A leading logistics and supply chain services provider in India, has partnered with 3Bs, a Singapore-based logistics firm backed by Fidelity International, to acquire Singularity, a software-as-a-service (SaaS) startup. The acquisition is aimed at strengthening india delhivery fidelity 3bsinghtechcrunch
and 3Bs’ technological capabilities and expanding their services globally.
Singularity’s expertise lies in developing cloud-based software solutions for the logistics industry, with a focus on streamlining operations and increasing efficiency. The startup’s products include a transportation management system, warehouse management system, and order management system.
The acquisition is expected to be a game-changer for India delhivery fidelity 3bsinghtechcrunch and 3Bs, as it will enable them to offer a comprehensive suite of logistics solutions to their customers. Singularity’s technology will allow Delhivery and 3Bs to optimize their supply chain management, improve delivery times, and enhance customer experience.
India delhivery fidelity 3bsinghtechcrunchCEO and Co-founder Sahil Barua said, “We are delighted to partner with 3Bs to acquire Singularity. This acquisition will help us enhance our technology capabilities and provide our customers with a best-in-class logistics experience.”
3Bs’ CEO and Co-founder Anand Balakrishnan added, “Our partnership with India delhivery fidelity 3bsinghtechcrunch and acquisition of Singularity will allow us to further strengthen our position as a leading logistics provider in the region. We are excited about the opportunities this acquisition will bring.”
Expanding globally and beyond
The acquisition of Singularity is part of ndia delhivery fidelity 3bsinghtechcrunch and 3Bs’ broader strategy to expand their services globally. Delhivery, which is valued at over $3 billion, is one of the largest logistics companies in India and has a presence in over 2,300 cities and towns. The company recently raised $277 million in funding from investors, including Fidelity Management and Research Company, to fuel its expansion plans.
3Bs, on the other hand, provides logistics services across Southeast Asia and has a strong presence in countries such as Singapore, Malaysia, and Thailand. The company is backed by Fidelity International, one of the world’s largest asset managers with over $4.9 trillion in assets under management.
By acquiring Singularity, India delhivery fidelity 3bsinghtechcrunch and 3Bs will be able to leverage the startup’s technology to expand their services beyond India and Southeast Asia. Singularity’s software solutions are highly scalable and can be customized to suit the needs of logistics providers in different regions.
Singularity’s Co-founder and CEO Sivakumar Narayanaswamy said, “We are thrilled to be joining forces with India delhivery fidelity 3bsinghtechcrunch and 3Bs. Our technology will enable them to offer a comprehensive suite of logistics solutions to customers globally. This acquisition is a testament to the quality of our products and the hard work put in by our team.”
The acquisition of Singularity by India delhivery fidelity 3bsinghtechcrunch and 3Bs is a significant development for the logistics industry in India and Southeast Asia. The partnership will allow the two companies to leverage Singularity’s expertise in SaaS and expand their services globally. The acquisition is a testament to the growing importance of technology in the logistics industry and the need for logistics providers to adapt to changing customer needs.