Indian logistics startup Delhivery attains unicorn status with new financial raise
27 March 2019 8:30 AM GMT
India-based logistics startup�Delhivery�has secured $413 million in new funding with Japan?s�SoftBank�leading the round.
- News that will impact the freight industry, from technology, to regulatory changes, to economic developments.
- Indian logistics startup Delhivery has secured $413 million from the Japanese global technology company SoftBank Group Corp. (TOKYO: 9984), valuing the company at $1.5 billion.
- Today, unlimited data plans in the country cost as low as $2.50 per month, providing opportunities for ecommerce to proliferate and capture the collective conscience of rural India.
- However, for businesses to enter the continually expanding ecommerce industry and to hold their place in the market, last-mile delivery logistics need to be fast enough to meet growing consumer expectations.
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