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Delhivery set to acquire Algorhythm Tech for Rs 14.9 crore
source link: https://nextbigwhat.com/delhivery-set-to-acquire-algorhythm-tech-for-rs-14-9-crore/
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Delhivery set to acquire Algorhythm Tech for Rs 14.9 crore
By the end of January 2023, Delhivery anticipates having closed the deal, at which point Algorhythm Tech will become a fully-owned subsidiary of Delhivery.
The revenues from Delhivery’s IPO, which garnered $5,235 crore in May of this year, would be used to pay for the purchase of Algorhythm Tech, which offers intelligent planning and optimisation solutions for enterprise supply chain operations.
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