SoftBank Vision Fund is exploring a secondary share purchase of approximately 3.3% of the logistics provider's shares for roughly $50m, to take its stake above 25%.
Telecommunications conglomerate SoftBank’s Vision Fund is looking to buy a 3.28% stake in India-based e-commerce logistics services provider Delhivery from existing backers, Times of India reported on Tuesday, citing a regulatory document.
The secondary share purchase could be priced at approximately $50m according to Paper.vc, and may involve Times Internet, the digital services subsidiary of media group Bennett Coleman & Co, and an unnamed fund managed by venture capital firm Nexus Venture Partners.
Founded in 2011, Delhivery operates a logistics…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
