Monday, 25 April 2016

LogiNext acquires delivery portal YourGuy

Logistics and software company LogiNext has acquired YourGuy; a Mumbai based cross category last mile delivery startup. The acquisition is aligned for strengthening and expanding LogiNext last mile delivery platform Sprintr, launched last week.
Logistics management system Sprintr is a technology driven platform to both clients and delivery partners. Aggregating delivery capacity through providing technology to delivery companies, clients can now just push orders and delivery requests through the same software across India. This enables the big businesses to get their delivery sorted, while giving a business to their delivery partners free of cost.
The Sprintr platform has an active network of 250 delivery personnel on ground; the platform is managing close to over 5000 deliveries daily. Sprintr is currently operational in Gurgaon, Mumbai, Jaipur, and Ahmedabad, handling both pre-scheduled and on-demand orders. Founded in 2014, YourGuy is valued at $1.5 Million, while processing 4,000 deliveries per day, working for clients in segments including pharmaceuticals, documents, food, retail, laundry, and grocery.

Further, being a B2B delivery portal, it hosts clients like Godrej Nature Basket, iChef, Wellness Forever, Suburban Diagnostics, and several tiffin services. After the acquisition, LogiNext major task would be to upgrade the fixed expense model of YourGuy to an automated model, allowing users to sign up and start delivering automatically.

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