Delhivery has received approval to acquire stake in Algorhythm Tech for Rs 14.90 crore. Upon completion of the acquisition, Algorhythm Tech will become wholly owned subsidiary of the Company. Algorhythm Tech’s supply chain software tools are relevant to Delhivery’s Supply Chain Services business - both as a value added service to Delhivery’s customers, and to drive cost optimization in service delivery. The Board of Directors of the Company in its meeting held on December 19, 2022 has approved the same.
Delhivery is an Indian logistics and e-commerce supply chain company.
