• Photo: Onmove


Artikel Nummer: 43077

Onmove acquires Transin Logistics

Indian trucking aggregator Onmove has acquired all the shares of Transin Logistics, a Hyderabad-based trucking aggregation platform.


"Powered by a network of 34,000+ trucks catering to the exim and bulk cargo segments, Transin serves blue-chip clients such as Aditya Birla, Ambuja Cement, ITC, Adani and Nuvoco," Onmove said in a press release.


In order to finance this step, Onmove has raised a pre series A-round of equity funding, led by existing investor Oliphans Capital with participation from several angel investors including Haresh Chawla.


Praveen Jain, co-founder, Onmove: "Transin is a natural extension of our business as it helps us expand our bouquet of services, boost our network reach and further bolster our tech capabilities." It is Onmove's first acquisition. (sh)




Mehr zum Thema