Rider to Acquire BlueEx’s Domestic E-Commerce Last Mile Business

KARACHI: INVESTORSLOUNGE.COM; Rider’s acquisition of the domestic ecommerce last mile business of BlueEx increases outreach for both Companies Combined, where Rider would expand its ecommerce outreach and BlueEx would be able to deploy its complete 360 degree logistics solutions to a wider customer base with a larger outreach.

Speaking at the occasion, Salman Allana, CEO & founder of Rider stated that about this acquisition "BlueEx is particularly attractive to Rider given their strong and long-lasting merchant relationships and widespread delivery network. We look forward to learning from industry veterans as we integrate branches and staff. We are committed to seamlessly serving our new base of 3,000+ merchants. This acquisition signals a positive development for the entire market."

Speaking at the occasion, Danish Elahi, Director of BlueEx stated that this pivot of BlueEx will be able significantly increase its outreach for its customers and the core team would be able to focus more on its partnership with Aramex and Fly Jinnah shall allow BlueEx to create increase in profitability and Shareholders Value. BlueEx is currently engaged with several high-profile and prominent global customers in its different array of services and has a strong pipeline of opportunities in place on which BlueEx aims to capitalize in the next few years.

Universal Network Systems Limited (“BlueEx”), BlueEx was established in 2005 as a domestic cargo consolidator. BlueEx is the sole franchisee of Aramex, one of the leading courier and logistic companies listed on the Dubai Financial Markets, for all business from/to Pakistan on the Aramex global network and BlueEx has also done Cargo General sales agency ("GSA”) agreement with Fly Jinnah, Pakistan’s new low-cost carrier (LCC), regarding contract of domestic air cargo space. Being the only IATA-certified courier company in Pakistan, BlueEx has a most extensive capacity and network across Pakistan. It’s recent acquisition of Universal Freight Systems (“UFS”) a market leader in freight services & solutions is now able to offer a full spectrum of logistics solutions. 

TPL Logistics (Private) Limited (“Rider”) is a fast-growing, market-leading e-commerce logistics startup in Pakistan. Rider helps online businesses deliver their products to their end-customers. Launched in 2019, Rider is now working with over 1000 shippers (including some of the top online sellers in Pakistan) in all the major locations in Pakistan. Investment in Rider is backed by international ventures like Y combinator, GFC, Fatima Gobi, i2i ventures, Flexport, TPL e Ventures and more.