M&A

M&A

Sitics Logistic Solutions acquires cold chain startup Udgam

Outlook  

Palakkad (Kerala)-based third-party logistics firm Sitics Logistic Solutions has acquired Delhi-based cold chain and distribution startup Udgam Logistics. Founded by Shailendra Singh and Rahul Mathur, Udgam caters to segments such as quick service restaurant (QSR), pharmaceuticals, agriculture, dairy, fruits and vegetables, retail and marine products. It currently offers primary and last-mile solutions. This is the second buyout for the technology-enabled supply chain company Sitics in the recent past. In early-May this year, it acquired Quifers, an innovative logistics tech start-up.