SoftBank spearheads $413m investment in Indian logistics unicorn
25 March 2019 6:36 AM GMT
Delhivery plans service expansion in growing e-commerce sector
- 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.
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