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.
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