Three weeks after reports suggested SoftBank Vision Fund had led a $395m series F round for e-commerce delivery service Delhivery, the size has been confirmed as $413m.
India-based e-commerce logistics provider Delhivery closed a $413m series F round on Sunday led by Vision Fund, the $98.6bn investment vehicle managed by telecommunications conglomerate SoftBank, Reuters reported.
Diversified conglomerate Fosun Intenational and CA Swift Investments, a subsidiary of private equity firm Carlyle Group, also participated in the round. Vision Fund invested $350m and now owns a 23.4% stake in the company.
Founded in 2011, Delhivery operates an end-to-end supply chain service for India’s e-commerce sector. Its network consists of…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
