First unicorn of 2019: Delhivery valuation hits $1.6B with $350M funding from SoftBank
In its Series F round, the Gurgaon-based logistics startup raised a total of $395 million. Its existing investors Carlyle Group and Fosun International also participated in this round.
- Gurgaon-based logistics startup Delhivery raised $395 million in its Series F round to become the first Indian unicorn of 2019.
- The company raised $350 million from SoftBank Group alone, while existing investors Carlyle Group and Chinese conglomerate, Fosun International also participated in the round.
- With this new round of funding, Delhivery is now valued at $1.6 billion.
- Additionally, the startup allotted 158,000 Series F CCPS to Carlyle.