Mahindra Logistics to acquire majority stake in Hyderabad-based Whizzard
Hyderabad: Mahindra Logistics will acquire majority stake in ZipZap Logistics, a last-mile logistics service provider operating under its brand ‘Whizzard’. The acquisition will complement Mahindra Logistics’ existing last mile delivery business and EDeL, its Electric Vehicle (EV) based delivery services. This transaction will help accelerate addition of technology, geographical coverage, and operational capabilities. Hyderabad-based Whizzard […]
Hyderabad: Mahindra Logistics will acquire majority stake in ZipZap Logistics, a last-mile logistics service provider operating under its brand ‘Whizzard’.
The acquisition will complement Mahindra Logistics’ existing last mile delivery business and EDeL, its Electric Vehicle (EV) based delivery services. This transaction will help accelerate addition of technology, geographical coverage, and operational capabilities.
Hyderabad-based Whizzard operates an intra-city distribution network for digital commerce and last mile delivery. The company enables seamless handling of 60 million packages per year, across diverse segments.
Led by founding team of Ankit Madhania and Arun Rao, it has grown 10X in the last three years and serves customers with its full stack digital capabilities and micro-distribution centres catering to over 3,000 pin codes.
Speaking on the occasion, Rampraveen Swaminathan, MD & CEO, Mahindra Logistics, said, “This association will enhance and strengthen our existing presence for our customers in e-commerce and other segments. The Whizzard team has built deep capabilities and delivered strong growth till date. We look forward to building the association together and providing customers integrated solutions”.
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.
Click to follow Telangana Today Facebook page and Twitter .
