Spoton Logistics Pvt. Ltd.
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Spoton Logistics Pvt. Ltd. - overview
Established
2011
Location
Bangalore, -, India
Primary Industry
Logistics & Distribution
About
Founded in 2011 and based in Karnataka, India, Spoton Logistics Pvt. Ltd. (formerly the Indian road operations division of TNT Express) provides end-to-end integrated express logistics and supply chain solutions. Spoton Logistics serves customers in India.
In July 2018, a consortium led by Samara Capital and Xponentia Capital Partners acquired Spoton Logistics Pvt. Ltd. from India Equity Partners for INR 5. 25 billion.
As of 2021, the company's CEO is Abhik Mitra and it has more than 1600 employees and 13 major depots, and 35 transit hubs across India. In August 2021, the company was acquired by Delhivery Private Limited. In August 2021, Delhivery Private Limited acquired Spoton Logistics Pvt. Ltd.
from India Equity Partners, Samara Capital, and Xponentia Capital Partners for USD 235 million. Spoton Logistics operates a network of depots and transit hubs through which it provides movement services for a variety of goods to an array of sectors such as, viz. , hi-tech, automotive, engineering, pharmaceuticals, electronics, and electricals, and lifestyle and retail. In June 2021, the company added supply chain solutions such as service parts logistics to its service portfolio.
Spoton’s suite of logistics services includes shipping, light trucking, road, air express, freight goods, Spot Retail, and transport solutions for education materials (Eduxpress) as well as providing tracking shipment services. Spoton Logistics also operates SPOTXHIBIT, a specialized transportation service for moving exhibit material across locations. As of 2018, the company generates annual revenue of INR 6 billion with earnings before interest, tax, depreciation, and amortization (Ebitda) margin of about 8%. In 2021, the company announced its plans to expand its team size from 1800 to about 2500 within 2022.
Current Investors
FedEx Corporate Services, Inc., Delhivery Limited
Primary Industry
Logistics & Distribution
Sub Industries
Freight Transportation Services, Trucking, Logistics Software
Website
https://www.spoton.co.in/contactus-contactdetails.aspx
Verticals
Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Spoton Logistics Pvt. Ltd. - timeline of key events
Spoton Logistics Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,090,858,000 | 2,640,897,858 | 3,011,904,245 | 3,047,204,008 | 3,706,649,557 | 4,684,036,820 | 6,003,845,519 | 7,001,541,040 | 7,992,986,844 | - | - | - |
| % Revenue Growth (YoY) | - | 26.3% | 14.0% | 1.2% | 21.6% | 26.4% | 28.2% | 16.6% | 14.2% | - | - | - |
| EBITDA (USD) | (156,173,000) | (84,785,868) | (67,003,838) | 141,382,509 | 270,086,932 | 392,529,323 | 120,700,218 | 407,767,315 | 393,984,900 | - | - | - |
| Operating Income (USD) | (184,512,040) | (116,599,969) | (109,140,737) | 104,353,975 | 227,259,417 | 339,523,463 | 46,812,249 | 65,472,201 | (4,221,099) | - | - | - |
| Operating Margin | (8.8%) | (4.4%) | (3.6%) | 3.4% | 6.1% | 7.2% | 0.8% | 0.9% | (0.1%) | - | - | - |
| % EBITDA Margin | (7.5%) | (3.2%) | (2.2%) | 4.6% | 7.3% | 8.4% | 2.0% | 5.8% | 4.9% | - | - | - |
| NET Income (USD) | (184,513,000) | (130,261,566) | (135,196,539) | 81,801,800 | 207,177,113 | 270,454,736 | (13,046,210) | (111,574,708) | (258,946,500) | - | - | - |
| % Net Margin | (8.8%) | (4.9%) | (4.5%) | 2.7% | 5.6% | 5.8% | (0.2%) | (1.6%) | (3.2%) | - | - | - |
Spoton Logistics Pvt. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Spoton Logistics Pvt. Ltd. | - | ||||||||
| Secondary Buyout | Completed | Spoton Logistics Pvt. Ltd. | - | ||||||||
| Buyout | Completed | Spoton Logistics Pvt. Ltd. | - |
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Spoton Logistics Pvt. Ltd. - employee data
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