HCKK Ventures Limited, a multi-faceted software and services provider, has officially announced merger of Softlink Global Private Limited, a global leader in logistics technology solutions with HCKK subject to market regulators approval.
This strategic move, with HCKK Ventures acquiring Softlink at an approximate valuation of Rs 430 crore, marks a significant step forward in the technology and logistics sectors, aimed at maximizing the potential of both businesses and enhancing value for shareholders, customers, and employees, according to the statement.
The acquisition of Softlink Global by HCKK Ventures is a pivotal move in the industry. Softlink, renowned for its consistent year-on-year growth exceeding 30%, brings a wealth of expertise and a strong market presence to the table. This acquisition is not just a testament to Softlink’s success but also a strategic move by HCKK Ventures to diversify and strengthen its portfolio in the technology sector, according to the statement.
Apurv Bhargava, Managing Director of HCKK Ventures, emphasizes the strategic importance of this acquisition. “Acquiring Softlink Global at an approximate valuation of 430 crore is a significant milestone for HCKK Ventures. Given Softlink’s edge in logistics technology, its global presence, annuity revenue model, high EBITDA, and consistent growth trajectory, we are confident this acquisition will bring immense value to HCKK shareholders. Softlink’s potential for future growth aligns perfectly with our vision for expansion and value creation.”
Similarly, post-merger, Softlink Global, with its software used in over 45 countries by 4500 customers and over 1 million users, is set to benefit from enhanced capital access. This will enable the company to accelerate its innovation in software solutions, further solidifying its position as a leader in global logistics technology, as per the statement.
Amit Maheshwari, Founder & CEO of Softlink Global, shares his perspective on this new chapter. “Joining forces with HCKK Ventures is a game-changer. It will amplify our capabilities and help us reach new heights in technological innovation and market expansion, reinforcing our commitment to our customers and the industry at large.”
