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Algorhythm Tech -A Supply Chain firm will be Acquired by Delhivery.

India’s fastest-growing logistics service provider Delhivery is going to acquire Algorhythm Tech which provides technology-based supply chain solutions. As per Delhivery, this deal is worth Rs.14.9 Cr and the expected date of completion is before 31st January 2023.

Algorithm Tech offers end-to-end supply chain and execution products to different industries like FMCG, pharmaceuticals, auto, and steel. It was founded in 2003 by Ajay Singh, Abhay Brownkar, and Sandeep Pendurkar . This Pune-based Tech firm has a revenue of 3.6 Cr in FY 2022.

The Director of this Tech company has revealed after this deal they can gear up for better product development and make the supply chain more smooth with the largest logistics firm in India.

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