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22
Nov
2018
SoftBank May Invest $450 Mn In Delhivery To Make It A Unicorn

SoftBank May Invest $450 Mn In Delhivery To Make It A Unicorn

22 Nov 2018

Gurugram-based ecommerce logistics company Delhivery may soon join the unicorn club with a fresh round of funding from Softbank; talks on the investment are reportedly in the final stage.

A media report cited sources familiar with the development as saying that SoftBank, through its Vision Fund, may invest an estimated $350 Mn as fresh capital in Delhivery. It will also make additional secondary transactions, estimated at $100 Mn, to further bump up its stake in the company.

With the announcement set for next month, SoftBank may emerge as the largest shareholder in Delhivery with a 32% stake. The startup is currently backed by some of the biggest foreign investors in the Indian startup ecosystem, such as the Carlyle Group, China’s Fosun International, and New York’s Tiger Global.

Source: https://inc42.com/buzz/softbank-may-invest-450-mn-in-delhivery/
 

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