LogiNext Acquires YourGuy, Aims to Expand its Tech-driven Delivery Vertical Named “Sprintr"
After carrying 4000 deliveries per day, YourGuy has already worked for clients from multiple segments including Pharmaceuticals, Documents, Food, Retail, Laundry and Grocery. As an acclaimed B2B delivery portal, working with clients like Wellness Forever, Doormint, Healthsaverz, Suburban Diagnostics, Spicebox and Tiffin Services, YourGuy perfectly fits the vision and expansion plans for LogiNext.
The leading software company in the organized logistics domain, LogiNext has acquired YourGuy, a cross-category last mile delivery startup based out of Mumbai. YourGuy, valued at $1.5 million, will be completely acquired by LogiNext for Sprintr, with the founders and the team coming onboard.
Sprintr is the last mile delivery platform envisioned and launched by LogiNext in December 2015. Any individual can sign up and become a delivery boy on their mobile app. Sprintr also aggregates delivery capacity by providing its technology to many delivery companies across India. On the other end, their clients push orders and delivery requests via this software and get the feel of a pan India delivery network. It creates a win-win situation for everyone as Sprintr clients get a large tech-enabled delivery network and their delivery partners get the technology along with more business from the same platform at almost zero expense.
YourGuy, founded in 2014 is now going to be part of LogiNext’s vision of revolutionizing the last mile delivery. After carrying 4000 deliveries per day, YourGuy has already worked for clients from multiple segments including Pharmaceuticals, Documents, Food, Retail, Laundry and Grocery. As an acclaimed B2B delivery portal, working with clients like Wellness Forever, Doormint, Healthsaverz, Suburban Diagnostics, Spicebox and Tiffin Services, YourGuy perfectly fits the vision and expansion plans for LogiNext.
Further commenting on the announcement, Dhruvil Sanghvi, CEO and Co-Founder, LogiNext Solutions said, “YourGuy has already acquired a good number of matured and loyal customers and is a renowned name in the field of B2B deliveries. Since our new delivery vertical, Sprintr, is also clocking around the same number of deliveries, our delivery volumes and network reach will increase by 100% with this acquisition. On top, we will also be selling our technology to YourGuy customers.”
Excited about the acquisition coming through, Alay Jhaveri, Founder, YourGuy, said, “LogiNext is one of the most sincere and earnest addition in the organized logistics and big-data analytics. I am glad that the consolidation came through, following which we are looking at polishing the platform, merging in innovative technology and offering further reformed services to our clients.”
LogiNext has already transformed the delivery and logistics industry by amalgamating Internet of Things and technology in the field of logistics and big data analytics. Following the acquisition, the company’s first major task would be to upgrade the fixed expense model of YourGuy to an automated model, allowing users to sign up and start delivering automatically.
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