Logistics company Delhivery Sunday has announced that it has raised more than $400 million (Rs 2,766.82 crore) in a financing round led by SoftBank Vision Fund. Carlyle and Fosun, both existing investors in Delhivery, have also participated in this round of financing, the company said in a statement.
Earlier this month, ET had reported that SoftBank had invested $350 million into Delhivery, in the process catapulting the company into India’s growing list of startups with billion-dollar valuations. ET was the first to report the negotiations between Delhivery, SoftBank and Carlyle Group in its editions dated October 4 and November 21. The investments have also received some of the necessary regulatory necessity approvals from the Competition Commission of India (CCI) last month.