Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter Instagram
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Featured Startups
    • Funding News
    • CEO Interviews
    • Startup Resources
    • Inspiring Stories
    • Submit Startup
      • Pitch VCs
    • More
      • Our Team
      • Advertise
      • Write for us
      • Privacy policy
      • Startup listing
      • Steal The Deal
      • Contact
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Home»News»Exclusive: Delhivery offers partial exit to its multiple existing investors amid IPO rumors
    News

    Exclusive: Delhivery offers partial exit to its multiple existing investors amid IPO rumors

    Girish ShettiBy Girish ShettiSeptember 17, 2020Updated:September 17, 20202 Mins Read
    Facebook Twitter LinkedIn Email
    Share
    Facebook Twitter LinkedIn Email

    Gurugram based logistic company Delhivery has provided partial exit to its multiple existing investors. In a board meeting held last month, the unicorn logistic firm agreed to convert 6, 40,000 preference shares held by existing investors into equity shares, the regulatory filings showed.

    These fully diluted 6, 40,000 preference shares were allotted in a segregated manner to several high profile investors who had pumped capital in the company through various rounds.  These investors include Times Internet, Multiples Private Equity Fund, SoftBank, CPPIB, AB Initio Capital L.P and Alpine Opporunity Firm.

    The last time, Delhivery provided exit to its exiting investors was in September 2019, when it raised $115 Mn from CPPIB.

    The latest exits have come at a time when unconfirmed reports are claiming that Delhivery is preparing for an IPO next year. Business daily Livemint has claimed that the logistics major has tapped an advisory consultant firm to advise on IPO listing. The company has so far not officially commented on this issue.

    In another important development, ROC filing has also showed that Delhivery has made changes to its capital structure in an indication that a big funding round is also lurking nearby.

    Below are the names of all the investors who have been given partial exit:  

    • Times Internet – converted 3,71, 469 preference shares into equity shares
    • Multiples Private Equity Fund – converted 48,773 preference shares into equity shares
    • Multiples Private Equity Fund 1 – converted 3,032 preference shares into equity shares
    • SVF Doorbell (SoftBank): converted 13,753 preference shares into equity shares
    • Canadian Pension Plan Investment Board (CPPIB): converted 1,71,153 into equity shares
    • Ab initio Capital I.P: Converted 3081 preference shares into equity shares
    • Alpine Opporunity Y Fund: converted 27,719 preference shares into equity shares…

    Post conversion, ownership pattern of the company is as follows  

    Delhivery’s 9 co-founders collectively own nearly 9% stake in the company, with Mohit Tandon and Suraj Saharan owning 2.22% and 2.17% stakes in the company respectively. Japanese tech giant SoftBank is the largest stakeholder in the company.

    • Times Internet: 8.88%
    • Nexus Ventures: 12%
    • Multiple Private Equity: 3.6%
    • Tiger Global: 6.88%
    • SoftBank: 25.72%
    • The Carlyle Group: 11.88%
    • CPPB: 7.97%
    • Ab initio Capital: 0.35%
    • Alpine Opporunity: 3.12%
    Delhivery featured IPO Startup News Startups IPO
    Share. Facebook Twitter LinkedIn Email
    Girish Shetti

    Related Posts

    Netflix kicks off its Password Sharing Feature in U.S & 100 other countries

    May 24, 2023

    WhatsApp finally allows you to Edit Sent Messages

    May 23, 2023

    Instagram faces Global Outage (it is back now)

    May 22, 2023

    ChatGPT goes Mobile, launches an IOS app

    May 19, 2023

    Leave A Reply Cancel Reply

    Popular Post
    • Why is one Airpod louder than the other- reason and fixes Why Is One Airpod Louder Than The Other- Reason And Fixes
    • Is Real Estate Investment Trusts a Good Career Path Is Real Estate Investment Trusts a Good Career Path? [Complete Guide]
    • advertisement examples 16 Creative Product Advertisement Examples & Ad Campaigns You Must See
    • Places that hire at 15 Places that Hire at 15 Years – Top Choices for Teenagers
    • Pestel Analysis PESTEL Analysis – What it Means and its 6 Factors Explained
    Category Posts
    • How to Clear Discord Cache: A Step-by-Step Guide
    • how to get sound on reddit How to Get Sound on Reddit: A Comprehensive Guide
    • how to fix sos only on iphone How to Fix SOS Only on iPhone: Troubleshooting Guide
    • message blocking is active android Message Blocking Is Active on Android: Understanding and Troubleshooting
    • Advanced uses of proxy servers: scraping, SEO, and more. Advanced Uses of Proxy Servers: Scraping, SEO, and More
    Our Partners
    Shopping online for Windows tablet - DHgate
    Platform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Popular Posts
    • Advertise
    • Submit A Startup
    • Privacy policy
    • Disclaimer
    © 2023 Techpluto. Designed by Techpluto.

    Type above and press Enter to search. Press Esc to cancel.

    Catch the latest news from Startup World in your Inbox!
    [email protected]