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Delhivery Gets $100 Million From Fedex Subsidiary Ahead Of Ipo

Jul 16, 2021•about 4 years ago

Amount Raised

$100 Million

Mumbai

Description

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 Information

Company

Delhivery

Location

Mumbai, Maharashtra, India

About

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.

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