Private Equity Fund Investments
Logistics unicorn Delhivery raises Rs.558-Cr from Lee Fixel's Addition
IPO bound, Gurugram-based logistics Unicorn Delhivery has raised INR 558 crore (about USD 76.4 M) from former Tiger Global head Lee Fixel promoted Addition LLC as part of its Series I round. The startup has allotted 146,961 Series I Compulsory Convertible Preference Shares (CCPS) to Addition at INR 37,900 apiece. The new round comes just after Delhivery raised USD 100 million from global logistics firm FedEx.
From the Venture Intelligence PE-VC Deal Database: Between Aug-13 and Jul-21, Delhivery raised funds from Baillie Gifford, Fidelity India, GIC, Steadview Capital, SoftBank Corp, CPPIB, Fosun Group, Carlyle, Tiger Global, Multiples PE, Nexus Venture Partners and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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