Softbank's $350 million cheque makes Delhivery the latest unicorn in Indian startup scene
25 March 2019 5:13 AM GMT
The investment will primarily be used for expansion into new areas. Delhivery plans to add 5,000 new pin codes to the current 15,000 by the first half of 2020.
- SoftBank Group Corp Chairman and CEO Masayoshi Son attends a news conference in Tokyo, Japan, February 8, 2017.
- Reuters file A $413 million cheque from a consortium of investors led by Softbank Vision Fund has propelled logistics start-up Delhivery into the billion-dollar club.
- "We will be scaling our warehousing and freight operations, investing in building large multi-tenant fulfilment centres, integrated with our parcel and freight transportation networks," Delhivery CEO Sahil Barua told various media portals.
- The start-up provides the full suite of logistics services, including, express parcel transportation, LTL and FTL freight, reverse logistics, cross-border, B2B & B2C warehousing and technology services.
Next Story
