Chennai: The e-commerce delhivery logistics company has taken Spoton logistics, by buying bets held by Samara Capital and Xponentia Capital, with cash prices worth around Rs 1,600 Crore.
Spoton, B2B logistics company (business-to-business), is fully owned by investors two PE (private equity), which comes out after three years.
Previously, Indian Equity Partners had taken Indian TNT bets in Spoton, which were then sold to two PE companies.
PR Srinivasan, managing partners in Xponentia Capital, said, “After spinning in early 2012 with less income than Rs 12 Crore a month, the company has been able to grow close to Rs 1,000 crore per year, due to emphasis on technology.” In the past three years, Spoton acquired RTS (business supply chain solutions) and set two new verticals that focus on “Air Express” and “non-corporate customers”.
“Spoton net sales, and each income grew on 24% CAGR and 30%,” said the company.