Software company LogiNext has acquired 100% stake in Mumbai-based supply firm YourGuy, valued at $1.5 million, to double its business.
“YourGuy has already acquired an honest variety of matured and constant customers. Since our new delivery vertical, Sprintr, is already doing good number of deliveries, our delivery volumes and network reach can increase by 100% with this acquisition,” LogiNext Solutions chief operating officer and Co-Founder Dhruvil Sanghvi said.
The company did not discuss more details
YourGuy will start working underneath LogiNext’s delivery platform Sprintr, that started in Dec 2015.
Any individual can register and become a delivery man on their mobile app for Sprintr.