Logistics services provider Delhivery announced a strategic investment in Vinculum, a global software leader enabling omnichannel retailing.
The investment is the first part of a potential two-stage deal that provides Delhivery the option to further increase its shareholding in the company after six months.
A strategic partnership with Vinculum strengthens Delhivery’s fulfillment solution to brands, Rajaganesh S, Head of Supply Chain Solutions at Delhivery, said.
Vinculum has scaled up into a leading SaaS omnichannel software company working with over 400 brands across grocery and FMCG, healthcare, beauty, cosmetics, fashion and jewellery in India, South East Asia and the Middle-East markets.
Delhivery has reported Rs 1,860 crore in revenue in the January-March quarter with net loss of Rs 159 crore.
The company reported growth in express parcel volumes by 10 million shipments (QoQ) to 180 million shipments in Q4, from 170 million shipments in Q3.
