Fosun is in talks to contribute to a $100m funding round for Delhivery, the logistics service provider already backed by Times Group.
Delhivery, an India-based e-commerce logistics service provider backed by media company Times Group, is set to close a $100m funding round backed by conglomerate Fosun, the Times of India reported today.
Private equity firm Carlyle Group, investment bank Goldman Sachs’s fund Investment Partners and investment firm Tiger Global are also said to be interested in committing capital. Delhivery is expected to secure a valuation of $650m post-money.
The funding has not been officially confirmed and previous rumours in late…
