Mahindra Logistics acquires majority stake in ZipZap Logistics

Mahindra Logistics Ltd. (MLL), one of India’s largest Third-Party Logistics (3PL) solution providers, has announced its acquisition of a majority stake in ZipZap Logistics Private Limited, a last-mile logistics service provider operating under its brand ‘Whizzard’. The recent acquisition complements MLL’s existing last-mile delivery business and EDeL, its Electric Vehicle (EV) based delivery services.
Looking to expand technology-based last-mile services as an integral part of MLL’s growth strategy, this transaction will help accelerate the addition of technology, geographical coverage, and operational capabilities of MLL. Whizzard operates an intra-city distribution network for digital commerce and last-mile delivery. The Hyderabad-based company currently enables seamless handling of 60 million packages per year, across diverse segments.
In the last three years, Whizzard, which is led by a strong founding team of Ankit Madhania and Arun Rao, has grown 10X and has been serving customers with its full-stack digital capabilities and micro-distribution centers catering to 3000+ pin codes.
“Last-Mile Delivery & Fulfilment continues to see strong tailwinds with increased digital adoption, expanding delivery networks, and the onset of quick commerce. This association will enhance and strengthen our existing presence for our customers in e-commerce and other segments. The Whizzard team has built deep capabilities and delivered strong growth to date. We look forward to building the association together and providing customers integrated solutions”. sid, Rampraveen Swaminathan, MD & CEO, Mahindra Logistics Limited