LogiNext’s YourGuy for Delivery
LogiNext’s arm Sprintr buys cross-category last mile delivery firm
Bengaluru: Logistics solutions platform LogiNext has acquired YourGuy, a cross-category last mile delivery company in Mumbai. The mixed cash and equity deal is a business acquisition and YourGuy’s 200 delivery personnel and the team of 20 will be absorbed by Sprintr, the last mile delivery vertical of LogiNext.
“We will be using the Sprintr platform to on-board regional last-mile delivery players who use our tech and pay us a share in the commission. LogiNext will also direct business to these regional players to incentivize the association,” said Dhruvil Sanghvi, CEO of LogiNext. YourGuy does an average of 4,000 orders per day from varied customers including Godrej Nature’s Basket, Subruban Diagnostics, Wellness Forever and others. With this acquisition, Paytm-backed LogiNext will be doubling its daily orders. “Apart from Mumbai we are also looking at acquiring a last mile delivery player in DelhiNCR to strengthen the Sprintr vertical,” added Dhruvil Sanghvi. The last mile vertical of LogiNext works with ecommerce players Paytm and Myntra as well as other food delivery companies and pharmacies which constitute 30% of the lastmile business. Sprintr has a presence in four cities as of now.
Sprintr will be expanding to three new cities in the JulySeptember quarter