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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.”

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