Mahindra Logistics Buys Into Technology Startup ShipX
Mahindra Logistics Limited (MLL), one of India’s largest Third-party logistics (3PL) solution providers, announced the acquisition of a strategic stake in Transtech Logistics, also known as ShipX.
ShipX is a SAAS (Software as a Service) based Transport Management Solution (TMS) platform that serves the supply chain automation needs for 3PLs, shippers and transporters.
Shipx is founded by a mature and experienced team who were part of a Boston-based supply chain fulfillment company that had been incubated by Infosys. ShipX has been working with MLL for over 3 years and has been enabling transportation solutions. This acquisition will help MLL to increase end-to-end digitization and bring in operational efficiencies.