IndiGo’s billionaire founder partners UPS for logistics venture

The biggest shareholder of India’s largest airline, IndiGo, teamed up with United Parcel Service to tap the South Asian nation’s growing logistics market. Rahul Bhatia-owned InterGlobe Enterprises Ltd., which owns 37.82% of IndiGo, has formed a joint venture with UPS for a brand called Movin, J.B. Singh, a director at the Indian partner, said Thursday. Movin will launch operations in a phased manner and begin services in Delhi, Mumbai and Bengaluru in July, Singh said. It will focus on domestic business-to-business logistics services with express, and day-and-time definite deliveries, giving businesses better predictability and competitiveness, UPS President for India Ufku Akaltan said at the same event. IndiGo CEO Ronojoy Dutta clarified on an earnings call Wednesday that the cargo arrangement between InterGlobe and Atlanta-based UPS is a standalone operation and has nothing to do with the airline. UPS will likely focus on small shipments and surface transport, while IndiGo is into consolidated deliveries, he said.<br/>