Private Equity Fund Investments
Logistics co Delhivery raises $277-M led by Fidelity
Gurugram-based, tech-enabled logistics unicorn Delhivery, which is planning an initial public offering (IPO), has raised USD 277 million (over INR 2,000 crore), led by US-based Fidelity Investments. While Fidelity has invested around USD 125 million, Singapore's sovereign wealth fund GIC has invested around USD 75 million. The rest of the capital has come from UK-based Ballie Gifford and Abu Dhabi-based Chimera. In the latest deal, Delhivery's valuation post-money has jumped to almost USD 3 Billion - compared to the little over USD 2 Billion as part of the secondary investment from Steadview Capital in December 2020.
From the Venture Intelligence PE-VC Deal Database: Between Aug-13 and Dec-20, Steadview has attracted investments from Steadview Capital, SoftBank, CPPIB, Fosun Group, Carlyle, Tiger Global, Multiples PE and Nexus Ventures.
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