In July 2021, Delhivery also raised $100 million by FedEx Express. Earlier in 2021, the company had closed a $277 million round led by US-based Fidelity with Singapore’s sovereign wealth fund GIC also participating.
Lee Fixel, a former partner at Tiger Global Solutions is all set to invest $125Mn in Delhivery, which has been investing since 2015. The backing by such notable investors is also a testimony to the booming business of Delhivery. Fixel’s investment in Delhivery comes at a time when it is looking to raise anywhere between $800 million and $1 billion through its IPO. The logistics platform is yet to file papers for the same.
In July 2021, Delhivery also raised $100 million by FedEx Express. Earlier in 2021, the company had closed a $277 million round led by US-based Fidelity with Singapore’s sovereign wealth fund GIC also participating. It was valued at $3 billion after the Fidelity-led round.
Source: Business World
