Fidelity has led the SoftBank, Fosun and Bennett Coleman & Co-backed logistics service provider’s latest round, set to precede an IPO slated for 2022.

Delhivery, an India-based, corporate-backed shipping service, has raised Rs 20.1bn ($277m) in a series H round led by financial services and investment group Fidelity, Entrackr reported on Sunday.

Gamnat, Chimera Investments and Pacific Horizon Trust filled out the round, and the cash was secured ahead of an initial public offering slated to take place in 2022. Two people familiar with the matter told the Times of India in March this year it is expected to value the company at $3bn.

…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
Email LinkedIn