LogiNext’s YourGuy for De­liv­ery

LogiNext’s arm Sprintr buys cross-cat­e­gory last mile de­liv­ery firm

The Economic Times - - Disruption: Startups & Tech - Payal.Gan­guly @times­group.com

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

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