Canada Pension Plan Investment Board is in the process of acquiring an 8% stake in SoftBank, BCC and Fosun-backed Delhivery through a secondary transaction that will value the delivery services provider at almost $1.9bn.

Delhivery, an India-based logistics service provider backed by corporates SoftBank, Bennett Coleman & Co (BCC) and Fosun, is set to gain pension fund Canada Pension Plan Investment Board (CPPIB) as a shareholder, the Economic Times reported on Thursday.

CPPIB is looking to acquire an 8% stake through a $150m secondary transaction, buying shares from private equity firm Multiples Alternate Asset Management and venture capital firm Nexus Venture Partners.

Delhivery has built an end-to-end supply chain service that was originally aimed…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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