Multiples PE buys minority stake for $35 mn in logistics firm INSTANT-XP

Quick Summary:

Some of its investment partnerships include ACKO, Delhivery, and Dream Sports, among others.

The logistics provider generated revenues of over Rs 700 crore, added the source.

According to a source, Multiples has purchased an over 30 per cent stake in INSTANT-XP.

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Article Details

Category: BusinessFinance

Markets: India

Topics: B2B logistics INSTANT-XP logistics firm funding Multiples Alternate Asset Management INSTANT-XP Express logistics India Tech-enabled logistics India logistics market Multiples PE investment in INSTANT-XP Private equity investment Logistics sector growth Multiples investments Jasveer Singh Supply chain solutions Logistics technology Rajbir Singh FCL services LCL services

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 18:20:23 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24549173

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