India-based e-commerce logistics provider Delhivery has raised $30m in an extension provided by conglomerate Fosun International, the Economic Times has reported.
The transaction, which values Delhivery at $650m, follows a $100m initial close in March 2017 led by private equity firm Carlyle Group. Hedge fund manager Tiger Global Management also participated in that first close.
Founded in 2011, Delhivery offers end-to-end logistics services to online retailers, servicing roughly 600 cities. Its offering includes last-mile and third-party delivery, warehouse storage,…
