SoftBank all set to invest $450 million to Delhivery
SoftBank all set to invest $450 million to Delhivery

SoftBank Group Corp is all set for $450 million investment in Delhivery, India's largest ecommerce-centric logistics company by revenue as highlighted by leading media resources. It’s expected that after this transaction Gurgaon-based company will value over $1 billion.

Through its Vision Fund, SoftBank is set to invest an estimated $350 million (about Rs 2,500 crore) in fresh capital into the company, according to multiple sources aware of the development. Additionally, 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.

So far, Delhivery has investment from bulge-bracket investor Carlyle Group, China’s Fosun International, New York-based investment firm Tiger Global, Nexus Venture Partners and Times Internet, the digital arm of the Times of India Group that publishes The Economic Times.As part of secondary exits, the company’s founders are likely to pare holdings substantially.


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