delhivery

Fund 2 has already committed nearly 40% of its investible capital across four investments. It expects to commit the remaining capital over the next 3–4 quarters.

The Mumbai-based fund plans to make 10–12 investments with an average allocation of INR 200–300 crore per investment, targeting sectors such as financial services, consumption, digital and technology, healthcare, and manufacturing.

The investment is the first part of a potential 2-stage deal that provides Delhivery the option to further increase its shareholding in the company after six months

The company reportedly said that it had successfully integrated with sellers and was ready to begin intercity express parcel movement, catering to over 18,400 pin codes in the country

India and SEA follow similar tracks in the startup ecosystem with India providing a catalyst for the development of certain segments in SEA. However the key trend grabbing headlines in both regions is – exits. The more mature start-ups in both India and South-East Asia are increasingly looking at options to exit, whether through a […]

The ten-year-old logistics startup's valuation has soared to $3 billion

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