New Delhi: Logistics company Delhivery has recently made an investment in Vinculum, a software-as-a-service (SaaS) company focused on direct-to-consumer (D2C) operations. The investment marks the first phase of a potential two-stage deal, allowing Delhivery the option to increase its shareholding in Vinculum after a six-month period. The financial specifics of the transaction have not been disclosed by either company.
This investment is expected to bolster Delhivery’s position as a prominent logistics solutions provider in the D2C segment. Both Delhivery and Vinculum aim to collaborate and develop an integrated stack of services to address the diverse post-purchase requirements of D2C brands.
Rajaganesh S, the Head of Supply Chain Solutions at Delhivery, expressed enthusiasm about the strategic partnership with Vinculum, emphasizing the enhancement of Delhivery’s fulfilment solution for brands.
This move follows Delhivery’s previous acquisition of Algorhythm Tech Pvt. Ltd, a Pune-based supply chain software firm, which occurred just six months prior. The integration of Algorhythm Tech’s solutions into Delhivery’s offerings was intended to strengthen the company’s comprehensive supply chain capabilities. However, the financial details of the Algorhythm Tech acquisition were also undisclosed.
Vinculum Solutions Pvt Ltd is a SaaS company catering to e-commerce and multi-channel retailers. Based in Noida, India, Vinculum claims to have collaborated with 400 brands across various sectors, including grocery, FMCG, healthcare, cosmetics, and fashion, in markets such as India, South East Asia, and the Middle East.
Venkat Nott, the founder and CEO of Vinculum Group, expressed his belief that this investment will facilitate technological integration between the two companies, create collaboration opportunities, and deliver added value to their customers.
Founded in June 2011, Delhivery is a fully-integrated logistics services company offering a wide range of services, including express parcel and heavy goods delivery, warehousing, supply chain solutions, and cross-border express freight services.
In recent months, Delhivery has seen significant changes in its ownership structure. Tiger Global, a venture capital firm, exited its eight-year-old investment in Delhivery by selling its remaining stake in the logistics firm. This move followed similar share sales by Carlyle and SoftBank, further reshaping the ownership landscape of the company.
Through its strategic investment in Vinculum, Delhivery aims to consolidate its position as a leading logistics solutions provider in the D2C space while leveraging Vinculum’s expertise in software-as-a-service solutions for e-commerce and multi-channel retailers.