Mahindra Logistics buys into technology startup ShipX
Posted on: 30/Aug/2018 5:24:55 PM
Mahindra Logistics (MLL), one of India�s largest Third-party logistics (3PL) solution providers, today announced the acquisition of a strategic stake in Transtech Logistics, also known as ShipX.
ShipX is a SAAS (Software as a Service) based Transport Management Solution (TMS) platform that serves the supply chain automation needs for 3PLs, shippers and transporters.
Shipx is founded by a mature and experienced team who were part of a Boston-based supply chain fulfillment company that had been incubated by Infosys.
ShipX has been working with MLL for over 3 years and has been enabling transportation solutions. This acquisition will help MLL to increase end-to-end digitization and bring in operational efficiencies.
Mr. PirojshawSarkari, CEO - Mahindra Logistics, said, �Logistics in future will be more technology driven � both in terms of our own operations, as well as interfaces with our customers and business partners. With our asset light business model, we are already like a �platform�. The strengthening of our relationship with Shipx opens up a new opportunity to take this to the next level.�
Mr. Amarnath Kalale, Co-Founder of Transtech, said �MLL has been our most valuable customer for more than 3 years. This investment will help us in developing more product features and strengthening the organization. �
