DTDC Express Invested $1 million in Logistics Firm Shipsy
Logistics major DTDC Express has picked up 20 per cent stake in Gurgaon-based Llama Logisol, which operates logistics solutions provider Shipsy, for over USD 1 million (Rs 6.65 crore).
Shipsy was founded in June last year by IIT graduates, Soham Chokshi, Dhruv Agrawal, Maharshi Devraj and Himanshu Gupta.
Abhishek Chakraborty, Executive Director of DTDC Express, said the investment in Shipsy would go a long way in helping it adopt disruptive technologies. "DTDCs investment in Shipsy would go a long way in helping itself adopt disruptive technologies in its future growth segments of eCommerce and e-fulfilment," Chakraborty added.
In September last year, Shipsy had received angel funding from Dheeraj Jain, the managing partner of Redcliffe Capital.
After Jain came on board, Ship...