Logistics firm Delhivery raises $413 million in funding round led by SoftBank Vision Fund
5 years, 9 months ago

Logistics firm Delhivery raises $413 million in funding round led by SoftBank Vision Fund

Firstpost  

Carlyle and Fosun, both existing investors in Delhivery, have also participated in this round of financing, the company said in a statement. New Delhi: Logistics company Delhivery Sunday said it has raised more than $400 million in a financing round led by the SoftBank Vision Fund. “With these funds, Delhivery plans to rapidly scale up its reach from 15,000 to 20,000 pin codes by the first quarter of the financial year 2019-20, aggressively grow e-commerce market share investment, and expand its end-to-end supply chain platform to enterprise customers and SMEs,” the company added. “We will be scaling up our newer warehousing and freight services through large investments in infrastructure and technology and global partnerships in addition to improving the reach, reliability and efficiency of our transportation operations and sharing these benefits with our customers and partners,” Delhivery Chief Executive Officer Sahil Barua said. SoftBank Investment Advisers Partner Munish Varma said Delhivery has demonstrated industry-leading growth and emerged as the one-stop solution for e-commerce logistics.

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Fintech startup funding up by 48% in Q1 2024; raising $429 million between January-March 15: Report
9 months, 1 week ago

Fintech startup funding up by 48% in Q1 2024; raising $429 million between January-March 15: Report

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News 18  

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‘SoftBank could invest over $4 billion in India’
3 years, 7 months ago

‘SoftBank could invest over $4 billion in India’

Hindustan Times  

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Logistics and supply chain startup Delhivery raises $25 million from Steadview Capital ahead of planned IPO
4 years ago

Logistics and supply chain startup Delhivery raises $25 million from Steadview Capital ahead of planned IPO

Firstpost  

At present, Delhivery has a nationwide network that touches over 17,500 pin codes and 2,300 cities. Hong Kong-based hedge fund Steadview Capital has bought $25 million worth of secondary shares in Delhivery from an early investor, ahead of the logistics and supply chain provider’s plans to launch an initial public offering in the next 12 to 15 months. In a …

Committed to India in the long term, says SoftBank’s India head Sumer Juneja
5 years, 1 month ago

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Firstpost  

Masayoshi Son, CEO and Founder of SoftBank, during his India visit, said that he wants to bet on the future. We have an optimistic outlook, a fundamental belief in the country’s potential and remain committed to India in the long term,” Sumer Juneja, Partner and Head of India, SoftBank Investment Advisers, told Tech2. “SoftBank’s other investments in India might come …

SoftBank Vision Fund to acquire additional stake in Delhivery
5 years, 3 months ago

SoftBank Vision Fund to acquire additional stake in Delhivery

Live Mint  

SoftBank Vision Fund, the world’s largest technology investor, is set to buy an additional stake from existing shareholders of logistics startup Delhivery Pvt. If and when the CCI approves this transaction, it would result in an increase in SoftBank’s shareholding, from the current holding of 22.44% to a proposed 25.72%,” Paper.vc said in a note. Following that transaction, SoftBank became …

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