LogiNext acquires last-mile start-up YourGuy for $1.5 m – Feedback

Logistics player LogiNext has acquired YourGuy, a cross-category last mile delivery start-up based out of Mumbai, for $1.5 million. The acquisition has been done to strengthen LogiNext’s last-mile delivery platform Sprintr, which was launched in December wherein any individual can sign up and become a delivery boy on their mobile app.

Sprintr also aggregates delivery capacity by providing its technology to many delivery companies across India. On the other end, their clients push orders and delivery requests via this software and get the feel of a pan India delivery network. It creates a win-win situation for everyone as Sprintr clients get a large tech-enabled delivery network and their delivery partners get the technology along with more business from the same platform at almost zero expense, the company said in a statement.

http://www.thehindubusinessline.com/todays-paper/tp-news/loginext-acquires-lastmile-startup-yourguy-for-15-m/article8520811.ece

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