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Delhivery Gets $100 Million From Fedex Subsidiary Ahead Of Ipo

Delhivery Gets $100 Million From Fedex Subsidiary Ahead Of Ipo

07/16/21, 4:19 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgmumbai
Money raised
$100 million
Mumbai: FedEx Express, a subsidiary of global logistics solutions provider FedEx Corp, has invested $100 million in homegrown logistics and supply chain startup Delhivery. This is the first such strategic capital to be ploughed into the Indian company which

Company Info

Company
Delhivery
Location
mumbai, maharashtra, india
Additional Info
Delhivery is targeting a public market listing next year to raise around $650-$800 million, for which it is in talks with investment bankers such as Citibank, Kotak Mahindra Capital, Bank of America Merrill Lynch and Axis Capital, ET had reported earlier.