Logistics start-up Smart Express raises ₹100 crore
The Hindu
Smart Express Private Ltd., a logistics start-up, has announced to start operations with seed capital of ₹100 crore raised from IIFL India Private Equity Fund and Smiti Holding & Trading Compa
Smart Express Private Ltd., a logistics start-up, has announced to start operations with seed capital of ₹100 crore raised from IIFL India Private Equity Fund and Smiti Holding & Trading Company (Jalaj Dani family office). Promoter and founder Yogesh Dhingra, formerly with Blue Dart Express and other co-founders have also participated in this round, the firm said. The investment will come in in two tranches over the next 2 years linked to pre-defined business milestones to expand across cities and reach a certain scale, it added.
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