IPO-bound Delhivery makes an investment in Falcon Autotech

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Delhivery Ltd has announced an investment in Falcon Autotech, a logistics automation solutions provider. This announcement is in line with Delhivery’s stated objective of sustained investments in future-ready hardware solutions in its operations. Delhivery (including Spoton) already operates 20 automated sortation centres, 124 gateways, and 83 fulfillment centres across India as of June 30, 2021.

Commenting on the investment, Ajith Pai, Chief Operating Officer, Delhivery, said, “The collaboration with Falcon Autotech strengthens our ability to drive greater speed, precision, and efficiency across our business lines.”

With this partnership, Delhivery expects to work closely with Falcon Autotech to design and implement new automation solutions for transportation and warehousing operations. The partnership will also enable the bundling of the hardware automated solutions along with Delhivery’s SaaS platform, one of the proposed growth verticals for Delhivery in the national and international market.

Naman Jain, Chief Executive Officer, Falcon Autotech, added, “We are delighted to welcome Delhivery as a partner to Falcon. This investment is a testimony to Falcon’s commitment to our customers, our design, technology, and delivery capabilities, and the product roadmap ahead.”

About Delhivery

According to the RedSeer Report, Delhivery is India’s largest and fastest-growing fully integrated logistics services player by revenue as of Fiscal 2021. With its nationwide network covering over 17,000 pin codes during the six months ended June 30, 2021, the company provides a full suite of logistics services such as express parcel transportation, PTL, TL freight, cross-border, supply chain, and technology services. Delhivery has successfully fulfilled over 1 billion shipments since inception and today works with over 21,000 customers (for the three months ended June 30, 2021), including large & small e-commerce participants, SMEs, and other enterprises & brands.

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