SoftBank spearheads $413m investment in Indian logistics unicorn

SoftBank spearheads $413m investment in Indian logistics unicorn
x

  • Indian logistics startup Delhivery has raised $413 million from a group of investors led by  SoftBank Group 's Vision Fund as it moves to expand its e-commerce services.
  • Existing investors Carlyle Group of the U.S. and Fosun International of China also took part in the latest funding round, which valued the company at more than $1.5 billion -- making it a so-called unicorn, or a privately held company valued at more than $1 billion.
  • SoftBank's Vision Fund has previously focused on information technology companies, but the latest investment marks a broadening of scope.


Next Story
Share it
Top
To Top