Gurgaon-based Logistics startup, Delhivery has raised $413 million in its latest round of equity financing led by SoftBank’s Vision Fund, with participation from existing investors, bulge-bracket private equity firm Carlyle Group and Chinese conglomerate Fosun.
The latest funding round is likely to value the company at about $1.5 billion, post-money, reports ET.
“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,” said Delhivery Chief Executive Sahil Barua.
The company plans to use the funds to scale up its reach from 15,000 to 20,000 pin codes by the first quarter of the upcoming fiscal, aggressively grow ecommerce market share investment, and expand its end-to-end supply chain platform to enterprise customers and SMEs.
Post this funding round, SoftBank and Carlyle Group will now hold 23.41% and 12.39% respectively in the company, which claims to process more than 500,000 parcels a day and over 450 million transactions to date.