The tech startup zone in India has been blossoming very well. Over the past few years, it has given numerous unicorns. E-commerce is one the fastest growing sectors in India. The whole e-commerce industry depends on two main pillars namely, tech and logistics. Making the deliveries to the right customers at the right time is one of the most important aspects of online shopping. It is crucial for customer retention.
Delhivery is one of the many delivery service providers in India. However, they are one of the big players as they have been backed by Tiger Global Management and Nexus Venture Partners. Their current worth is around $700 million. Recent reports suggest that the Japanese giant SoftBank’s investment arm Vision Fund is about to invest a whopping $450 million in the company. It is also reported that the company can invest further $100 million to increase its stake in the startup.
The e-commerce websites have reduced the dependence on the third party delivery players. Thus, Delhivery has been trying to venture into various other forms of business-to-business delivery services to stay in the business. The investments by Softbank would assist the start-up to spread its businesses to other industries too. In a situation, when Delhivery was planning to go for an IPO, the funding will keep it private for a very long time now.