Monday, March 20, 2023
Outlook India
Outlook Business


The visit is significant for SoftBank, which has been facing losses from its Vision Fund, and comes on the back of a series of stake offloads across listed firms

Prior to this, SoftBank offloaded shares worth $75 million in the initial public offer (IPO) of Delhivery, in March 2022

The shares were offloaded at an average price of Rs 335.06 per scrip, taking the aggregate deal value to Rs 414.23 crore

The funds will be deployed to broaden Crest’s product offerings and scale its operations

The real-time tracking feature of the client dashboard will allow users to monitor the locations of their vehicles and riders and carbon saved tracking

Recently, Delhivery and Godrej Appliances have jointly inaugurated a new warehouse in Ghaziabad (NCR) to handle all fulfillment needs at a pan-India level

The numbers reflect the overall funding winter that the start-up space in particular, and the overall foreign investments in general have been witnessing since the Ukraine war began last February

Founded in 2003 by Abhaya Borwankar, Ajit Singh, and Sandeep Pendurkar, Algorhythm is known for offering end-to-end supply chain planning and execution products to clients across multiple sectors

The company said that its express parcel volumes remained stable during the second quarter driven by festive season sales, especially in the Heavy Goods category