Pune-based Algorhythm Tech got acquired by Delhivery, which is an integrated service provider
Algorhythm tech Pvt Ltd delivers clever planning and optimization solutions for enterprise supply chain operations.
Arjit Singh, Co-founder, of Algorhythm tech, said they could think of no better company or team to work with to accelerate their vision for the future. As Delhivery has made its long way to emerge as the largest logistics provider in India
The company said that by 31st Jan 2023 all the transaction is expected to be complete. The company would be a 100 percent acquisition post in which algorhythm Tech will function as a wholly-owned Subsidiary of Delhivery.
Algorhythm tech’s supply chain management(SCM) offers end-to-end supply chain planning and execution products.
The supply chain solutions also offer value-added services to clients across FMCG, auto, steel, telecom sectors and pharma through its proprietary Rhythm 3.0 platform.
The Delhivery company is said to provide comprehensive and integrated logistics solutions. It combines warehousing and transportation operations, network, infrastructure and technology with deep data science and business intelligence capabilities.
Sandeep Kumar Barasia, Executive Director and Chief Business officer, said that SCM products are increasingly becoming vital for supply chain planning and optimization. Through this, the clients will have the option to avail the benefits of these as a part of their ‘Integrated Solutions Platforms’.
Delhivery works with over 28000 customers and has fulfilled over 1.7 billion shipments.
The logistics service providers network is live on the Open Network for Digital Commerce(ONDC), a government platform.
Delhivery is an Indian logistics and supply chain company based in Gurugram. It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Mangini, Suraj Saharan and Kapil Bharati.
It was initially conceptualized as a hyperlocal express delivery service provider for offline stores, delivering flowers and food locally in the city of Gurugram.
Featured image credits: Frantiger consulting
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