This round is suspected to be the last before the company launches its IPO which is planned for later this year. The latest funding will take the startup’s valuation to $3 Billion.
The round also saw participation from other big players like Chimera based out of Abu Dhabi, Singapore’s GICand, and the UK’s Baillie Gifford.
Delhivery also has Times Internet, Tiger Global Management, SoftBank Vision Fund, The Carlyle Group, and Steadview Capital among its investors. With the help of its investors, the startup has raised around $1.23 billion so far.
Delhivery started operations as a food delivery system but later shifted to logistics full-time, with a footprint across 2,300 cities across the country and over 17,500 zip codes.
The company will also be investing $40 Million to increase its fleet size to meet the growing demand during the pandemic.
Delhivery has established itself as a leader in the logistics space and is looking at huge growth prospects with its upcoming IPO. My best wishes to the team of Delhivery.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.
For publishing an advertorial article about your company on our website, drop an email at email@example.com