Thursday, April 25

Tag: Delhivery

Delhivery Raises $413 Million From Softbank Vision Fund
26Mar By reutersNo Comments
FUNDING

Delhivery Raises $413 Million From Softbank Vision Fund

MUMBAI: Delhi based logistics service provider Delhivery has raised fresh investment of $413 million in a financing round led by the Softbank Vision Fund, they said in a joint statement on Sunday. Carlyle and Fosun, both existing investors in the e-commerce business, also participated in the latest financing round. Delhivery was founded in 2011 as a food delivery company but has since shifted to providing a full suite of logistics services in more than 1,800 cities. "We will be scaling up our newer warehousing and freight services through large investments in infrastructure and technology and global partnerships, in addition to improving the reach, reliability and efficiency of our transportation operations and sharing these benefits with our customers and partners," Delhivery CE...
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After CCI Clearance, SoftBank Buys 22.44% stake in Indian Logistics Firm Delhivery
28Feb By AnkitaNo Comments
ACQUISITION

After CCI Clearance, SoftBank Buys 22.44% stake in Indian Logistics Firm Delhivery

The Competition Commission of India (CCI) on Wednesday said it has approved the acquisition of 22.44 per cent stake in logistics firm Delhivery by SoftBank Vision Fund. The deal is worth over Rs 3,200 crore, according to reports. According to a filing to the CCI, the deal involves subscription of 22.44 per cent of the total share capital of Delhivery and consequently “potential subsequent acquisition of shares at a price and on such terms to be agreed.” The Japanese company will invest in the logistics firm through its holding company SVF Doorbell. In a tweet, the CCI said it “approves acquisition of 22.44 per cent of the total share capital of Delhivery Pvt Ltd (on fully diluted basis) by SVF Doorbell (Cayman) Ltd“. SoftBank Vision Fund is a venture capital fund focused on...
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Tech Investor SoftBank Group Invests $450 million in Delhivery
21Nov By Gauri SinghNo Comments
BUSINESS

Tech Investor SoftBank Group Invests $450 million in Delhivery

The global technology investor SoftBank Group Corp is in its final stage of investing a huge amount of $450 million in Delhivery, which is India's largest e-commerce-centric logistics company by revenue. This particular deal is expected to value the company at over $1 billion, entering into the unicorn club. Through its Vision Fund, SoftBank is set to invest an estimated $350 million (about Rs 2,500 crore) in fresh capital into the company. Along with this, the Tokyo-headquartered strategic holding investor is expected to undertake secondary transactions, estimated at $100 million, to further bump up its stake in the company. As part of secondary exits, the company’s founders are likely to abolish their ownership substantially. SoftBank will emerge as the single largest shareholde...
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SoftBank Vision Fund to Invest $250 Million in India’s Popular Logistics Firm
4Oct By Gauri SinghNo Comments
BUSINESS

SoftBank Vision Fund to Invest $250 Million in India’s Popular Logistics Firm

The well-known SoftBank Vision Fund is in talks to invest $200-250 million (Rs 1,470-1,837 crore) in Indian ecommerce-focused logistics company Delhivery. The fund that was started by SoftBank’s Japanese billionaire founder, Masayoshi Son will make Delhivery’s valuation reach around $1.2 billion. This move will take the company to the unicorn club and it will become one of the most known delivery platform in the country. “They have been evaluating Delhivery seriously for the past few months but a transaction is not final yet,” said a person familiar to the matter. This investment will provide Delhivery a better capital runway, given that it comes after it was reported that the logistics firm decided to push back plans for an anticipated $350 million initial public offering, an issue i...
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Delhi Based Logistics Firm Delhivery Raises $30 Million Funding
22May By PriyankaNo Comments
FUNDING

Delhi Based Logistics Firm Delhivery Raises $30 Million Funding

Logistics company Delhivery has received USD 30 million (about Rs 200 crore) funding from Chinese conglomerate Fosun International. This additional investment is a part of the bigger equity financing round where The Carlyle Group pumped in USD 100 mn to pick up a minority stake in the firm, according to a statement. The investment in Delhivery is reported to be among the largest in the tech-focused logistics space. It is a pointer to a likely boom in the logistics sector as the government moves ahead with the introduction of GST from July 1 and on the back of robust online retail sales. The Gurugram-based company was launched in 2011 by Sahil Barua, Mohit Tandon, and Suraj Saharan with an aim to disrupt the logistics supply chain market. Later, they were joined by Bhavesh Mangl...
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Why Ecommerce Giants Like Kunal Bahl, Sachin Bansal Are Backing Entrepreneurs As “Super Angel”
23Sep By No Comments
News

Why Ecommerce Giants Like Kunal Bahl, Sachin Bansal Are Backing Entrepreneurs As “Super Angel”

Saras Agarwal's main agenda at a networking event early this year was to meet Zishaan Hayath, cofounder and chief executive of education technology startup Toppr. The associate vice-president at VenturEast, among India's oldest venture capital firms, wasn't looking to invest in Toppr but discuss startups Hayath had put his money into. "It was a general meet-up from the point of view of deal flow to understand what kind of startups (Hayath) is interested in," Agarwal said. Hayath represents a widening pool of so-called super angels — reputed startup founders who are increasingly becoming the first port of call for entrepreneurs seeking money for their emerging businesses, having been among the earliest to bet on consumer Internet companies such as Ola, Housing, TinyOwl, Grofers and Delhi...
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