Mahindra Logistics acquires 60% stake in ZipZap for Rs 72 cr

08 Mar 2022 CW Team

Third-party logistic solutions provider, Mahindra Logistics Limited (MLL) announced its acquisition of a majority stake in the last-mile logistics service provider - ZipZap Logistics which operates under the brand Whizzard.

Mahindra Logistics will acquire 60% in the firm for Rs 71.73 crore via primary as well as secondary purchases within two phases. It will further buy the remainder of its stake later on and turn it into a fully-owned subsidiary. The acquisition will be completed by MLL before November 30, 2023.

MD and CEO Mahindra Logistics Rampraveen Swaminathan said the acquisition will help Mahindra in making deeper inroads towards smaller towns and cities in which Whizzard is having a strong presence. It will help them get into multiple formats for a last-mile delivery such as quick commerce coming up in a big way.

From the company’s growth perspective the last mile is very important. From the perspective of the industry, last-mile accounts for 15% of them but contributes 40% of the cost for the companies.

Along with the changing customer requirements and increasing demand for quick delivery the last mile delivery is growing at a very rapid pace. Much of the rapid growth came from e-commerce. Various new formats of the last mile delivery solutions are changing. The company is acquiring 60% via primary as well as secondary purchases. It is considered to be purchased for a consideration of Rs 71.73 crore in two stages.

Image Source

Also read: Mahindra Logistics leased 1.4 mn sq ft warehouses at LOGOS'

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..