SoftBank-backed Indian logistics startup Delhivery files for $1 billion IPO

Indian logistics startup Delhivery seeks to raise about $998 million in its initial public offering, the startup said in a fling with the local regulator, joining a number of other tech startups in the world’s second largest internet market to explore the public markets. The 10-year-old startup plans to issue new shares worth $669 million, […]

Lee Fixel’s Addition invests over $75 million in Delhivery

Indian logistics firm Delhivery has courted one more high-profile investor before its expected IPO in the next two quarters: Lee Fixel’s Addition. The Gurgaon-headquartered firm has disclosed in a regulatory filing that Addition has invested $76.4 million in the startup. The new investment is part of a Series I round, according to the filing, provided by […]