Quick Facts: Rider looking to acquire BlueEx’s logistics arm

🔍️ Who they are - Rider is a YCombinator backed startup from Pakistan that offers ease of use, quick, transparent and flexible deliveries to its users. BlueEx, on the other hand, is a one stop company from Qatar that offers logistics services for ecommerce companies. It’s the first logistics company in Pakistan’s Stock Exchange.

📝 Deal details - Some of the reported facts are:

• 96% of BlueEx revenue is from courier services

• The acquisition could make Rider the 3rd largest player in its market