Delhivery StartUp Combining Logistics and E-commerce Receives 100 Million USD Investment
E-commerce and e-commerce logistics are included in the strategic area of Delhivery startup, which set out in 2011 with the motto of “Commercial Ecosystem of the Future”. StartUp provides digital infrastructure developed for supply chain management, 3PL, reverse logistics, warehousing management, transportation management and collection management focused on e-commerce solutions.
Founded with an investment of 1.5 million USD, StartUp attracted attention in a short time and grew with an additional investment of 6 million USD and then 35 million USD. Delhivery brought its total investment value to 227.5 million USD with an investment of 85 million USD from the USA-based Tiger Global Management investment group in May 2015 and a new 100 million USD investment from The Carlyle Group in March 2017.
It is estimated by investment experts that Delhivery StartUp will see a value of 600 Million USD.
Source : The Tech Portal