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.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.03 |
| TVS Supply Chain Sol | 114.30 |
| Container Corp | 500.20 |
| Delhivery | 447.80 |
| Mahindra Logistics | 416.50 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: