Home / Logistics / Mahindra Logistics Acquires Technology Startup ShipX

Mahindra Logistics Acquires Technology Startup ShipX

Mumbai:

Port Wings News Network:

Mahindra Logistics (MLL), one of India’s largest Third-party logistics (3PL) solution providers, on 30 August 2018 announced the acquisition of a strategic stake in Transtech Logistics, also known as ShipX.

ShipX is a SAAS (Software as a Service) based Transport Management Solution (TMS) platform that serves the supply chain automation needs for 3PLs, shippers and transporters.

Shipx is founded by a mature and experienced team who were part of a Boston-based supply chain fulfillment company that had been incubated by Infosys.

ShipX has been working with MLL for over 3 years and has been enabling transportation solutions. This acquisition will help MLL to increase end-to-end digitization and bring in operational efficiencies.

Mr. Pirojshaw Sarkari, CEO – Mahindra Logistics, said, “Logistics in future will be more technology driven – both in terms of our own operations, as well as interfaces with our customers and business partners. With our asset light business model, we are already like a ‘platform’. The strengthening of our relationship with ShipX opens up a new opportunity to take this to the next level.”

Mr. Amarnath Kalale, Co-Founder of Transtech, said “MLL has been our most valuable customer for more than 3 years. This investment will help us in developing more product features and strengthening the organization.”

About Editor News

Check Also

Kerry Logistics Extends Foothold in Pakistan To Tap Into Increasing Trade In South Asia

Chennai: Port Wings News Network: Kerry Logistics Network Limited has extended its foothold in Pakistan …

Leave a Reply

Your email address will not be published. Required fields are marked *