NIPPON EXPRESS HOLDINGS Takes Minority Stake in Wiz Freight, India's Leading Digital Forwarding Service Provider
TOKYO, Jan. 19, 2024 /PRNewswire/ -- NIPPON EXPRESS HOLDINGS, INC. acquired a minority equity stake in Wiz Freight (hereinafter "Wiz"), a leading digital forwarding service provider in India, on January 12 as its third investment made via the NX Global Innovation Fund, a corporate venture capital (CVC) fund established in January 2023.
- TOKYO, Jan. 19, 2024 /PRNewswire/ -- NIPPON EXPRESS HOLDINGS, INC. acquired a minority equity stake in Wiz Freight (hereinafter "Wiz"), a leading digital forwarding service provider in India, on January 12 as its third investment made via the NX Global Innovation Fund, a corporate venture capital (CVC) fund established in January 2023.
- Wiz, founded in India in 2020, addresses rapidly growing needs for digital cross-border supply chain services in emerging countries.
- Using cutting-edge technology, the company provides digital forwarding services for the global supply chain sector.
- By investing in Wiz, a company strong in digital forwarding services in India and other emerging markets, the NX Group will bolster its own global forwarding business and accelerate its DX initiatives.