Softbank Leads Series F of USD395 Million for Delhivery
Posted On: 06 Mar 2019 | Source(s): Fortune India | Author(s): Deepti Chaudhary
India-based e-commerce logistics platform Delhivery has raised USD395 million in a Series F funding round led by Japan-based technology and investment group SoftBank. Global alternative asset management firm The Carlyle Group and China-based conglomerate Fosun International also participated in the round, which reportedly values Delhivery at USD1.6 billion. SoftBank invested USD350 million for a 23 percent stake in the company, and Carlyle and Fosun committed the remaining USD45 million. After the transaction, Carlyle, which first invested in Delhivery in 2017, holds a 12 percent stake.