Ultimate magazine theme for WordPress.

IPO-linked Delhivery will receive $ 100 million from FedEx

BENGALURU / DELHI: India’s largest independent logistics and supply chain company, Delhivery, has raised $ 100 million from FedEx with a valuation of $ 3 billion as the funding frenzy of mature Indian startups going public continues.
The funding comes a month after the Gurgaon-based startup raised $ 277 million in a round led by U.S. Fidelity and Singapore’s GIC, bringing the total to around $ 1.2 billion.
FedEx Express will focus on international export and import services to and from India, and Delhivery will, in addition to FedEx, sell FedEx Express international products and services in India and provide pickup and delivery services across the country. FedEx will transfer certain assets related to its domestic business in India to Delhivery.

Comments are closed.