 "Delhivery")
Logistics firm Delhivery said on Tuesday it is acquiring Algorhythm Tech, which provides supply chain solutions, for Rs 14.9 crore.
Delhivery said the transaction will be completed by January 31 next year. Pune-based Algorhythm Tech, which had a turnover of Rs 3.6 crore in FY22, will operate as a wholly owned subsidiary of Delhivery.
Algorhythm, which was founded by Abhaya Borwankar, Ajit Singh and Sandeep Pendurkar in 2003, offers end-to-end supply chain planning and execution products to clients in FMCG, pharmaceutical, steel, auto and telecom through its proprietary Rhythm 3.0 platform.
“Given that technology has and continues to be our
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