Mahindra Logistics Limited (MLL), one of India’s largest Third-Party Logistics (3PL) solution providers, announced its acquisition of a majority stake in ZipZap Logistics Private Limited, a last-mile logistics service provider operating under its brand ‘Whizzard’.
The acquisition will complement MLL’s existing last-mile delivery business and eDeL, its Electric Vehicle- based delivery services. Expanding technology-based last-mile services is an integral part of MLL’s growth strategy. This transaction will help accelerate the addition of technology, geographical coverage and operational capabilities.
Hyderabad-based Whizzard operates an intra-city distribution network for digital commerce and last-mile delivery. Whizzard currently enables seamless handling of 60 million packages per year across diverse segments. Led by a strong founding team of Ankit Mandhania and Arun Rao, Whizzard has grown 10 times in the last three years and serves customers with its full-stack digital capabilities and micro-distribution centres catering to over 3000 pin codes.
Speaking on occasion, Rampraveen Swaminathan, MD & CEO, Mahindra Logistics Limited, said, “Last-mile delivery and fulfilment continues to see strong tailwinds with increased digital adoption, expanding delivery networks and the onset of quick commerce. This association will enhance and strengthen our existing presence for our customers in e-commerce and other segments. The Whizzard team has built deep capabilities and delivered strong growth to date. We look forward to building the association together and providing customers with integrated solutions.”
Ankit Mandhania and Arun Rao, co-founders of Whizzard, said, “Mahindra Logistics is one of India’s most respected logistics companies. We believe that being downstream of this respected brand with a large customer base is a significant strategic advantage for a last-mile delivery company like us. We are thrilled to join hands with Mahindra Logistics and look forward to rapidly scaling our business in the coming years.”
You can also share your thoughts in the Comments section below!