Softbank's $350 million cheque makes Delhivery the latest unicorn in Indian startup scene
The investment will primarily be used for expansion into new areas. Delhivery plans to add 5,000 new pin codes to the current 15,000 by the first half of 2020.
- SoftBank Group Corp Chairman and CEO Masayoshi Son attends a news conference in Tokyo, Japan, February 8, 2017.
- Reuters file A $413 million cheque from a consortium of investors led by Softbank Vision Fund has propelled logistics start-up Delhivery into the billion-dollar club.
- "We will be scaling our warehousing and freight operations, investing in building large multi-tenant fulfilment centres, integrated with our parcel and freight transportation networks," Delhivery CEO Sahil Barua told various media portals.
- The start-up provides the full suite of logistics services, including, express parcel transportation, LTL and FTL freight, reverse logistics, cross-border, B2B & B2C warehousing and technology services.