rail transport, citing environmental benefits such as avoiding over 1.8 lakh tonnes of CO₂ emissions and saving more than 630 lakh liters of fuel. Since FY 2014-15, Maruti Suzuki has cumulatively dispatched around 24 lakh vehicles via rail.

Looking ahead, the company aims to increase the share of vehicle dispatches through railways to 35% by FY 2030-31. This shift aligns with its broader sustainability goals and efforts to reduce carbon emissions in logistics.

 

Rail transport produces significantly less CO₂ per ton-kilometer compared to road transport. In Europe, rail accounts for only 0.6% of diesel emissions and less than 2% of total transport emissions, making it one of the cleanest freight options.

Speaking on the milestone, Mr. Hisashi Takeuchi, MD & CEO, Maruti Suzuki India Limited said, “Reducing carbon emissions is a top priority for us, both in our products and in our operations. Maruti Suzuki was the first company in India to obtain an Automobile-Freight-Train-Operator license, in 2013. Since then, we have dispatched nearly 24 lakh vehicles through rail mode. By FY 2030-31, we plan to increase the share of vehicle dispatches through railways to 35%.”

Notably, trains can move large volumes of goods with far less energy consumption than trucks. Electrified rail systems further reduce reliance on fossil fuels.

Since FY 2014-15, Maruti Suzuki vehicle dispatches through railways have grown by nearly 8 times. In 2024, the Hon’ble Prime Minister of India, Shri Narendra Modi inaugurated India’s first automobile in-plant railway siding at the Gujarat manufacturing facility of the Company. Currently, Maruti Suzuki operates over 40 flexi deck rakes, each with a capacity of carrying around 300 vehicles per trip.

It's an interesting move in India's automotive supply chain that gradually shifting toward rail-based logistics. 

Ashok Leyland Bags Order for 250 State-of-the-Art Trucks from Patanjali Parivahan

Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, today announced that it has bagged a prestigious order to deliver state-of-the-art trucks to M/S Patanjali Parivahan Private Ltd., a key logistics player.

This milestone marks a significant step in strengthening the partnership between the two companies and reinforces Ashok Leyland’s position as a trusted mobility provider.

Patanjali Parivahan is part of the broader Patanjali Group, which was co-founded by Baba Ramdev and Acharya Balkrishna. While Baba Ramdev is primarily known for his role in Patanjali Ayurveda, which focuses on Ayurvedic products and FMCG goods, Patanjali Parivahan serves as the logistics arm of the group, ensuring efficient transportation and supply chain management for Patanjali’s vast network of products.

To mark the commencement of deliveries, Mr. Sanjeev Kumar, President – MHCV, Ashok Leyland handed over the keys to the first batch of trucks to Shri Ram Bharat Ji – Founder Patanjali Parivahan Private Ltd., in the presence of senior executives from both organisations.

Mr. Sanjeev Kumar, President – MHCV, Ashok Leyland said, “We are thrilled to deliver the first batch of 1916 haulage trucks to Patanjali Parivahan Private Ltd. This partnership reflects their trust in our brand and products, reinforcing our commitment to meeting the evolving needs of customers in the dynamic commercial vehicle sector. Our relationship with Patanjali began in 2014 with the addition of 20 trucks, marking the foundation of a strong and growing collaboration. As Ashok Leyland continues to expand and lead in the commercial vehicle industry, collaborations like these pave the way for a more efficient and progressive logistics sector. The company remains committed to pushing the boundaries of innovation and offering cutting-edge technologies and outstanding customer experience.”

Shri Ram Bharat Ji Founder, Patanjali Parivahan Pvt Ltd said, “We have complete trust in the quality and performance of Ashok Leyland trucks. Their outstanding after-sales support ensures seamless operations for us, while their growing service network further enhances our capabilities. This delivery represents more than just new trucks—it signifies a deepening partnership aimed at advancing logistics efficiency. With Ashok Leyland’s dedication to innovation and our forward-thinking approach to transportation, we look forward to continued success on the road.”

Patanjali Parivahan Pvt Ltd, a leading logistics player, is one of the fastest-growing transport businesses in North India, with a fleet of approximately 1,000 trucks has placed a substantial order to Ashok Leyland’s trucks, reaffirming its trust in the brand’s cutting-edge technology, reliability, and superior service support. The first batch of 25 units of 1916 haulage trucks were delivered today, marking the beginning of this extensive fleet expansion.

This milestone reinforces Ashok Leyland’s leadership in the commercial vehicle sector, underscoring its dedication to innovation, customer satisfaction, and industry excellence.

Adani’s Natural Resources Division is India's 1st to Deploy Hydrogen-powered Truck for Mining Logistics

• The first truck is deployed at the Chhattisgarh government’s mine, more to follow
• Trucks with three hydrogen tanks will carry 40 ton of cargo for 200 KMs of range

Adani Enterprises, the flagship company of the Adani Group, flagged off India’s first hydrogen fuel cell truck to promote cleaner transportation. These hydrogen-powered trucks will gradually replace diesel vehicles used in the company's logistics operations.

On May 10, Chhattisgarh Chief Minister Shri Vishnu Deo Sai flagged off the first truck in Raipur. It will be used to transport coal from the Gare Pelma III Block to the state’s power plant.

"The launch of India's first hydrogen-powered truck in Chhattisgarh reflects the state's commitment to sustainability. Such initiatives will significantly reduce our carbon footprint and set a new standard for industry. Chhattisgarh is not only at the forefront in meeting the country's electricity demands but also leads by example in adopting sustainable practices," said Chhattisgarh Chief Minister Shri Vishnu Deo Sai.

The state-owned Chhattisgarh State Power Generation Company Limited has appointed Adani Enterprises as the mine developer and operator for the Gare Pelma III block through a competitive bidding process.

The initiative for hydrogen-powered trucks is a significant step towards Adani Group's commitment to decarbonization and responsible mining. We are creating model mines with minimal environmental impact by incorporating autonomous dozer push technologies, solar power, digital initiatives, and tree transplanters to relocate trees. We aim to ensure affordable and reliable electricity for all while pioneering new standards in sustainable mining practices," said Dr. Vinay Prakash, CEO - Natural Resources and Director Adani Enterprises.

The project is a joint effort between Adani Natural Resources (ANR) and Adani New Industries Limited (ANIL), both part of Adani Enterprises. ANR will source hydrogen cells from ANIL, which is also involved in green hydrogen, wind turbines, solar modules, and battery manufacturing.

Hydrogen, the most abundant element, produces no harmful emissions. Hydrogen fuel cell vehicles match diesel trucks in range and load capacity but emit only water vapor and warm air, with minimal noise.

Since mining mainly uses diesel-powered machinery, switching to cleaner fuels will reduce emissions and noise. It will also help lower India’s crude oil imports and carbon footprint. Notably, Adani Natural Resources is the first in Asia to deploy Dozer Push Semi-Autonomous Technology, boosting both safety and sustainability.

Porter Closes Series F Funding Round led by Kedaara Capital and Wellington Management

Porter, India’s leading on-demand Goods Transport Agency (GTA), has successfully closed its Series F funding round led by Kedaara Capital and Wellington Management along with continued support from existing investor, Vitruvian Partners. The round included a healthy mix of primary investment in the Company and secondary exits to few existing shareholders.

Founded in 2014, Porter has transformed intra-city logistics across India, offering a comprehensive suite of services including on-demand intra-city transport, packers and movers, and enterprise logistics solutions. With this fresh capital, the company is set to expand operations across multiple cities, with the goal of serving millions of MSMEs and enabling livelihood opportunities for over 1 million gig workers. With a sharp eye on growth and innovation, Porter plans to channel the capital into team expansion, technological development, and operational excellence— while continuing to build a greener logistics network aligned with national decarbonization efforts.

Uttam Digga, Co-Founder & CEO, Porter, said, “We are pleased to welcome Kedaara Capital and Wellington Management as our strategic partners. Since our inception, we have been committed to making urban logistics more efficient, intelligent, and inclusive — supporting MSMEs, empowering gig workers, and strengthening the communities we serve. With this, we look forward to accelerating our growth and building world-class, sustainable logistics solutions for businesses and communities across the globe."

We would also like to acknowledge our early investors who played a pivotal role in supporting Porter’s growth journey, and we are deeply grateful for their unwavering support, guidance, and belief in our vision throughout this transformative period."

Anant Gupta, Partner and Ashutosh Sardesai, Director at Kedaara Capital, said “We are excited to partner with Porter, the undisputed leader in India’s intra-city logistics space. In a largely unorganized and underserved market, Porter has built a tech-first, asset-light platform that delivers seamless, reliable logistics solutions at scale. Their strong execution, deep market understanding, and unwavering focus on customer and partner experience have created significant network advantages. We look forward to supporting Uttam, Pranav, and the entire Porter team as they continue to drive innovation, empower driver-partners, and expand their leadership across India’s intra-city logistics ecosystem.”

Prakhar Singh, Asia Sector Lead, Wellington Management, added, “We admire Porter’s resilience and execution-first mindset, which has helped them create their leadership position in the intra-city logistics space. What sets them apart is how deeply they’re embedded in the ecosystem—organizing a largely unstructured market from within, using technology to create meaningful impact for MSMEs and gig workers. We’re excited to partner with them as they scale their purpose.”

Shailesh Lakhani, MD, Peak XV, said, "When our journey started with Porter 10 years ago, the company was one amongst many in local goods transport. Uttam, Pranav and Vikas were clear on their vision and approach and why it was the right one. Today the company is the market leader, and more importantly has made the process of sending goods reliable, more efficient and transparent in cities in India and now abroad. In the journey, their name has become a verb and to say '’I am Portering it" means the goods will be there soon. We wish the company and their new partners all the best and thank the Company and the management for the partnership."

As Porter completes 10 years in business, the milestone signifies its resilience, consistent value delivery, and leadership in logistics across 22 cities in India and 2 countries. Guided by its purpose of “moving a billion dreams, one delivery at a time” Porter has now evolved into an ecosystem touching the lives of over 30 lakh customers and 3 lakh gig workers every month in India.

IndigoEdge acted as the exclusive financial advisor to Porter on this transaction.

About Porter:

Founded in 2014, Porter is a leading Goods Transport Agency (GTA) offering a wide range of intra-city and inter-city logistics solutions. Guided by its purpose of “moving a billion dreams, one delivery at a time” Porter has now evolved into an ecosystem touching the lives of over 30 lakh customers and 3 lakh gig workers every month across 22 cities in India. Backed by a team of 2,600 employees, the company has spent the last decade digitizing urban logistics infrastructure, fostering MSME collaborations, and accelerating India’s journey towards an organized and connected economy.

The company strives to improve the lives of gig-workers by providing them with financial access, affordability, and financial independence. Porter started operations in India as Smartshift Logistics Solutions Private Limited and has since expanded its footprint internationally, now operational in two countries. Porter has multiple segments within logistics—from on-demand trucks and two-wheelers to Packers & Movers, Porter Enterprise and intercity courier services. To learn more, visit www.porter.in

About Kedaara Capital

Kedaara is an operationally oriented private equity firm pursuing control and minority investment opportunities in India. It currently manages over $6 billion through investments in several market-leading businesses across a variety of sectors including financial services, consumer, pharma/healthcare, and technology/business services. Since its inception, Kedaara has remained singularly dedicated to its stated strategy of focusing on investments built through trust-based relationships with best-in-class entrepreneurs and management teams across secular fast-growing end markets. Kedaara combines the strengths of a well-networked, highly experienced local investing and operating team, with the experience of their strategic partner, Clayton, Dubilier & Rice, a global private equity firm.

About Private Investing at Wellington Management

Wellington’s Private Investing platform manages more than US$8.9bn in assets under management, and invests globally across venture capital, private credit, and private real estate in multiple stages and sectors (consumer, technology, healthcare, financial services, biotech, energy, industrials, climate tech, and real estate). The team accesses its deep research, networks, and resources across public and private markets to broaden perspectives which aim to benefit both investors and entrepreneurs.

For more than 20 years, Wellington has been investing in private markets, launching its first dedicated private capital fund in 2014. As one of the world’s largest independent investment management firms, Wellington serves as a trusted adviser to over 2,500 clients in more than 60 countries, managing US$1.3 trillion for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients.

Air India Becomes the 1st Indian Airline Certified for Good Distribution Practices (GDP)

Air India, India’s leading global airline, has been awarded the Good Distribution Practices (GDP) certification for its Cargo business, reinforcing its commitment to delivering world-class logistics solutions for pharmaceutical products.

Air India is the first and only Indian carrier, and among a few in Asia, to have achieved this global standard for excellence in handling, storage, and transportation of time and temperature-sensitive pharmaceutical shipments.

The GDP certification validates Air India’s compliance with international guidelines for the safe and secure distribution of pharmaceuticals. In the financial year 2024-25, Air India transported over 4,000 tonnes of pharmaceuticals across the globe.

“India is one of the world’s key exporters of pharmaceutical products, demanding specialised logistics and precision for their transportation to other parts of the world. This certification provides a shot in the arm to our expertise and capabilities in this specialised space of logistics, assuring partners globally that we are fully equipped to safeguard the integrity of every shipment,” said Ramesh Mamidala, Head of Cargo, Air India.

In its domestic route network, Air India’s GDP-certified stations include major cargo hubs in Delhi, Mumbai, Hyderabad, Bangalore, Chennai, Ahmedabad, Indore, and Goa. Internationally, the certificate covers major gateways like New York (JFK), Newark (EWR), Chicago, London Heathrow, Frankfurt, Paris, and Amsterdam - ensuring seamless connectivity for pharmaceutical shipments both within India and globally.

Strengthening its ability to transport vaccines, biologics, and other high-value medical goods, Air India has made significant investments in enhancing its pharmaceutical handling capabilities, including:

• Partnering with GDP or CEIV-certified Cargo Terminal Operators at key airports
• Joining hands with container solution providers offering both active and passive temperature-controlled solutions
• Specialised trainings for cargo staff on IATA’s Temperature Control Regulations (TCR)
• Procurement of essential equipment and tools such as thermal blankets and the introduction of a cool dolly at Delhi airport to minimise temperature deviations
• Robust Quality Systems: End-to-end documentation and monitoring processes to guarantee traceability and compliance with global standards.

Air India’s GDP certification was awarded following a rigorous audit that included checks for quality manuals for pharmaceuticals, temperature-controlled warehouse and equipment, change control systems, documentation systems and processes, Corrective and Preventive Actions (CAPA) protocols, hygiene, safety and environment, as well as several assessments for risks and deviation management, etc.

With a fast-modernising fleet and expanding global connectivity, Air India is poised to meet the evolving needs of the pharmaceutical sector while contributing to India’s ambition to become a leading air cargo hub.

Air India SATS Inaugurates World-Class Logistics Park at Kempegowda International Airport Bengaluru

Air India SATS Airport Services Private Limited (AISATS), India's leading airport services management company, today announced the launch of the AISATS BLR Logistics Park at Kempegowda International Airport Bengaluru (BLR Airport). One of the largest on-airport logistics parks in South India, constructed with an investment of INR 200 crores, the facility was inaugurated, marking a significant milestone in strengthening India's logistics and cargo infrastructure.

BLR Airport is the third busiest in India, accounting for 40% of the South India’s total air cargo volumes achieving its highest-ever annual cargo tonnage of 502,480 MT in FY’25 and aims to handle 1 million metric tonnes of cargo by 2030. The launch of the AISATS BLR Logistics Park is a step towards enhancing cargo handling capabilities, improving operational efficiencies, and catering to the rising demand for faster, seamless, and more sustainable cargo supply chain. Strategically located within the airport premises, the facility will play a key role in supporting exporters, importers, freight forwarders, and logistics providers, ensuring efficient cargo movement and consolidation services.

Spread across 8 acres within Bengaluru's fast-growing airport, the AISATS BLR Logistics Park is set to become a key enabler of regional trade.

The Logistics Park is a cluster of three distinct buildings to serve the cargo community. A modern two-level main warehouse offering more than 240,000 sq. ft of Grade A warehousing space, designed to serve the freight forwarders, express courier operators and leading logistics players. Importantly, this main warehouse includes a common-user general warehouse space to cater for small and medium enterprises and cold storage warehouse space for pay-per-use access, strengthening inclusivity and competitiveness in the logistics ecosystem.

To complement this, there is a 11,000 sq. ft public bonded warehouse to allow importers and OEMs to securely store and manage their cargo shipments under Customs bond. The Logistics Park also offers an office block with 24,000 sq. ft of space for Customs House Agents, logistics companies and support services.

AISATS will also provide trucking services to ensure faster, economical and seamless movement of cargo between the Logistics Park and Cargo Terminals at BLR Airport. Sustainability being the key focus, it incorporates several eco-friendly initiatives including rainwater harvesting systems, tapping of natural lights and energy efficient LED lighting system across the facility and waste management based on the Reduce, Reuse, and Recycle principle.

Marking the launch of the AISATS BLR Logistics Park, Mr. Nipun Aggarwal, Chairman of AISATS said, "The AISATS BLR Logistics Park represents a landmark achievement in India’s vision for infrastructure-led economic growth. This world-class facility will not only enhance regional economic prosperity but also position Bengaluru and Karnataka as key hubs for logistics innovation and trade excellence. It aligns perfectly with Air India’s vision and commitment towards providing seamless cargo connectivity across India and levelling up the country’s burgeoning cargo and logistics sector."

Mr. Bob Chi, CEO, APAC Gateway Servies of SATS added: “The AISATS BLR Logistics Park is set to play a crucial role in strengthening Bengaluru’s air cargo capabilities, boosting trade, and reinforcing India’s position as a leader in industrial and economic development. It will serve as a vital node in accelerating SATS’ hub handling capabilities across our global network. By streamlining cargo flows and enhancing efficiency at this key gateway, SATS is not only strengthening its presence in the Indian market but also bolstering global supply chains through the seamless movement of cargo worldwide."

Mr. Ramanathan Rajamani, CEO of AISATS, said, "The AISATS BLR Logistics Park reflects AISATS’ unwavering commitment to advancing India’s logistics ecosystem. By offering world-class infrastructure and cutting-edge technologies, we are dedicated to facilitating efficient cargo movement, driving growth for local businesses, and reinforcing Bengaluru's position as a major logistics and trade hub."

Mr. Hari Marar, MD & CEO, Bangalore International Airport Limited (BIAL) said, “We are pleased to partner with AISATS on this strategic initiative. The AISATS BLR Logistics Park is a significant addition to our growing cargo ecosystem at Kempegowda International Airport Bengaluru, which is already the leading exporter of perishables in the country and houses the country's largest domestic cargo terminal by design capacity. This collaboration aligns with our shared vision of building a future-ready, efficient, and connected logistics gateway that supports both domestic growth and global trade.”

The AISATS BLR Logistics Park also aligns seamlessly with AISATS’ national expansion strategy, complementing the upcoming Multi-Modal Cargo Hub (MMCH) at Noida International Airport. This underscores AISATS' commitment to establishing a robust, integrated logistics infrastructure across India.

AISATS continues to focus on setting new industry benchmarks through strategic infrastructure projects, digital innovation, and sustainable logistics solutions, reinforcing India's position as a global logistics leader.

Delhivery Appoints Ex-PepperTap Co-Founder, Milind Sharma, as Head of Rapid Commerce and D2C Brands

Delhivery, India's largest fully-integrated logistics services provider, has announced the appointment of Milind Sharma as Head of Rapid Commerce and D2C Brands. Milind is a serial entrepreneur with over 14 years of experience in high-growth ventures across e-commerce, and quick commerce.

Milind Sharma

Milind was a founding member of Delhivery in 2012, scaling operations to 100,000 daily orders while leading Business Development. He later co-founded PepperTap, a hyperlocal pioneer that reached $200M+ ARR, and Nuvo Logistics, where he expanded the business to $10M+ revenue across 75+ cities before its acquisition by Shadowfax, where he led growth and strategy. Most recently, he launched Flyo, a quick commerce platform and Mabel, a jewelry commerce venture.

In his new role at Delhivery, Milind will build out the Rapid Commerce Service as well as oversee Delhivery’s entire product portfolio for direct-to-consumer brand segment. Milind will also be scaling up Delhivery’s same-day and next-day offerings.

Commenting on his appointment, Milind Sharma said, "Rejoining Delhivery feels like a homecoming for me. This is where I started my startup journey, and I’m eager to contribute to the next phase of growth by building the Rapid Commerce service and serving the D2C Brand segment and building on Delhivery’s strong foundation alongside the team."

Sahil Barua, Chief Executive Officer at Delhivery, said, "We’re excited to welcome Milind back to Delhivery. Having been part of our early journey, he understands our DNA and what it takes to build and scale in this space. His entrepreneurial mindset and deep experience in consumer businesses will be invaluable as we expand our Rapid Commerce and D2C Brands segment."

About Delhivery:

Delhivery is India's largest fully-integrated logistics services provider. With a nationwide network covering over 18,700 pin codes, the company offers a wide range of logistics services, including express parcel transportation, part-truckload freight, full-truckload freight, cross-border services, supply chain solutions, and technology services. Since its inception, Delhivery has successfully fulfilled over 3.4 billion shipments and serves over 39,000 customers, including large and small e-commerce participants, SMEs, and other enterprises and brands.

Rapido Partners With Bangalore Electronics Dealer Association (BEDA) Enabling Its 3,000 Members Utilize Rapido Parcel for Intra-City Shipping

Rapido, India’s leading urban mobility platform, today announced its partnership with the Bangalore Electronics Dealer Association (BEDA). This collaboration will enable over 3,000 BEDA member businesses to utilize Rapido Parcel for their intra-city shipping needs, providing a more affordable and secure delivery solution.

This partnership addresses the critical logistics challenges faced by local electronics dealers, offering a cost-effective and reliable alternative for transporting goods within Bangalore. Rapido Parcel provides a significant cost advantage, with rates up to 25% lower than other delivery providers. Furthermore, all products shipped through Rapido Parcel are insured, providing an added layer of security and peace of mind for businesses. A dedicated relationship manager is also available 24/7 to address any queries and ensure seamless operations.

“This partnership with Rapido is a game-changer for our members,” stated Mr. Vishal Varandani (President, Bangalore Electronic Dealers Association, BEDA ) and Mr Lalit Dakliya (V P). “Rapido Parcel offers a much-needed solution to the logistical challenges faced by electronics dealers in Bangalore. The combination of affordability, insurance, and dedicated support is invaluable. We are confident that this collaboration will significantly enhance the efficiency and profitability of our member businesses.”

Rapido continues to expand its offerings beyond passenger transportation, leveraging its technology and network to provide innovative logistics solutions. This partnership with BEDA underscores Rapido's commitment to empowering local businesses and contributing to the growth of the urban economy.

Rapido is India’s leading commute app, offering seamless auto, bike taxi, and cab services across 100+ cities. Founded in 2015, Rapido has transformed shared mobility, expanding its offerings from bike taxis to include auto-rickshaws and cabs. The company is committed to generating employment opportunities for gig workers nationwide. With a focus on women empowerment, Rapido creates secure livelihood opportunities for women in shared mobility. By extending services beyond metro areas to tier 2 and 3 cities, Rapido connects communities across India.

Adani and US-based Panattoni to Setup Logistics Parks in Kochi

Major companies including Adani Group and US-based industrial real estate company, Panattoni, are planning to set up logistics parks in Kochi, Kerala, reported the New India Express, citing Industries Minister P Rajeeve.

California-based Panattoni has chosen a 100-acre plot at Edayar Industrial Estate for its logistics park. The project is in the final stages of discussion, and work is expected to begin soon.

Adani Group plans to invest ₹500 crore to develop a logistics park on a 70-acre space near HMT in Kalamassery. The park will feature state-of-the-art warehouses and is expected to create hundreds of new jobs.

E-commerce giant Flipkart is nearing completion of its facility at Kalamassery Park, which will become operational by the end of the year.

A Bengaluru-based company is setting up a third logistics park at Parakadavu, Angamaly, covering an area of 2.5 lakh sqft. The logistics parks will enhance Kochi's infrastructure and connectivity, making it an attractive location for businesses

Kochi's warehousing market has seen significant growth, with transaction volumes increasing by 239% to 0.9 million sqft in 2022-23 from 0.3 million sqft the previous year.

Industries Minister P Rajeeve highlighted that Kochi's proximity to Cochin Port and Vizhinjam Port makes it an attractive location for logistics parks. He highlighted Kochi's strategic location, proximity to Cochin Port, and easy access to Vizhinjam Port as key attractions for setting up logistics parks. He also mentioned that the projects will help create hundreds of new jobs.
The Flipkart facility at Kalamassery Park is nearing completion and is expected to become operational by the end of the year, generating around 1,000 direct and 3,000 indirect jobs.

This development is a significant step towards boosting Kochi's logistics sector and creating new job opportunities.

Kerala State Industrial Development Corporation (KSIDC) has developed multiple logistics parks across the state to support industrial growth and enhance connectivity. Kalamassery Logistics Park is located near Kochi and is a key hub for warehousing and distribution activities. Edayar Industrial Estate is an another important logistics park in the Kochi region, providing essential infrastructure for various businesses.

Situated in Angamaly, Parakadavu Logistics Park is part of the ongoing development projects in the region.

These parks are strategically located near major transportation hubs, including Cochin Port and Vizhinjam Port, enhancing their accessibility and efficiency.

Ecom Express Launches ‘E-Pathshaala’, An LMS for Its Workforce Training

Ecom Express Limited (“Ecom Express”), India’s only pure-play B2C e-commerce logistics solutions provider as of the Financial Year 2024 (Source: RedSeer)*, unveils ‘E-Pathshaala,’ a transformative Learning Management System (LMS) that embodies the company’s commitment to redefining workforce development.

As part of Ecom Express’s continuous evolution, E-Pathshaala serves as a platform not only to upskill its workforce but also to open doors for fresh talent aspiring to build a career in supply chain and logistics. This initiative is part of the company’s continued efforts to drive operational excellence and foster a culture of learning and growth among its workforces, aligned with the company’s focus on strengthening its operational framework.

E-Pathshaala addresses the unique learning needs of delivery personnel, providing access to a rich repository of regional language motion graphic video courses. These courses are interactive, engaging, and tailored to equip Delivery Partners with the knowledge and tools needed to navigate the challenges of last-mile delivery effectively.

The platform also extends its offerings to Delivery Centre Managers, helping them lead teams with greater efficiency and accountability. Key features include regional language content for maximum inclusivity, certification for learning achievements to enhance professional credentials, comprehensive tracking to monitor progress and identify areas for improvement, and mobile-friendly access for learning anytime, anywhere. E-Pathshaala stands out with its user-friendly features, allowing delivery teams to seamlessly track their learning journeys.

Highlighting the significance of the initiative, Swati Mor, Chief Human Resources Officer, Ecom Express said, “E-Pathshaala is not just a testament to our unwavering commitment to the personal and professional growth of our workforce but also a gateway for aspiring individuals to build meaningful careers in logistics. By equipping them with the right knowledge and skills, we enhance individual performance and reinforce our mission to deliver operational excellence and customer satisfaction. The content of the modules has been strategically designed by our internal team operational and product excellence in conjunction with external partners”

Since its inception, the platform has seen almost 65,000 unique users accessing the learning courses. So far, the total learning time spent is approximately 80,000 hours on the platform completing 7044 courses. The certifications act as tangible recognition of their skills, fostering motivation and accountability. This highlights the company’s commitment to structured investments in workforce development and empowering delivery teams. To mark this milestone, Ecom Express has unveiled an engaging promo video that showcases the transformative potential of E-Pathshaala. Viewers can explore the platform’s capabilities on the company’s LinkedIn and Facebook pages.

ADB Approves $350 Mn Loan to Enhance India’s Logistics Sector and Export Competitiveness

The Asian Development Bank (ADB) has approved a $350 million policy-based loan to support India in strengthening and modernizing its logistics sector. This funding will finance the second subprogram under the Strengthening Multimodal and Integrated Logistics Ecosystem Program. The goal is to create a comprehensive policy, planning, and institutional framework at the state and city levels.

Key Objectives

• Implementing strategic policy reforms to improve infrastructure and streamline logistics processes.
• Promoting the integration of digital technologies to facilitate smoother movement of goods.
• Advancing green transition guidelines for inland waterways and promoting environmentally sustainable logistics practices.
• Creating substantial employment opportunities across urban and rural regions.

The ADB's support aligns with the Indian government's initiatives like the Prime Minister Gati Shakti-National Master Plan (PMGS-NMP) and the National Logistics Policy (NLP), aiming to modernize infrastructure and promote digitization.

"The development of the logistics sector has a profound impact on the manufacturing sector's competitiveness. Improved logistics efficiency enhances supply chain resilience, reduces transaction costs, and boosts export competitiveness,” said ADB Senior Public Management Economist Sameer Khatiwada. “The integration of digital technologies and standardized processes facilitates smoother movement of goods, which is crucial for manufacturing growth.”

Amazon Expand Partnership With India Post to Unlock Deliveries Across All of India’s Serviceable Pin Codes, Even in the Remotest Areas

Amazon India and India Post have signed a Memorandum of Understanding (MoU) to boost nationwide delivery capabilities. This collaboration aims to enhance Amazon's reach, especially in remote and rural areas, by leveraging India Post's extensive last-mile delivery network.

Amazon will tap into India Post's vast postal network to facilitate deliveries across every pin code in the country.

Under the MoU signed, Amazon India and India Post aim to collaborate to harness the postal service's extensive last-mile delivery network, enabling Amazon to enhance the speed, efficiency, and reach of its deliveries, especially in remote and rural areas, which is about 19,300 pin-codes and Army pin-codes across India. 

Notably, Amazon and India Post have been partners since 2013, and this MoU further strengthens their collaboration.

In 2014, Amazon India launched a pilot project to test India Post’s cash on delivery model, and eventually became the first e-commerce company to enable an end-to-end integrated cash-on-delivery solution with India Post. This along with overall improvements has resulted in an almost 3x increase in the volume of Amazon parcels being delivered via India Post in the past 18 months.

Both companies will closely synchronize operations to maximize efficiencies, optimize resource utilization, and explore capacity sharing across their logistics networks.

Amazon has enabled an end-to-end integrated cash-on-delivery solution with India Post, which has significantly increased the volume of Amazon parcels being delivered via India Post.

Over the years, this India Post-Amazon collaboration has hit several milestones—from Amazon India becoming the only e-commerce company to serve Army-restricted locations through the Army Postal Service, to serving customers in remote locations such as Leh’s Nubra Valley, the South Garo hills in Meghalaya, and the Andaman and Nicobar Islands, among others.

This partnership is expected to improve delivery speed, efficiency, and reach, benefiting both Amazon and its customers.

Ecom Express Unveils New Brand Identity

Ecom Express Limited (“Ecom Express”), India’s only pure-play B2C e-commerce logistics solutions provider as of the Financial Year 2024 (Source: RedSeer Report) operating a pan-India express logistics network, has unveiled a new brand identity.

This transformation reflects the company’s conscious commitment to being customer-focused, including addressing specific customer category needs, a focus on customer-facing metrics and key result areas, and seamlessly integrating innovative technology across its pan-India express logistics network, achieving speed, agility along with the widest levels of network reach, to deliver a customer-focused approach.

 

Manju Dhawan, Co-Founder, Ajay Chitkara, CEO & MD and K Satyanarayana Co-founder & Director, Ecom Express at the Unveiling

Ecom Express Warehouse with new Logo

This rebranding initiative features a vibrant, forward-thinking logo and a refreshed visual identity that symbolizes Ecom Express’s pursuit of excellence. The new logo, with its forward-moving arrow enclosed within a square, embodies the company’s commitment to deliver. The ingenious integration of the letter "E" stands for Expression, Innovation, and Progress, while the bold magenta color embodies the spirit of bravery, self-expression, and unyielding strength—. Ecom Express is reintroducing itself with a new identity and a vibrant color—Magenta. This rebranding represents a renewed commitment to their customers, partners, and team. Ecom Express is determined to simplify and democratize logistics for everyone, everywhere,.

Elaborating on the vision behind the transformation, Ajay Chitkara, CEO and MD of Ecom Express, said, “Ecom Express has consistently earned the trust and admiration of our partners, patrons, and customers. As we advance to greater heights, our refreshed brand identity signifies a reaffirmation of our customer-first approach. We are committed to integrating robust technology and innovation to deliver reliable, high-speed services with the widest network reach, all while optimizing operational efficiency and flexibility. He added, “This transformation also strengthens our commitment to our employees and delivery partners, who are fundamental to our business. Our new identity is a testament to our promise of excellence and dedication to redefining logistics through advanced technology aimed at making life easier for all types of customers.”

Ecom Express's new logo is a symbol of its commitment to core values. Each element of the logo embodies Ecom Express's focus on enhancing customer welfare, and fostering a diverse and inclusive environment.

Ecom Express is India’s only pure-play B2C e-commerce logistics solutions provider as of the Financial Year 2024 (Source: RedSeer). Ecom Express operates a pan-India express logistics network covering first-mile pick-up, mid-mile transportation and last-mile delivery as well as reverse logistics (i.e., returns) and fulfilment services (i.e., warehousing). By providing essential logistics infrastructure and leveraging technology capabilities, Ecom Express connects digital retailers and e-commerce platforms to their end consumers across the country. As of March 31, 2024, we had the widest coverage pan-India and in Tier 2+ regions compared to our peers and cover over 27,000 PIN codes (Source: RedSeer Report).

Flipkart-backed BlackBuck to Raise Upto $300 Million from IPO

BlackBuck, the largest trucking network in India, is gearing up for an initial public offering (IPO) in the next fiscal year. Backed by Flipkart, BlackBuck aims to raise up to $300 million from the IPO. The company has already converted itself into a public entity, which will enable it to raise funds from a broader pool of investors.

According to a report by Moneycontrol, the company has recently appointed merchant bankers and lawyers to advise on their IPO. The company has also started working on preparation of their draft red herring prospectus (DRHP).

This move comes as the company seeks to expand its services and grow its core freight business. Flipkart's backing has been instrumental in BlackBuck's journey, and the IPO is a significant step toward realizing their vision.

BlackBuck's platform connects over 700,000 truckers, 10,000 shippers, and 500 partners, streamlining load transportation 1. By leveraging real-time tracking and telematics services, they've made logistics more efficient for all stakeholders.

Founded in 2015, by IIT Kharagpur alumni Rajesh Yabaji, Chankaya Hridaya, and Ramasubramaniam, BlackBuck has been a pioneer in digitizing and simplifying trucking operations in India. BlackBuck connects companies looking to ship goods with truckers efficiently. The company has revamped the trucking infrastructure to facilitate payments, insurance, and financial services.

What sets BlackBuck apart is its focus on making the trucking industry accessible and transparent for small fleet owners and truck drivers. By empowering them with better access to business and revenue, BlackBuck has significantly improved their economic prospects.

BlackBuck also offers GPS tracking devices, FASTags, and fuel cards.

The company is looking to hit the market with its IPO in the second half of FY25.