Falcon Autotech is a company, founded in the year 2004, that claims to have developed several automation solutions for warehousing, logistics, courier industry, e-commerce, etc.

Market bound logistics company Delhivery has made a confidential investment in UP-based logistics automation service provider start-up, Falcon Auto-tech, the company announced on Wednesday.
According to a statement by the company, it aims to work closely with its partner in order to sustain this investment. The objective is to design and implement future-ready automation solutions for its operation in warehousing as well as in transportation. Delhivery is currently operating over 20 automated sortation centres, 83 fulfilment centres and 124 gateways across India by June 2021.

Falcon Autotech is a company, founded in the year 2004, that claims to have developed several automation solutions for warehousing, logistics, courier industry, e-commerce, etc.
all these solutions include different systems like measurement of the volume/dimension and weight for the calculation of the cargo package, tracking solutions for inventory on the basis of bar codes and mail sorting. There are approximately 400 workers operating in 35 countries, according to the company’s profile. Naman Jain is heading the company as a CEO.

Gurugram-based start-up, said that this investment is in order to reach the aim Delhivery has, of sustainable investment for the future of the hardware solutions and operations in the logistics industry.

Falcon Autotech

There are approximately 400 workers operating in 35 countries, according to the company’s profile. Naman Jain is heading the company as a CEO.

The COO of Delhivery, Ajith Pai has commented on the development of the company and said that the collaboration with Falcon Autotech will help to strengthen Delhivery to move ahead with better speed and efficiency across their business sector. This investment comes almost after five months, when Delhivery gained another logistics start-up company, Spoton Logistics in order to reinforce its business-to-business potential.
Delhivery, founded in the year 2011, offers several logistics services like FTL and LTL freight, cross border, end-to-end supply chain services, technology services, B2B and B2C warehousing facilities and parcel transportation.
The logistics unicorn has gained great investments in the previous year. Last year in September, it acquired $125 million from Lee Fixel’s Addition in its pre-IPO round, and in the month of June, last year the company picked up $100 million from FedEx, which is a giant in the industry of global logistics. According to the deal, FedEx Express will also have a long-term business deal with Delhivery.

On the other hand, to expand its value in the international as well as the national market, Delhivery has taken some initiatives and has filed its prospectus with the regulator of the market SEBI, to get INR 7,460 crore from the universal market. Although the offer made by Delhivery is yet to be approved by SEBI, the prospectus includes a combination of new issues of the shares which have the value up to INR 5,000 Crore and an offer for the sale of 1up to an amount of INR 2,460 crore. Noting the initiatives and efforts the company is making, it is clear that these offers can change as Delhivery is now heading towards the listing.

Delhivery

Noting the initiatives and efforts the company is making, it is clear that these offers can change as Delhivery is now heading towards the listing.

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