Softbank’s $413 mn round to push Delhivery valuation to $1.5 billion - Times of India
24 March 2019 3:05 PM GMT
International Business News: BENGALURU: Japanese telecom and internet major Softbank has led a $413 million financing round in e-commerce focused logistics platform Delhivery, val.
- BENGALURU: Japanese telecom and internet major Softbank has led a $413 million financing round in e-commerce focused logistics platform Delhivery, valuing the eight-year-old company at $1.5 billion.
- The transaction would make Gurgaon-based startup the latest member of the Unicorn club, the term used for private companies valued over $1 billion, which has doubled to over 20 startups since the end of 2017 (graphic).
- The new set of Unicorns which have come in over the last 15 months are from more diverse sectors like financial technology, education, and logistics as compared to the previous batch, which was mostly from online commerce and advertising based companies.
- An interesting trend here is the emergence of business-to-business (B2B) companies like payments players Billdesk and Pine Labs, and Udaan, which helps connect shopkeepers directly with manufacturers, as compared to primarily direct consumer-facing companies which became Unicorns earlier.
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