Sellwin Traders Eyes Up to 35 Percent Stake in Myzek Logistics Through Dropon Last-Mile Network

Sellwin Traders Limited has signed a Memorandum of Understanding with Myzek Logistics Pvt Ltd, which runs the app-based green last‑mile delivery brand "Dropon". Under the proposed arrangement, Sellwin Traders plans to take a significant strategic equity position in Myzek Logistics, giving listed investors indirect exposure to Dropon’s growing logistics network serving BTB and BTC clients, including large e-commerce platforms.

The MOU sets out plans for Sellwin Traders to buy an initial stake of up to 20% in Myzek Logistics, with scope to raise this shareholding to 35% over time. The potential deal may use a share-swap structure at Rs. 15 per Sellwin share, compared with the company’s BSE price of Rs. 9.37 on Monday, January 19.

The understanding between the two companies remains non-binding at this stage and depends on several clearances. These include satisfactory due diligence, agreement on valuation, and approvals from regulators and shareholders, followed by the signing of detailed transaction documents. The framework is designed to guide discussions while allowing both sides to refine terms before execution of final contracts.

Myzek Logistics currently provides app-led last‑mile logistics for both manufacturers and consumer-focused e-commerce players under the Dropon brand. Key clients include JioMart, Zomato and Blinkit. The company has built operations in major Gujarat locations such as Ahmedabad, Gandhinagar and Surat. The platform reports more than 68,000 registered customers and has completed over 5.03 lakh deliveries to date.

"In addition to equity participation, the MOU also contemplates funding support of up to Rs. 5 crore by Sellwin Traders, which may be structured as a convertible instrument to support Myzek's fleet expansion, technology upgrades and geographic scale-up," said Sellwin Traders in a stock exchange filing.

Management projections for Myzek Logistics indicate anticipated sales of around Rs. 15.50 crore for FY26 as Dropon expands. Growth plans include entry into Tier‑2 cities, wider use of technology-led delivery models and further adoption of sustainable transport solutions. These initiatives aim to deepen the company’s presence in both business and consumer logistics segments across western India and beyond.

For investors tracking key numbers in the understanding, the main proposed parameters are:

Aspect	Detail
Initial equity stake	Up to 20% in Myzek Logistics
Potential future stake	Up to 35% in Myzek Logistics
Indicative share-swap price	Rs. 15 per Sellwin Traders share
Funding support	Up to Rs. 5 crore, possible convertible structure
Projected FY26 sales	About Rs. 15.50 crore for Myzek Logistics

Sellwin Traders Myzek Logistics Dropon sector strategy and related investments

Sellwin Traders has stated that the proposed alliance fits its approach of investing in scalable, future-oriented businesses. The company sees Dropon’s technology-driven logistics model as a route into India’s expanding transportation and delivery sector. The partnership is expected to offer Myzek Logistics long-term capital support, strategic guidance and added credibility as the business moves into a fresh phase of expansion.

Separately, Sellwin Traders Ltd recently advanced another logistics-related initiative with Patel Container India Private Limited. The parties have started the formal Strategic Association and Share Swap Agreement for Sellwin’s planned 36% investment in PCIPL’s container manufacturing project near Bhavnagar, Gujarat. This follows an earlier MOU signed in 2024 to explore collaboration on establishing PCIPL’s container manufacturing plant.

Founded in 1980, Sellwin Traders Ltd is a diversified, publicly listed Indian company with operations spanning real estate activities, property investment, trading in shares and commodities, and financial advisory services. Its equity shares trade on the BSE, giving market participants a listed channel to participate in these new logistics-focused partnerships involving both Dropon’s last‑mile business and PCIPL’s container manufacturing project.