Integrated logistics player, Delhivery, announced the acquisition of Pune-based Algorhythm Tech Private Limited (Algorhythm Tech), an innovative Supply Chain Products and Solutions company.
Upon completion of the acquisition, Algorhythm Tech will become wholly owned subsidiary of the Company, a statement said.
According to the company’s exchange filing, “we hereby inform you that the Board of Directors of the Company in its meeting held on Monday, December 19, 2022 has approved the acquisition of Algorhythm Tech Private Limited (“Algorhythm Tech”).”
Algorhythm Tech is an innovative Supply Chain Products and Solutions company based out of Pune, India. The company offers comprehensive, end-to-end Supply Chain Planning & Execution Solutions for Industry Sectors like FMCG, Pharma, Steel, Auto, Telecom etc. through their proprietary, AIenabled and cloud-ready rhythm 2.0 platform. The platform consists of a dozen products designed to deal with various problems in manufacturing, supply chain, and sales & distribution processes.
“Algorhythm Tech’s supply chain software tools are relevant to Delhivery’s Supply Chain Services business – both as a value added service to Delhivery’s customers, and to drive cost optimization in service delivery,” according to the statement.
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