- Indian logistics startup Delhivery has secured $413 million from the Japanese global technology company SoftBank Group Corp. (TOKYO: 9984), valuing the company at $1.5 billion.
- Delhivery is one of India's foremost ecommerce fulfillment companies, delivering more than 500,000 parcels daily across 15,000 pin codes (India's equivalent of ZIP codes) with over 6 million square feet of established warehouse infrastructure spread across the country.
- Ecommerce companies are now eyeing India's largely untapped rural economy, which accounted for over $400 billion in retail sales in 2018.
- Delhivery's services now touch 1,700 cities and account for over 150,000 sellers across the country.
Indian Logistics Startup Delhivery Attains Unicorn Status With New Financial Raise
27 March 2019 9:49 AM GMT