FedEx and SoftBank-backed logistics service provider Delhivery is poised to launch its public listing with new equity funding from Addition.
Delhivery, an India-based shipping and logistics service provider backed by corporates FedEx and SoftBank, has received a $125m from investment firm Addition, The Economic Times has reported.
Addition founder Lee Fixel, a former partner at hedge fund manager Tiger Global Management, has been an investor in the company since 2015. It is planning to file for a local initial public offering that could raise about $1bn, people with knowledge of the matter told The Economic Times.
Founded in 2011, Delhivery…
