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Mahindra Logistics Ltd. acquires B2B express business of Rivigo Services for ₹225 crore

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Mahindra Logistics Ltd. (MLL) acquires B2B express business of Rivigo Services, a logistics firm for ₹225 crore. The transfer will be effective from October 1.

According to the terms of the agreement, MLL would acquire Rivigo’s business, including the start-customers, up’s team, and assets, as well as the B2B express business, technology platform, and the Rivigo brand, through a Business Transfer Agreement (BTA). According to the company, the acquisition would supplement MLL’s existing B2B express business by leveraging Rivigo’s network, technology, and process capabilities. Rivigo, based in Gurgaon, covers 19,000 pin codes across the country.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Mahindra Logistics Ltd. acquires B2B express business of Rivigo Services for ₹225 crore

Mahindra Logistics Ltd. (MLL) acquires B2B express business of Rivigo Services, a logistics firm for ₹225 crore. The transfer will be effective from October 1.

According to the terms of the agreement, MLL would acquire Rivigo’s business, including the start-customers, up’s team, and assets, as well as the B2B express business, technology platform, and the Rivigo brand, through a Business Transfer Agreement (BTA). According to the company, the acquisition would supplement MLL’s existing B2B express business by leveraging Rivigo’s network, technology, and process capabilities. Rivigo, based in Gurgaon, covers 19,000 pin codes across the country.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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