SoftBank, Times Internet and Fosun-backed logistics services provider Delhivery has received $115m from Canada Pension Plan Investment Board to take its total funding above $780m.
Delhivery, the India-based e-commerce logistics services provider backed by corporates SoftBank, Fosun and Bennett Coleman & Co, secured $115m on Monday from pension manager Canada Pension Plan Investment Board (CPPIB)’s Fundamental Equities Asia vehicle.
Founded in 2011, Delhivery provides India’s e-commerce sector with logistics services spanning the whole supply chain, in areas such as warehousing, freight capacity and cross-border deliveries.
The company’s network includes 22 automated sorting hubs, 32 fulfilment centres and more than 2,500 direct delivery outposts, in addition…
