FedEx pumps $100 Mn equity investment in IPO Bound Delhivery

American logistics giant FedEx announced on Friday that it has entered in equity and commercial agreement with India’s homegrown logistics startup Delhivery. The agreement would allow both companies in leveraging their combined strength to unlock the potential of India’s international trade. As part of this agreement, FedEx will make $100 Mn equity investment in Delhivery.…

ByGirish ShettiJuly 16, 20210Comments

Tech news

Lithuania & Poland Built a Portal that connects its people in Real-Time – Top Trending News

Here are the top trending news from the world of technology.. 1) Lithuania & Poland have Built a Portal that connects its people in real-time With pandemic putting a brake on travel movement, Lithuania and Poland have come with an interesting solution. Both countries have installed a portal at the heart of their capital city…

ByGirish ShettiMay 31, 20210Comments

Funding News

Delhivery gives exit to early investors as Steadview makes secondary Investment

E-commerce focused logistic startup Delhivery has received $25 Mn from global tech Fund Steadview through secondary transaction. Since this investment has been made through sale of secondary shares, Delhivery will be using the investment purely for giving exit to early investors. However, the names of existing investors who have sought to make an exit have not…

ByGirish ShettiDecember 15, 20200Comments

News

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

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…

ByGirish ShettiSeptember 17, 20200Comments

Funding News

Weekly Funding: Delhivery, JioSaavn, OkCredit & Others Raised Funds

The investment scenario in India’s startup ecosystem continues to stay resilient amid growing chorus over economic slowdown. Even though big funding rounds and high profile startups continued to remain conspicuously absent but the week still proved to be a decent one on the fundraising front. Apart from Delhivery and JioSaavn, other startups that managed to raise…

ByGirish ShettiSeptember 14, 20190Comments

Funding News

Logistic startup BlackBuck raises $150 Mn to Inch Closer to Unicorn Tag

B2B Logistic startup BlackBuck has moved closer to the coveted unicorn club, after the latest funding round propelled its valuation to almost $950 Mn. Through this series D round, the Bengaluru based firm has raised $150 million (about Rs 1,040 crore) from several high profile investors like Accel, B Capital and Sequoia Capital. International Finance…

ByGirish ShettiMay 2, 20190Comments

Funding News

SoftBank Funding Propels Delhivery into the Unicorn World

India’s coveted unicorn list has got a new member, Gurgaon based logistics startup Delhivery. Delhivery’s journey to the unicorn world was expedited, after its latest funding round from SoftBank and other investors. In all, the logistic company has raised $350 Mn from SoftBank and Fosun International from the latest round, which has capitulated its valuation…

ByGirish ShettiMarch 6, 20190Comments

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