IPO-bound Delhivery invests in automation platform, Falcon Autotech

With the investment, both the companies will design and implement new automation solutions to Delhivery’s transportation and warehousing operations.

IPO-bound logistics major Delhivery has announced its investment in automation platform Falcon Autotech. The company provides solutions through automation to logistics players in the market. The investment is in line with Delhivery’s prime objective of having regular investments in future-ready hardware solutions in its operations.

The amount invested by the Delhivery is undisclosed. With this strategic partnership, the logistics major expects to work closely with Falcon Autotech to design, implement and provide solutions for transportation and warehousing operations. The partnership will also grow Delhivery’s verticals in the national and international markets.

Incorporated in 2011, the company already operates 20 automation centres, 124 gateways and 83 fulfilment centres across the country as of June 30, 2021. Commenting on the partnership, Ajith Pai, Chief Operating Officer (COO), Delhivery, said, “The collaboration with Falcon Autotech strengthens our ability to drive greater speed, precision and efficiency across our business lines.”

We are delighted to welcome Delhivery as a partner to Falcon. This investment is a testimony to Falcon’s commitment to our customers, our design, technology and delivery capabilities and the product roadmap ahead”, said Naman Jain, Chief Executive Officer (CEO), Falcon Autotech.

On November 2, 2021, Delhivery has filed its preliminary papers with the market regulator Securities and Exchange Board of India (SEBI) seeking to raise a billion dollars in an Initial Public Offering (IPO).

Subscribe to our newsletter
Subscribe to our newsletter
Sign up here to get the latest news delivered directly to your inbox.
You can unsubscribe at any time