SoftBank Vision Fund is exploring an investment of up to $250m in e-commerce logistics service Delhivery, which already counts Fosun and Times Internet as investors.
India-based e-commerce logistics provider Delhivery has begun talks with SoftBank Vision Fund, the near $100bn vehicle managed by telecommunications conglomerate SoftBank, for $200m to $250m in investment, the Economic Times reported today.
SoftBank is said to be considering a valuation of $1.2bn for Delhivery, up from the $800m valuation at which it last raised money, though the terms of the deal have not been finalised.
The company was reported in June this year to have appointed underwriters for an initial…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
