Indian e-commerce logistics company Delhivery acquires Bengaluru-based Spoton Logistics, sources say for $300M in cash, ahead of a planned IPO (The Economic Times)

The Economic Times:
Indian e-commerce logistics company Delhivery acquires Bengaluru-based Spoton Logistics, sources say for $300M in cash, ahead of a planned IPO  —  Though financial details weren't disclosed, people familiar with the Delhivery-Spoton deal say it is an all-cash deal worth $300 million.