The software company LogiNext 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 founder and the team coming on-board.
Speaking on the acquisition, Dhruvil Sanghvi, CEO & 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 per cent with this acquisition. On top, we will also be selling our technology to YourGuy customers.”
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.
“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,” expressed Alay Jhaveri, Founder, YourGuy.
YourGuy, founded in 2014 is now going to be part of LogiNext’s vision of revolutionizing the last mile delivery. It 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 Godrej Nature’s Basket, iChef, Wellness Forever, Suburban Diagnostics and several Tiffin Services.
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.
