The untold, complete story of GoJavas and Pigeon - Part II

Who is Anand Rai? Why and how did he buy a majority stake in GoJavas? And whatever happened to the company after he did

Anand Rai, who acquired a 50% stake in GoJavas, is the owner and managing director of a company called Pigeon Express Private Limited

Nobody in the trade circles or the officials at GoJavas to whom The Ken spoke to could satisfactorily answer how Rai ended up becoming the majority shareholder in GoJavas

Rai claims that he acquired a majority stake in GoJavas because he was a vendor and also because Praveen Sinha, one of the founders of the company, asked him to

Rai claims that he acquired the 50% stake in GoJavas, at a valuation, which he considers is “scrap value”

If you’re landing here, fresh to this story, we recommend you read Part I first.

Now, let’s get on to Part II.

The buyer

The logistics business in India is a highly fragmented industry. There are local, national and international players. There are courier companies, express delivery cargo companies, next-day delivery parcel companies, third-party logistics providers, warehouse providers, road transporters, individual truckers, air cargo freight companies, shipping companies and some large companies, which do all of the above. Like the Transport Corporation of India (TCI).

Now, in the courier business, there are players who only do intra-city deliveries, and then there are players who do multiple city deliveries plus pan India deliveries.

AUTHOR

Ashish K. Mishra

Ashish edits and writes stories at The Ken. Across subjects. In his last assignment, he was a Deputy Editor at Mint, a financial daily published by HT Media. At the paper, he wrote long, deeply reported feature stories. His earlier assignments: Forbes India magazine and The Economic Times. Born in Kolkata. Studied in New Delhi – B.Com from Shri Ram College of Commerce, Delhi University. Works out of anywhere, where there is a good story to be told.

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