<p>Fully-integrated logistics service provider Delhivery on Tuesday said it is acquiring Pune-based Algorhythm Tech for an undisclosed sum.</p>.<p>Algorhythm Tech delivers planning and optimisation solutions for enterprise supply chain operations.</p>.<p>The company said the transaction is expected to be completed by January 31 and post the acquisition, Algorhythm Tech will operate as a wholly-owned subsidiary of Delhivery Ltd.</p>.<p>"Algorhythm Tech's supply chain management (SCM) software products will enhance our supply chain solutions offering with value-added services and also drive cost optimisation in service delivery," said Sandeep Kumar Barasia, Executive Director and Chief Business Officer, Delhivery.</p>.<p>Founded in 2003 by Abhaya Borwankar, Ajit Singh, and Sandeep Pendurkar, Algorhythm offers end-to-end supply chain planning and execution products to clients across FMCG, pharma, steel, auto and telecom sectors, through its proprietary aceRhythm 3.0" platform.</p>.<p>"Delhivery has made great strides to emerge as the largest logistics provider in India in a decade and we can think of no better team or company to work with to accelerate our joint vision for the future," said Ajit Singh, Co-founder, Algorhythm Tech.</p>.<p>Delhivery has fulfilled over 1.7 billion shipments since inception and works with over 28,000 customers.</p>.<p>The logistics services provider's network is now live on the government's Open Network for Digital Commerce (ONDC) platform.</p>
<p>Fully-integrated logistics service provider Delhivery on Tuesday said it is acquiring Pune-based Algorhythm Tech for an undisclosed sum.</p>.<p>Algorhythm Tech delivers planning and optimisation solutions for enterprise supply chain operations.</p>.<p>The company said the transaction is expected to be completed by January 31 and post the acquisition, Algorhythm Tech will operate as a wholly-owned subsidiary of Delhivery Ltd.</p>.<p>"Algorhythm Tech's supply chain management (SCM) software products will enhance our supply chain solutions offering with value-added services and also drive cost optimisation in service delivery," said Sandeep Kumar Barasia, Executive Director and Chief Business Officer, Delhivery.</p>.<p>Founded in 2003 by Abhaya Borwankar, Ajit Singh, and Sandeep Pendurkar, Algorhythm offers end-to-end supply chain planning and execution products to clients across FMCG, pharma, steel, auto and telecom sectors, through its proprietary aceRhythm 3.0" platform.</p>.<p>"Delhivery has made great strides to emerge as the largest logistics provider in India in a decade and we can think of no better team or company to work with to accelerate our joint vision for the future," said Ajit Singh, Co-founder, Algorhythm Tech.</p>.<p>Delhivery has fulfilled over 1.7 billion shipments since inception and works with over 28,000 customers.</p>.<p>The logistics services provider's network is now live on the government's Open Network for Digital Commerce (ONDC) platform.</p>