Delhivery, the homegrown logistics service provider, has invested an undisclosed amount in Falcon Autotech, which offers intra-logistics automation solutions and sortation systems among other services in the logistics and warehousing space. The logistics platform plans to steer this investment towards designing and implementing better & newer automation nexus in its logistics and warehousing operations.
The collaboration with Falcon Autotech strengthens our ability to drive greater speed, precision and efficiency across our business lines.”~ Ajith Pai, Chief Operating Officer (COO), Delhivery
The investment will also be a catalyst in amalgamating the hardware automated solutions and Delhivery’s SaaS platform, which is one of its proposed growth verticals in the domestic as well as international market.
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.”~ Naman Jain, CEO, Falcon Autotech
The logistics platform, including Spoton (recently acquired by Delhivery to strengthen its B2B vertical), currently has 20 automated sorting facilities, 124 gateways and 83 fulfilment centres across India, and provides a bundle of logistics services such as express parcel transportation, PTL, TL freight, cross-border, supply chain, and technology services. In November, Delhivery filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), for an issue size of INR 7,460 crore.