Fresh off an investment from FedEx, the logistics provider disclosed a $76.4m investment for its latest round.
India-based shipping and logistics service Delhivery, whose corporate backers include FedEx, Fidelity and SoftBank, has raised $76.4m as part of a series I round, TechCrunch reported yesterday citing a regulatory filing.
Venture capital firm Addition provided the funding, which is thus far the only disclosed investment comprising the round.
Founded in 2011, Delhivery provides warehousing, logistics and shipping services as part of an end-to-end supply chain for e-commerce transactions in India, serving over 1 billion shipments to date.
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Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
