Tuesday, November 5

Tag: Invest

SoftBank Vision Fund to Invest $250 Million in India’s Popular Logistics Firm
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...
Wipro Collaborate With and Invests in Tradeshift
BUSINESS, FUNDING

Wipro Collaborate With and Invests in Tradeshift

Wipro Limited, a leading global information technology, consulting and business process services company today announced a strategic partnership with Tradeshift, the fastest growing business commerce platform, to offer cloud-based Source-to-Pay (S2P) Business Process as a Service (BPaaS) solution. The partnership aims to help customers accelerate digitalization and automation in their procurement, finance and accounting functions. Headquartered in San Francisco, Tradeshift offers a business commerce platform to digitally connect companies through cloud-based, collaborative accounts payable and procurement automation. The agreement combines the capabilities of Tradeshift’s platform with Wipro’s integrated S2P services. Wipro’s S2P solutions enable enterprises to achieve efficiencies a...