FedEx Express has provided the shipping and logistics service provider with fresh funding which will boost its pick-up and delivery services across India.
India-based shipping and logistics service Delhivery received a $100m investment today from transportation and delivery services provider FedEx Express, a subsidiary of logistics services group FedEx.
Delhivery provides e-commerce businesses across India with logistics and shipping services, including express parcel transportation, freight shipping, reverse logistics, warehousing and end-to-end supply chain services. It said it has fulfilled more than 1 billion shipments and has 15,000 customers.
The companies are entering into a long-term commercial agreement and FedEx will transfer part of…
