INSUBCONTINENT EXCLUSIVE:
Delhivery has raised fresh investment of $413 million in a financing round led by the Softbank Vision Fund, they said in a joint statement
on Sunday.Carlyle and Fosun, both existing investors in the e-commerce business, also participated in the latest financing round.Delhivery
was founded in 2011 as a food delivery company but has since shifted to providing a full suite of logistics services in more than 1,800
cities."We will be scaling up our newer warehousing and freight services through large investments in infrastructure and technology and
global partnerships, in addition to improving the reach, reliability and efficiency of our transportation operations and sharing these
benefits with our customers and partners," Delhivery CEO Sahil Barua said in a statement.The plans include increased service locations and
expansion of its end-to-end supply chain platform."Our investment in Delhivery reflects our focus on partnering with innovative market
leaders Delhivery has demonstrated industry leading growth and emerged as the one-stop solution for e-commerce logistics," said Munish
Varma, of SoftBank Investment Advisers.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
TheIndianSubcontinent.com/elections
Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general
